{"id":596,"date":"2025-06-13T20:17:24","date_gmt":"2025-06-13T20:17:24","guid":{"rendered":"https:\/\/gtmtax.com\/?post_type=service&#038;p=596"},"modified":"2025-12-29T13:49:18","modified_gmt":"2025-12-29T13:49:18","slug":"tax-accounting","status":"publish","type":"service","link":"https:\/\/gtmtax.com\/service\/tax-accounting\/","title":{"rendered":"Tax Accounting"},"content":{"rendered":"<div id=\"sh-block--373482935\" class=\"sh-block-wrapper text-block \">\n\n\n\n<!-- text-block\/render.twig-->\n<div class=\"container\">\n    <div class=\"wysiwyg layout-1col\">\n        <h3 class=\"p1\">Pressure-tested provision expertise, ready for when you need it<\/h3>\n<p class=\"p1\">With accelerated reporting timelines and frequently changing guidance, knowledgeable resources that understand the complexities and nuances of the <a href=\"https:\/\/gtmtax.com\/insight\/standardizing-process-between-tax-compliance-provision\/\">tax provision process<\/a> can be hard to find. GTM addresses this challenge head-on.<\/p>\n\n    <\/div>\n<\/div><\/div>\n\n<div id=\"sh-block--1296495287\" class=\"sh-block-wrapper highlights-block \">   \n<!-- highlights-block\/render.twig-->\n<div class=\"container\">\n    <div class=\"highlights-block-inner colorway-light highlights-boxed\">\n        <header class=\"block-header\">\n            <h3 class=\"block-title heading-5\">Our tax accounting wheelhouse<\/h3>\n                            <div class=\"block-intro\">\n                    <p>The tax provision remains high on the risk profile within financial reporting. Our tax accounting professionals can help. We work with:<\/p>\n\n                <\/div>\n                    <\/header>\n                    <div class=\"block-body\">\n                <ul class=\"list-checklist\">\n                                            <li>Public and private multinational corporations of all industries and sizes<\/li>\n                                            <li>The complete spectrum of preparation, consolidation and review activites<\/li>\n                                            <li>Optimizing and automating the provision process for improved efficiency<\/li>\n                                            <li>All major tax provision software platforms and other commonly used technology<\/li>\n                                    <\/ul>\n            <\/div>\n            <\/div>\n<\/div><\/div>\n\n<div id=\"sh-block--1739679138\" class=\"sh-block-wrapper highlights-block \">   \n<!-- highlights-block\/render.twig-->\n<div class=\"container\">\n    <div class=\"highlights-block-inner colorway-dark highlights-boxed\">\n        <header class=\"block-header\">\n            <h3 class=\"block-title heading-3\">You can rely on GTM for all of your tax accounting needs, from preparation and review through regulatory filing and management reporting. <\/h3>\n                    <\/header>\n                    <div class=\"block-body\">\n                <ul class=\"list-bullets\">\n                                            <li>Annual and interim period provision support under US GAAP (ASC 740), IFRS (IAS 12), and other standards<\/li>\n                                            <li>Financial reporting and disclosure requirements<\/li>\n                                            <li>Development of provision analytics<\/li>\n                                            <li>Advisory services relating to ASC 740-30 (APB 23)<\/li>\n                                            <li>Tax basis studies<\/li>\n                                            <li>Assessing the need for valuation allowances<\/li>\n                                            <li>Accounting for uncertain tax positions<\/li>\n                                            <li>Accounting for business combinations<\/li>\n                                            <li>Intra-period allocations<\/li>\n                                            <li>Carve-out financial statements<\/li>\n                                            <li>Scenario modeling for forecasting and planning<\/li>\n                                            <li>Foreign currency translation and transactions<\/li>\n                                            <li>Implementing effective internal controls and supporting documentation<\/li>\n                                            <li>Remediation of significant deficiency or material weakness<\/li>\n                                    <\/ul>\n            <\/div>\n            <\/div>\n<\/div><\/div>\n\n<div id=\"sh-block--629296826\" class=\"sh-block-wrapper ff-block \">\n<!-- ff-block\/render.twig-->\n<div class=\"container\">\n    \n    <div class=\"ff-block-inner ff-image-left\">\n        \n        <figure class=\"block-image\">\n                                                    <img decoding=\"async\" src=\"https:\/\/gtmtax.com\/wp-content\/uploads\/2025\/06\/GettyImages-618761888-RET-1780px.jpg\" alt=\"GettyImages-618761888-RET-1780px\" \/>\n        <\/figure>\n\n        <div class=\"block-body\">\n                            <header class=\"block-title\">Technology is foundational to your improved provision process<\/header>\n                                        <div class=\"block-description\">\n                    <p class=\"p1\">Our tax automation team is a recognized market leader in <a href=\"https:\/\/gtmtax.com\/event\/webinar-manufacturing-tax-software\/\">provision software implementations<\/a> and optimization projects. We combine <a href=\"https:\/\/gtmtax.com\/specialty-area\/tax-technology\/\">technology<\/a> and technical tax expertise to assist clients with <a href=\"https:\/\/gtmtax.com\/service\/tax-automation\/\">provision automation<\/a>. We work with all of the major platforms, including ONESOURCE Tax Provision (OTP), Corptax Provision, Bloomberg Tax Provision, Longview Tax, and other products. We even optimize provisions using non-tax provision solutions like Microsoft products and other data management solutions.<\/p>\n\n                <\/div>\n            \n                        <footer class=\"block-action\">\n                \n<!-- link.twig-->\n<a class=\"btn\" href=\"\/service\/tax-automation\/\" ><span>Learn more<\/span><i class=\"icon\" aria-hidden=\"true\"><svg width=\"36\" height=\"10\" viewBox=\"0 0 36 10\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<g id=\"Property 1=Right\">\n<path id=\"Arrow 2 (Stroke)\" d=\"M31.4648 1.46484C31.6601 1.26958 31.9766 1.26958 32.1719 1.46484L35.3535 4.64648C35.5488 4.84174 35.5488 5.15825 35.3535 5.35351L32.1719 8.53515C31.9766 8.73041 31.6601 8.73041 31.4648 8.53515C31.2696 8.33989 31.2696 8.02338 31.4648 7.82812L33.793 5.5L1 5.49999L1 4.49999L33.793 4.5L31.4648 2.17187C31.2696 1.97661 31.2696 1.6601 31.4648 1.46484Z\" fill=\"white\"\/>\n<\/g>\n<\/svg>\n<\/i><\/a>            <\/footer>\n                    <\/div>\n        \n    <\/div>\n    \n<\/div><\/div>\n\n<div id=\"sh-block--1466869700\" class=\"sh-block-wrapper tiles-block \">\n<!-- tiles-block\/render.twig-->\n<div class=\"container\">\n    <div class=\"tiles-block-inner\">\n                    <header class=\"block-header\">\n                <h3 class=\"block-title\">How we work with you<\/h3>\n            <\/header>\n                            <div class=\"block-body\">\n                <ul>\n                                            <li>\n                            \n<!-- card-tile.twig-->\n<div class=\"card card-tile bg-yellow\">\n            <header class=\"card-header\">\n            <figure class=\"card-image\">\n                <img decoding=\"async\" src=\"\/wp-content\/themes\/gtmtax\/assets\/img\/gtm-icon-work-cosourced.svg\" alt=\"Icon for Co-sourced\" \/>\n            <\/figure>\n        <\/header>\n        <div class=\"card-body\">\n        <p class=\"card-title\">Co-sourced<\/p>\n                    <div class=\"card-description\">\n                <p>Whether leading or supporting your operational needs, we become an integrated part of your tax function, working side-by-side with your team.<\/p>\n\n            <\/div>\n            <\/div>\n<\/div>\n                        <\/li>                        \n                                            <li>\n                            \n<!-- card-tile.twig-->\n<div class=\"card card-tile bg-periwinkle\">\n            <header class=\"card-header\">\n            <figure class=\"card-image\">\n                <img decoding=\"async\" src=\"\/wp-content\/themes\/gtmtax\/assets\/img\/gtm-icon-work-outsourced.svg\" alt=\"Icon for Outsourced\" \/>\n            <\/figure>\n        <\/header>\n        <div class=\"card-body\">\n        <p class=\"card-title\">Outsourced<\/p>\n                    <div class=\"card-description\">\n                <p><a href=\"https:\/\/gtmtax.com\/specialty-area\/outsourcing\/\">Our outsourcing model<\/a> delivers the best people and processes, providing a streamlined, cost-effective solution.<\/p>\n\n            <\/div>\n            <\/div>\n<\/div>\n                        <\/li>                        \n                                            <li>\n                            \n<!-- card-tile.twig-->\n<div class=\"card card-tile bg-red\">\n            <header class=\"card-header\">\n            <figure class=\"card-image\">\n                <img decoding=\"async\" src=\"\/wp-content\/themes\/gtmtax\/assets\/img\/gtm-icon-work-project-based.svg\" alt=\"Icon for Project-based\" \/>\n            <\/figure>\n        <\/header>\n        <div class=\"card-body\">\n        <p class=\"card-title\">Project-based<\/p>\n                    <div class=\"card-description\">\n                <p>Our project-based solutions offer specialized support in technology, planning, assessment, integration and other key initiatives.<\/p>\n\n            <\/div>\n            <\/div>\n<\/div>\n                        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src=\"https:\/\/gtmtax.com\/wp-content\/uploads\/2025\/07\/Mike-DiBianca-1.png\" alt=\"Photo for Managing Director\" class=\"bg-red\" \/>\n        <\/figure>\n        <div class=\"card-body\">\n        <p class=\"card-title\">Michael DiBianca<\/p>\n        <p class=\"person-title\">Managing Director<br>Philadelphia Metro Office<\/p>\n                    <footer class=\"card-footer\">\n                <span class=\"action action-sm\">Read Bio<\/span>\n            <\/footer>\n            <\/div>\n<\/a>                        <\/li>                        \n                                                                                                \n                        \n                        <li>\n                            \n<!-- card-person.twig-->\n<a href=\"https:\/\/gtmtax.com\/bio\/joseph-ciccarelli\/\" class=\"card card-person card-person-hover-bg-yellow card-person-hor\">\n            <figure class=\"card-image\">\n            <img decoding=\"async\" src=\"https:\/\/gtmtax.com\/wp-content\/uploads\/2025\/07\/JCiccarelli.png\" alt=\"Photo for Managing Director\" class=\"bg-yellow\" \/>\n        <\/figure>\n        <div class=\"card-body\">\n        <p class=\"card-title\">Joseph Ciccarelli<\/p>\n        <p class=\"person-title\">Managing Director<\/p>\n                    <footer class=\"card-footer\">\n                <span class=\"action action-sm\">Read Bio<\/span>\n            <\/footer>\n            <\/div>\n<\/a>                        <\/li>                        \n                                                                                                \n                        \n                        <li>\n                            \n<!-- card-person.twig-->\n<a href=\"https:\/\/gtmtax.com\/bio\/gergana-lipidakova\/\" class=\"card card-person card-person-hover-bg-periwinkle card-person-hor\">\n            <figure class=\"card-image\">\n            <img decoding=\"async\" src=\"https:\/\/gtmtax.com\/wp-content\/uploads\/2025\/07\/G-Lipidakova-1.png\" alt=\"Photo for Managing Director\" class=\"bg-periwinkle\" \/>\n        <\/figure>\n        <div class=\"card-body\">\n        <p class=\"card-title\">Gergana Lipidakova<\/p>\n        <p class=\"person-title\">Managing Director<br>Philadelphia Metro Office<\/p>\n                    <footer class=\"card-footer\">\n                <span class=\"action action-sm\">Read Bio<\/span>\n            <\/footer>\n            <\/div>\n<\/a>                        <\/li>                        \n                                    <\/ul>\n            <\/div>\n            <\/div>\n<\/div><\/div>","protected":false},"template":"","meta":{"_acf_changed":true},"class_list":["post-596","service","type-service","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax Accounting - GTM Tax<\/title>\n<meta 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