Our handbook is designed to assist companies and others in understanding the application of ASC 740, providing in-depth guidance on a wide range of implementation issues.
- All entities subject to income tax
Among other things, this April 2022 edition incorporates:
- New guidance on the requirement to capitalize and amortize research and experimentation expenditures.
- New guidance on patent box regimes.
- Expanded guidance on accounting for tax receivable agreements.
- Clarification of guidance on accounting for investment tax credits and tax credit investments.