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The Tax Accounting and Risk Advisory Services (TARAS) global network of professionals helps clients address their most challenging tax accounting and reporting issues. They also assist with interim and annual tax accounting matters, policies, processes, procedures and controls, as well as training and education on all aspects of tax reporting.
The tax landscape continues to change at a relentless pace, and tax is playing a central role across the entire business. See how the EY TARAS practice can help you overcome challenges, gain efficiency and elevate the value of your tax function.
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TARAS professionals around the globe, supported by three Area Tax Accounting Centers, assist clients by preparing and reviewing tax accounting calculations, researching tax and tax accounting technical issues and advising on tax reporting and controls implications of planning and transactions. TARAS professionals can also help with implementing and remediating tax processes and controls and advising on tax accounting and reporting for Base Erosion and Profit Shifting (BEPS) and tax-related sustainability matters.
Assistance with preparation or review of tax accounting for:
Acquisitions
Dispositions and carveout financial statements
Restructurings
Bankruptcies and Fresh Start accounting and distressed companies
Initial public offering (IPO) and special purpose acquisition company (SPAC) transactions
Unique transactions and business changes
Assistance with preparation or review of:
Tax accounting analysis on a single, specific issue, to complex multijurisdictional planning spanning multiple reporting periods
Tax account documentation, reconciliation and US GAAP-IFRS conversion
Tax accounting for new accounting standards and tax laws
BEPS 2.0 implementation and operation
Sustainability tax reporting (e.g., public country-by-country reporting, total tax paid, total tax and economic contribution)
Assistance with preparation or review of:
Interim and annual tax provision
Non-GAAP and management reporting for taxes
Design and implementation of tax reporting processes and internal controls
Assistance with environmental, social and governance (ESG) tax reporting
Tax risk assessment and advice on actions to manage risks
Ad hoc tax accounting and reporting assistance, such as assessing business changes, complex transactions, regulatory developments, or process and controls matters
Customized client-specific tax accounting and reporting training as well as classroom-style courses across topics including new business issues, tax developments, tax risks, tax process and controls and more
The 2023 EY Tax Risk and Controversy Survey finds that tax governance is becoming a key litmus test as businesses anticipate tax audits to double in the next two years.
Results from the EY 2023 Tax Accounting Executives Survey show firms are evolving their tax accounting functions to address new challenges, but more is needed. Read on to learn more.
With BEPS 2.0 due to come into force in late 2023/early 2024, tax accounting teams prepare for Pillar Two rules on global minimum taxation. Learn more.
The 2021 EY Tax Risk and Controversy Survey finds businesses are bracing for more tax disputes. Learn how to assess and help manage tax risk and disputes.