Tax accounting insights

Timely information on tax accounting related developments including significant federal, state, local, and foreign legislative developments, plus implications under IFRS

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How will the recently issued Section 987 regulations impact your financial statements?

IRC Section 987 regulations may have significant financial statement implications

Read about Section 987 regulations impact

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Around the world: When to account for tax law changes

Keeping track of tax law changes around the world has increasingly become a challenge for businesses. Companies are rapidly expanding their geographic footprint at a time when the evolution and developments in jurisdictional tax laws are undergoing nearly constant change. Naturally, changes in tax law have an impact on tax planning, tax return preparation and, ultimately, tax cash flows. Those consequences, however, are often preceded by the impact of such changes on company financial reporting.

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Jennifer Spang
Partner, National Professional Services Group

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