About "Tax accounting services"
The PwC tax accounting services practice provides clients guidance and direct best practice approaches on a range of tax accounting issues.
More about this author
Tax accounting insightsFinancial Accounting Foundation completes review of accounting for income taxes
12/4/13 | Tax accounting services
Financial Accounting Foundation completed its post-implementation review of Financial Accounting Standards Board Statement No. 109, Accounting for Income Taxes
Tax accounting insightsTax holidays and other incentives: Determining the right accounting model
10/15/13 | Tax accounting services
This Tax accounting insight provides a comparison of the potentially relevant accounting models and highlights some of the factors to consider in determining which model applies.
Tax accounting insightsGlobal Tax Accounting Services Newsletter (April to June 2013)
9/12/13 | Tax accounting services
In this release we discuss a variety of accounting and reporting developments and the related tax accounting considerations.
WebcastPwC's quarterly tax accounting webcast - Q3 2013 – October 3, 2013
9/9/13 | Tax accounting services
PwC invites you to watch a panel of our Tax Accounting Services (TAS) specialists for a discussion of relevant tax accounting matters including intraperiod tax expense allocation under ASC 740 as well as recent regulatory and legislative developments.
Tax accounting insightsTax accounting retrospective (January to July 2013)
8/30/13 | Tax accounting services
Compilation of our Tax Accounting Services publications released over the first half of calendar year 2013
Tax accounting insightsPatent box and technology incentives: Tax and financial reporting considerations
8/22/13 | Tax accounting services
This publication discusses key tax and financial reporting considerations of patent box regimes and other technology incentives.
Tax accounting insightsRevised exposure draft on leases may have significant tax accounting, state tax, and systems implications
7/25/13 | Tax accounting services
The FASB and the IASB issued a revised exposure draft on leases. Although the tax law regarding the treatment of leasing transactions remains unchanged, taxpayers should consider how the Exposure Draft will impact the computation of federal and state taxable income and deferred income tax assets and liabilities associated with their leases.
Tax accounting insightsFASB ratifies consensus on netting unrecognized tax benefits against loss or other tax carryforward assets
6/26/13 | Tax accounting services
The FASB ratified the accounting guidance proposed by the EITF consensus for Issue 13-C, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. We expect the final Accounting Standards Update (ASU) to be issued within the next few weeks.
Tax accounting insightsTax accounting implications of new French wage tax credit
5/3/13 | Tax accounting services
The new French legislation to encourage investment and create jobs will impact financial statement accounting.
Tax accounting insightsTax considerations relating to fair value accounting
3/25/13 | Tax accounting services
PwC has refreshed our 'Fair Value Accounting: Tax Considerations' publication (originally released in December 2008).
Tax accounting insightsFASB issues exposure draft proposing netting of unrecognized tax benefits when a net operating loss carryforward or tax credit carryforward exists
2/26/13 | Tax accounting services
FASB exposure draft proposes that unrecognized tax benefits be netted against all same-jurisdiction deferred tax asset NOL and tax credit carryforwards
Tax accounting insightsFinancial Accounting Foundation conducting review of accounting for income taxes
2/14/13 | Tax accounting services
The Financial Accounting Foundation (FAF) announced that FASB Statement 109, 'Accounting for Income Taxes' will be the next standard for which it will conduct a post-implementation review (PIR).
Tax accounting insightsAround the world: When is a tax law enacted or substantively enacted?
12/20/12 | Tax accounting services
Companies reporting under US GAAP or IFRS need to understand when a change in tax law impacts the measurement of current and deferred income taxes.
- Accounting for Income Taxes: 2012 Year-end Hot Topics
12/18/12 | Tax accounting services
Calendar year 2012 has seen considerable activity across the global legislative and regulatory landscapes. In addition to one-off changes to tax laws in several key territories, certain legislative trends have had a significant impact on income tax accounting. This PwC publication is focused on the topics we believe will be most relevant to the preparation of 2012 year-end financial statements.
- Foreign currency tax accounting
10/18/12 | Tax accounting services
This publication addresses key considerations in applying U.S. GAAP with respect to foreign currency income tax reporting. It is designed to be a reference guide to explore tax accounting for foreign currency. It begins with the “basics” and relevant areas of focus when applying Accounting Standards Codification (ASC) 830, Foreign Currency Matters, and also discusses the application of ASC 740, Accounting for Income Taxes, to foreign currency.
Tax accounting insightsDeferred taxes on foreign earnings: A road map
9/6/12 | Tax accounting services
Asserting indefinite reinvestment traditionally has been a widespread practice among multinational businesses. A majority of large companies make the assertion with respect to much, if not all, of their foreign earnings. To assist organizations in making this assertion, PwC has refreshed this publication (originally released in December of 2010).
- FASB disclosure proposals: Update
8/28/12 | Tax accounting services
The FASB recently issued several project updates pertaining to financial statement disclosures. This PwC Tax NewsAlert briefly describes these developments and their potential implications with respect to tax matters.
- Key tax accounting considerations of further reductions to the United Kingdom's main corporate tax rate
4/5/12 | Tax accounting services
The UK has announced further amendments to the main corporate tax rate -- the rate applicable from April 1, 2012 to March 31, 2013 will be reduced from 25% to 24% and a further rate reduction to 23% will be applicable from April 1, 2013. This issue of Tax accounting insights discusses why multinational groups with UK entities are encouraged to assess the tax accounting implications of these tax rate changes.
Tax accounting insightsKey areas of focus when accounting for income taxes during interim periods
3/21/12 | Tax accounting services
At the close of every quarter, companies recognize income tax expense or benefit in their respective quarterly financial statements in accordance with interim reporting guidance under FASB Accounting Standards Codification 740, Income Taxes (ASC 740). When applied, this accounting model can present formidable challenges to many companies and can sometimes produce unexpected results. This edition of Tax accounting insights highlights the "basics" as well as key areas of focus when accounting for income taxes during interim periods.
Tax accounting insightsIncome Tax Accounting, A comparative look between US GAAP and IFRS
1/5/12 | Tax accounting services
Significant differences continue to exist between the IASB's anf the FASB's income tax accounting models, notwithstanding ongoing convergence efforts. This PwC publication provides a comparative summary between standards and a closer look at seven significant differences -- tax basis, initial recognition, intercompany transactions, accounting for uncertain tax positions, allocating income taxes, share-based compensation, and investment in subsidiaries.
Tax accounting insightsTax accounting services: The impact of transfer pricing in financial reporting
9/23/11 | Tax accounting services
The topic of transfer pricing in relation to financial reporting is often associated with uncertain tax positions ù that is, the extent to which tax reserves may need to be recorded due to uncertainty with respect to tax return positions. However, transfer pricing can also have other important financial reporting implications. PwC's Tax accounting insights serves to highlight several important areas of financial reporting that can be affected by transfer pricing.
Tax accounting insightsSeven principles to consider when preparing a tax provision for subsidiary or carve-out financial statements
5/16/11 | Tax accounting services
Income tax provision preparation for stand-alone subsidiary or carve-out financial statements is a challenging and complex area of practice. In completing these calculations, we believe it is important to have a consistent, thoughtful framework for addressing the many judgments involved in the process. To assist you with the preparation of separate company financial statements, PwC's Tax accounting insights presents "Seven principles to consider when preparing a tax provision for subsidiary or carve-out financial statements" publication.
Tax accounting insightsIFRS, the current landscape for US tax executives
1/9/11 | Tax accounting services
The potential transition to IFRS in the United States has been an ongoing focus of the SEC over the past several years. As part of their current workplan, the SEC is analyzing the impact of IFRS on US issuers and whether, when, and how to incorporate IFRS into the US financial reporting system. In this Tax accounting insights, we inform US tax executives on the current landscape of IFRS, including the key tax considerations that may arise in the near-term
Tax accounting insightsGoodwill impairment testing: Tax considerations
12/21/09 | Tax accounting services
Goodwill impairment testing continues to be a challenging and complex area of practice. As companies perform goodwill assessments, tax considerations can play a critical role in the final conclusions. To assist you with your goodwill impairment testing, PwC has refreshed our Goodwill Impairment Testing: Tax Considerations publication (originally released in December 2009).
Tax accounting insightsDebt restructurings and bankruptcy: Accounting, tax and FAS 109 considerations
6/4/09 | Tax accounting services
Current market conditions have precipitated efforts by companies, across industries and markets, to reduce or restructure their debt obligations.The transactions and events occurring in these settings can have significant and sometimes unique financial reporting consequences.This PwC publication provides an overview of these transactions and events from both a financial reporting and income tax perspective.
Tax accounting insightsStock option awards under IFRS: Tax accounting impacts earnings
7/7/08 | Tax accounting services
PwC analysis of the potential impact of IFRS on shared-payment stock plans. An IFRS conversion may affect cash taxes and affect financial reporting systems and processes.
Tax accounting insightsMore likely than not: A comparison of FIN 48 and the tax penalty standard
6/2/08 | Tax accounting services
Efforts intended to strengthen objectivity and transparency with respect to tax planning, compliance and conflict resolution have converged around the use of a MLTN (more likely than not) standard. This PwC publication explores the FIN 48's more likely than not (MTLN) standard on whether a position taken, or expected to be taken, in a tax return is more likely than not to be sustained.