Wheter you are accounting for a single transaction, implementing new reporting standards or converting to a different reporting standard, tax accounting is high on the agenda. Accounting for income taxes is interlinked with almost every standard included in IFRS, Dutch GAAP or US GAAP and can have a significant impact on the balance sheet as well as profit or loss.
Important tax accounting challenges
How can KPMG help
Our tax accounting specialists can support with:
- the preparation of tax accounting position papers for complex transactions and restructurings, including both current and deferred income tax considerations;
- providing insight in the tax accounting implications of new accounting standards, IPOs, GAAP conversions and carve-outs, ensuring correct accounting for income taxes in accordance with the relevant accounting standard and including the preparation and documentation of (deferred) tax positions.
We ensure that your tax accounting is appropriately considered and embedded in your financial reporting.
Capital Markets & Accounting Advisory Services (CMAAS) comprises a dedicated team of professionals providing accounting and financial reporting advice on a wide range of transactions and events, including adherence to new or revised accounting standards and assistance during (Capital Market) transactions. Due to our technical knowledge, industry experience and project management skills, we are well equipped to assist you in a variety of projects.
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