Tax Accounting Services
At OB, we provide expert tax accounting services that bridge the gap between financial reporting and tax compliance. Our comprehensive approach ensures accurate financial records, optimized tax positions, and full compliance with evolving tax laws and regulations for businesses and individuals.
About OB Tax Accounting Services
Professional tax accounting expertise backed by decades of technical excellence and practical application
OB has been providing specialized tax accounting services for over 12 years, helping businesses and individuals navigate the complex intersection of accounting principles and tax regulations. Our team of certified tax accountants, CPAs, and financial reporting experts bring deep technical knowledge combined with practical business insights to every engagement.
Technical Excellence
Our team maintains the highest standards of technical expertise in both accounting principles and tax regulations, ensuring accuracy and compliance in all our work.
Regulatory Compliance
We stay current with all accounting standards and tax law changes, proactively adapting our approaches to ensure our clients remain fully compliant.
Strategic Insight
Beyond technical compliance, we provide strategic insights that help optimize your tax position and support your overall business objectives.
Core Tax Accounting Services by OB
Comprehensive tax accounting solutions delivered with OB's signature precision and expertise
Tax Basis Financial Statements
Service Components
- Tax basis balance sheet preparation and analysis
- Income statement preparation on tax basis
- Statement of cash flows on tax basis
- Footnote disclosures for tax basis financials
- Reconciliation to GAAP financial statements
- Tax basis equity statement preparation
- Comparative financial statement analysis
- Interim period tax basis reporting
OB Advantage
Our tax basis financial statements are prepared by professionals who understand both accounting standards and tax regulations, ensuring accurate reporting that meets both financial and tax requirements.
Tax Provision Calculations
Service Components
- Current tax expense calculations and analysis
- Deferred tax asset/liability computations
- Valuation allowance assessments
- Uncertain tax position analysis (ASC 740)
- Effective tax rate calculations
- Tax provision footnote disclosures
- Quarterly tax provision updates
- Year-end tax provision finalization
OB Advantage
Our tax provision services incorporate OB's extensive experience with complex tax scenarios and regulatory requirements, ensuring accurate reporting and optimal tax position management.
Deferred Tax Analysis
Service Components
- Temporary difference identification and tracking
- Deferred tax calculation methodology
- Valuation allowance assessment and documentation
- Net operating loss tracking and utilization
- Tax credit carryforward management
- Deferred tax rollforward schedules
- Future realization analysis
- Regulatory compliance documentation
OB Advantage
OB's deferred tax analysis goes beyond calculation to provide strategic insights on utilization planning and optimization opportunities based on our extensive experience with similar scenarios.
Why Choose OB for Tax Accounting?
Discover the unique advantages of partnering with OB for your tax accounting needs
Deep Technical Expertise
OB's tax accountants combine advanced technical knowledge with practical application experience.
- CPAs with specialized tax accounting certifications
- Former Big 4 tax professionals on our team
- Regular training on latest accounting standards
- Extensive experience with complex tax scenarios
- Proactive approach to regulatory changes
Comprehensive Service Approach
We provide end-to-end tax accounting solutions that address all aspects of your financial reporting needs.
- Integrated approach to tax and accounting
- Customized solutions for your specific needs
- Regular communication and progress updates
- Detailed documentation and workpapers
- Ongoing support and consultation
Strategic Value Creation
Beyond compliance, we focus on creating value through optimized tax positions and strategic insights.
- Tax optimization strategies integrated with accounting
- Proactive identification of tax savings opportunities
- Strategic planning for future tax positions
- Risk assessment and mitigation strategies
- Alignment with overall business objectives
OB's Technical Tax Accounting Expertise
Specialized knowledge areas where OB excels in tax accounting
ASC 740 Expertise
Comprehensive understanding and application of ASC 740 (formerly FIN 48) for uncertain tax positions, including measurement, recognition, and disclosure requirements.
Method Changes & Elections
Expert guidance on accounting method changes, tax elections, and their implications for financial reporting and tax compliance.
International Tax Accounting
Specialized knowledge of international tax accounting issues including foreign tax credits, Subpart F income, and global intangible low-taxed income (GILTI).
Business Combinations
Expertise in tax accounting for business combinations, including purchase price allocation, goodwill, and intangible asset valuation.
Specialized Tax Accounting Services
Advanced tax accounting solutions for complex and specialized scenarios
Tax Accounting Software Implementation
Implementation Services
- Tax provision software selection and evaluation
- System implementation and configuration
- Data migration and integration planning
- User training and documentation
- Ongoing system support and maintenance
- Process optimization and automation
OB Expertise
Our team has extensive experience implementing leading tax accounting software platforms and can help you select and implement the right solution for your organization's needs.
Tax Basis Balance Sheet Preparation
Preparation Services
- Tax basis asset valuation and classification
- Liability measurement on tax basis
- Equity reconciliation and analysis
- Intercompany transaction elimination
- Consolidation procedures for tax basis
- Disclosure requirements compliance
OB Expertise
We bring deep expertise in tax basis balance sheet preparation, ensuring accurate reporting that meets both accounting standards and tax regulatory requirements.
Tax Accounting Method Analysis
Analysis Services
- Current method evaluation and documentation
- Alternative method analysis and comparison
- IRS filing requirements for method changes
- Impact assessment on financial statements
- Implementation planning and timing
- Ongoing compliance monitoring
OB Expertise
Our extensive experience with tax accounting methods allows us to identify opportunities for improvement and ensure proper implementation and compliance.
OB's Tax Accounting Process
A systematic approach to delivering accurate and compliant tax accounting services
Initial Assessment
Comprehensive review of your current tax accounting practices, financial reporting requirements, and specific business needs to develop a customized approach.
Data Collection & Analysis
Systematic gathering and analysis of financial data, tax records, and supporting documentation to ensure complete and accurate information for tax accounting.
Technical Application
Application of relevant accounting standards and tax regulations to calculate tax provisions, deferred taxes, and prepare tax basis financial statements.
Quality Review
Rigorous quality control procedures including technical review, reconciliation checks, and compliance verification to ensure accuracy and completeness.
Strategic Review
Analysis of tax accounting results to identify optimization opportunities, risk areas, and strategic recommendations for future periods.
Delivery & Support
Comprehensive delivery of tax accounting outputs along with detailed explanations, ongoing support, and planning for future reporting periods.
Ready to Optimize Your Tax Accounting?
Partner with OB's expert tax accounting team to ensure accurate financial reporting and optimal tax positions.