SOLOMON BIEN
CERTIFIED PUBLIC ACCOUNTANT
Services
Accounting for Income Tax
Calculating income taxes for presentation in a company's financial statements requires a knowledge of both the underlying tax law and the proper way to account for income taxes under GAAP. Solomon has extensive experience performing income tax provision work for a full range of enterprises, whether public or private, domestic or multi-national.
Services provided include:
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Preparation of income tax provisions under the rules of ASC 740
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Deferred tax reconciliation and support
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Valuation allowance assessment
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Analysis of uncertain tax positions – ASC 740-10 (formerly FIN 48)
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Evaluation of impact of business combinations and acquisitions
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Evaluation of impact of international operations
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Preparation of financial statement disclosures for the tax footnote
- Effective tax rate management
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State blended tax rate computations
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Review of tax provision preparation process
Business Tax
Comprehensive services to meet all of the tax needs of your business. Solomon meets with his clients throughout the year in order to advise them most effectively.
Services provided include:
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Business tax return preparation
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Advice on the selection of appropriate business entity types
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Tax planning for your business operations and strategy
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Advice on issues specific to newly started businesses
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Evaluation of tax considerations for mergers and acquisitions
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Tax due diligence prior to purchasing a business
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Advice on tax implications of international operations
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Evaluation of the tax consequences of business transactions
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Advice on equity-based compensation
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Effective tax rate planning and management
Training
Solomon has taught numerous training courses on a variety of tax-related topics. He designs lively training sessions that meet clients' specific needs and address Accounting for Income Taxes and most technical tax topics. He can tailor these workshops to either employees of a business or to tax professionals working at a firm.
Training services might also take a non-classroom format. Solomon can assist businesses or accounting firms in designing new processes and can design materials or conduct one-on-one training sessions to help implement them.
Business-Related Personal Tax
Business owners, investors, and executives have individual tax goals and challenges that are often related to those of their businesses. Solomon combines his experience with business tax and individual tax to address these unique business-related individual tax issues.
Services provided include:
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Effective tax rate planning and management
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Tax planning for investments
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Advice on tax issues for starting a business
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Advice on equity-based compensation
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Tax return preparation
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Planning and evaluation of tax consequences of selling a business
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Retirement and other tax-advantaged account planning
