New Guidance on Improvements to Income Tax Disclosures Released by FASB

Does your company have taxes subject to Topic 740? If yes, Financial Accounting Standards Board (FASB) just released new rules that impact both public and private companies.

Get more details in CLA’s article: FASB Issues New Guidance on Improvements to Income Tax Disclosures including background information, disclosure requirements, materiality considerations, effective dates, and more.

CLA’s national accounting for income taxes team can help with understanding and crafting a plan related to these significant changes. Contact us for assistance.

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Jennifer Clement is an executive sales and marketing leader specializing in value creation for the C-suite. In her current role at CLA, Jennifer collaborates on strategy with executives of global manufacturing and distribution companies to accelerate results. Previously Jennifer served as a Global Business Acceleration Leader for Complete Manufacturing and Distribution (CMD). During her time with CMD, Jennifer lived and worked in Asia from 2015-2019. Prior to CMD, she spent 10 years in senior care technology. Jennifer started her career at Johnson Controls (JCI) and spent nine years in leadership roles; followed by five years at Rockwell Automation (ROK) leading c-suite strategy and marketing operations.

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