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Tax Accounting & Provision Services

Deloitte Tax Accounting & Provision Services offers a combination of process and tax accounting technical capabilities to drive the delivery of valuable insights to help mitigate risk and identify potential opportunities.

Facing challenges head-on

Application of the accounting principles in the generally accepted accounting standards in the United States (US GAAP) or International Financial Reporting Standards (IFRS) is complex when accounting for income taxes. Increased oversight, including closer examination and inspection of tax accounting by corporate stakeholders, external auditors, audit committees, and regulators, has added additional burden to tax departments. Ever-changing tax laws, global expansion, operational evolution, and resource constraints have presented tax departments with unique challenges in ensuring the accuracy of income tax accounts and disclosures in financial statements.

Deloitte serves both private and public companies from start-ups to established organizations and we can tailor our approach to your needs. We can leverage our diverse experience gained from serving a vast portfolio of clients to address the expectations of your stakeholders.​

Guidance on accounting for income taxes

This roadmap combines the income tax accounting rules from ASC 740 with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. The roadmap’s organization mirrors the order of ASC 740 and reflects ASUs issued through the end of 2015. Each chapter of this publication typically starts with a brief introduction and includes excerpts from ASC 740, Deloitte’s interpretations of those excerpts, and examples to illustrate the relevant guidance. The roadmap includes pending content from recently issued ASUs, some of which may already apply to some or all types of entities or for which early adoption may be permitted. Readers should refer to the transition guidance in the ASC or in the relevant ASU to determine the effective date(s) of the pending guidance.

The roadmap also contains appendixes on the following topics:
  • Implementation guidance and illustrations from ASC 740
  • Comprehensive disclosure examples
  • Samples of recent SEC comments on income tax matters
  • A comprehensive discussion of the income tax accounting guidance under IFRSs

We hope that you find this new roadmap useful and informative.​

Financial Reporting for Taxes Training

Deloitte offers comprehensive and specialized course sessions to help corporate tax and accounting professionals increase their skills and stay informed on tax accounting issues.

Please join us for upcoming 2017 training programs:

  • May 22-26, 2017 | Orlando, FL
  • December 4-8, 2017 | Las Vegas, NV

Check out our quarterly newsletters

Subscribe to receive each newsletter directly via email. For older issues, please email a request to US Tax News.

Accounting for Income Taxes: Quarterly Hot Topics
Global Tax Developments Quarterly Newsletter

 

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Vickie Carr

Vickie Carr

US Leader – National Tax Accounting Group

Vickie is the national leader of the Tax Accounting & Provision Services group. As a partner with Deloitte Tax LLP, Vickie has served both public and private companies in various industries for almost... More

Patrice Mano

Patrice Mano

WNT Leader – Accounting for Income Taxes

Patrice is a Washington National Tax (WNT) partner in Deloitte Tax LLP leading the WNT—Accounting for Income Taxes group. She consults with companies on the application of accounting standards such as... More