Tax Accounting

Tax accounting services

taxWith today’s complex 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 especially new businesses that cut cost on professional accounting as the last investment due to limited resources.

Our Tax Accounting and Advisory Services provide assistance with tax accounting calculations and procedures.

We can help 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

Contact us for more details to address your unique needs.

State and Local Tax

State and local taxes can significantly impact a company’s cash flow, effective tax rate and risk profile. Our network of dedicated state and local tax professionals combines technical knowledge with industry understanding and access to technologically advanced tools and methodologies.

We identify risk areas and sustainable planning opportunities for state and local taxes throughout the tax lifecycle, helping you to address your state and local tax responsibilities and achieve your business goals in the US and beyond.

Our network of practitioners has in-depth knowledge of both direct and indirect state and local taxes and offers a broad array of services

Business incentives and tax credits can be generated from investment in people, property and training. These credits can dramatically affect a company’s tax position. Incentives often include income or franchise tax credits, sales and use tax exemptions and refunds, property tax abatements, reimbursements for training expenses and favorable financing arrangements.

Our network of both US and global incentives professionals can help companies identify and obtain incentives that may be available through legislative statutes or through negotiation with appropriate federal, state, and local agencies.

We provide services in a number of areas that assist companies in identifying and obtaining business incentives and tax credits:

We identify risk areas and sustainable planning opportunities for state and local taxes throughout the tax lifecycle, helping you to address your state and local tax responsibilities and achieve your business goals in the US and around the world.

Our US State and Local Tax group is effectively integrated with our Global Indirect Tax team to give you the perspective and support you need to manage your global tax burden effectively.

Our network of practitioners has in-depth knowledge of both direct and indirect state and local taxes and offers a broad array of services

Our sales and use tax professionals have years of collective industry and government experience providing firsthand knowledge of the issues impacting your company. We help companies on a nationwide basis, across a broad spectrum of sales and use tax issues.

Our extended network of tax and accounting professionals helps address the issues that may be affected by your sales and use tax decisions.

  • Audit support and assessment mitigation
  • Sales and use tax systems review and process improvement