Tax Services

Tax accounting

Today's business, legislative and regulatory tax environment is becoming increasingly complex, with the demands for transparency on the rise. In addition, the accuracy of income tax accounts and disclosures in financial statements remains one of the top areas of material weakness and risk.

While facing these challenges with limited resources, companies like yours are increasingly turning to our Tax Accounting and Risk Advisory Services (TARAS) for assistance with tax accounting calculations and procedures.

We can help you perform at today's standards by assisting in these key areas:

• Tax accounting: support quarterly and annual tax provision calculations or review calculations you prepare; research and document tax accounting technical positions, which includes preparing white papers and assisting with tax accounting calculations for valuation allowances, outside basis differences, indefinitely reinvested earnings, fixed asset reconciliations, share-based payments and analysis of uncertain tax positions under ASC 740
• Tax balance sheet accounts: validate current and deferred tax balance sheet accounts and prepare tax basis balance sheets to support cumulative temporary differences; prepare the calculations to support a tax provision restatement
• IFRS and GAAP: provide tax accounting assistance in connection with the adoption of new accounting standards or conversion of financial statements from IFRS to US GAAP or vice versa
• Transactions: assist with tax accounting for transactions such as acquisitions, carve-out tax provisions for dispositions, IPO readiness and fresh start accounting for post bankruptcy emergence
• Tax risk: identify and prioritize key tax provision procedures and controls and handle controls monitoring and remediation

The scope and nature of our services may differ depending on whether you are an audit or non-audit client. What's consistent is the intensive focus on quality you’ll get from our global network of experienced TARAS professionals. Discover all we can do to address your unique needs.