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CFGI's tax practice currently focuses on providing its clients with assistance in three major areas of corporate taxation, FAS 109, corporate tax compliance and corporate tax outsourcing. FAS 109 - FAS 109 was established in 1992 to recognize (a) the amount of taxes payable or refundable for the current year and (b) the deferred tax liabilities and assets for the future tax consequences of events that have been recognized in a corporation's financial statements or tax returns. In essence, FAS 109 requires public companies to disclose a reconciliation of the reported amount of income tax expense to the amount of income tax expense that would result from applying domestic federal statutory rates to pretax financial income. CFGI's partners and consultants are adept at handling the review and calculation of FAS 109. With new restrictions on outside auditing firms, CFGI has the ability to assist its clients with the preparation and documentation of the necessary calculations for the annual audit. Corporate Tax Compliance - CFGI has significant experience in the corporate tax compliance area, covering large consolidated corporate returns, Sub S corporations and partnerships. The Company can serve as a completely outsourced provider, handling annual and quarterly filings in a timely and efficient manner. Corporate Tax Outsourcing - Many companies do not have the need to dedicate full-time resources in the area of taxation. CFGI offers companies a solution to this problem by performing this function for clients on an as-needed basis. This greatly reduces overhead for the client while ensuring that their tax needs are met in a comprehensive and time sensitive manner.