Tax & Accounting Blog

Boehringer Ingelheim Pharmaceuticals, Inc. Streamlines Tax Provision and Return Adjustments by 80%

Boehringer Ingelheim Pharmaceuticals, Inc. Streamlines Tax Provision and Return Adjustments by 80%

Strict year-end deadlines, manual inefficiencies and a lack of internal resources challenged the U.S. tax department of Boehringer Ingelheim. Like most corporate tax departments around the globe, their responsibilities were growing faster than their allocated head count. As a result, the relatively small income tax and provision staff saw major benefits in choosing a tax provision solution that streamlined and … Read More

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Help with Accounting for Your Tax Reserves: Schedule UTP and Uncertain Tax Positions

Offering Compliance with the New IRS Reporting Requirements Until now, spreadsheets were the most popular way of accounting for uncertain tax positions. While disclosure of uncertain tax positions have been a longtime requirement in company financial statements, On January 26, 2010, the IRS took a giant step with respect to transparency between financial accounting and tax … Read More