Tax accounting insights
Timely information on tax accounting related developments including significant federal, state, local, and foreign legislative developments, plus implications under IFRS
Tax accounting insights
5/3/13
Tax accounting insights
3/25/13
Tax accounting insights
2/26/13
Tax accounting insights
Financial Accounting Foundation conducting review of accounting for income taxes
2/14/13Tax accounting insights
Tax accounting implications of new French wage tax credit5/3/13 | Tax accounting services
The new French legislation to encourage investment and create jobs will impact financial statement accounting.
Tax accounting insights
Tax considerations relating to fair value accounting3/25/13 | Tax accounting services
PwC has refreshed our 'Fair Value Accounting: Tax Considerations' publication (originally released in December 2008).
Tax accounting insights
FASB issues exposure draft proposing netting of unrecognized tax benefits when a net operating loss carryforward or tax credit carryforward exists2/26/13 | 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 insights
Financial Accounting Foundation conducting review of accounting for income taxes2/14/13 | 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 insights
Around 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.
Tax accounting insights
Deferred taxes on foreign earnings: A road map9/6/12 | 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).
Tax accounting insights
Key areas of focus when accounting for income taxes during interim periods3/21/12 | 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 insights
Income Tax Accounting, A comparative look between US GAAP and IFRS1/5/12 | 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 insights
Tax accounting services: The impact of transfer pricing in financial reporting9/23/11 | 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 insights
Seven principles to consider when preparing a tax provision for subsidiary or carve-out financial statements5/16/11 | 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 insights
IFRS, the current landscape for US tax executives1/9/11 | 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 insights
Goodwill impairment testing: Tax considerations12/21/09 | 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 insights
Debt restructurings and bankruptcy: Accounting, tax and FAS 109 considerations6/4/09 | 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 insights
Stock option awards under IFRS: Tax accounting impacts earnings7/7/08 | 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 insights
More likely than not: A comparison of FIN 48 and the tax penalty standard6/2/08 | 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.