Accounting considerations of US tax reform

In depth Dec 22, 2017

Find out how sweeping changes to the US tax law will impact your company's financial statements.

Overview

Tax reform is now law, and sweeping changes will impact companies beginning in the current fiscal year - including their financial reporting. Among the provisions: a lower corporate tax rate, immediate expensing of certain capital expenditures, an immediate charge for earnings and profits held overseas, increased limitations on interest deductibility, and a host of complex international tax rules and other tax reforms.

Our In depth details the provisions expected to have the most significant impact on US corporations, along with the potential accounting considerations.

See also our latest In brief publications on tax reform:

Watch a replay of our January 3rd webcast exploring financial reporting implications of US tax reform. Listen to our Tax Accounting Services (TAS) specialists discuss relevant tax accounting matters impacting year-end financial reporting.

To have a deeper discussion about the accounting implications of tax reform, please contact:

Jennifer Spang

Partner, National Professional Services Group

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Richard Levin

US Tax Accounting Services Leader

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Brett Cohen

Partner, National Professional Services Group

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Luke Cherveny

Partner, National Professional Services Group

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David Schmid
IFRS & US Standard Setting Leader, National Professional Services Group
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