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Public companies that file under the ASC 740 income tax provision face complex financial reporting requirements that can challenge even the best tax departments.
Your company may qualify for multiple breaks on federal and state taxes— credits and exemptions that can lead to significant savings on your overall tax expenditures. You may not be aware that your company qualifies for certain tax savings opportunities.
Many organizations view compliance as a regulatory necessity rather than a potential value-adding activity. But those with a strong compliance program know it can yield a variety of operational and business benefits, including increased efficiency and improved performance.