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US Tax Reform Services
Move forward with confidence
The new tax reform law raises many questions and potential complications. But it can also bring promising new opportunities. The path forward begins here.
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- Tax Reform Services for the path forward
- Understand your starting position
- Analyze and model your options
- Plan and take action
- Monitor and adjust
- Helping you stay ahead of tax policy developments
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- Join the conversation
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Create a course for today, tomorrow, and beyond
Tax Reform Services for the path forward
Tax reform is a journey that reveals challenges and opportunities at each stage. Your journey begins by understanding your starting position; it takes on meaning as you analyze your options; it advances as you plan and execute your next steps; it keeps the destination in view through vigilant monitoring.
Understand your starting position
Every journey starts where you are right now. But where exactly is that in this new tax landscape? Deloitte brings together the broad scope of our capabilities to analyze your current state through the lens of tax reform. We’ll look across your business to uncover the potential opportunities and unexpected impacts that tax reform presents.
This may include reviewing your tax accounting methods, analyzing your multinational tax planning, evaluating your global employment programs, understanding the effects on HR and global mobility programs, or considering how to account for and disclose the potential impacts on your financial reporting. Also, are you prepared to address how tax reform will impact all 50 states? By digging deeper and looking wider, you’ll gain a better understanding of your business and its potential to address and capitalize on tax reform.
Analyze and model your options
Using our state-of-the-art modeling tools—including our web-based Tax Reform Navigator (TRN)—Deloitte Tax professionals provide robust scenario analysis and customized reporting for new and existing tax provisions including GILTI, FDII, BEAT, interest expense limitations, and international tax. We combine these capabilities with our policy insights, tax reform advisory services, and knowledge of your business to reveal how tax reform could impact your organization and its future direction.
We can help you analyze relevant provisions in the new law and consider your options under these new conditions. Should I move from a partnership to a C corporation? How does tax reform impact the structuring or synergies related to M&A? Exploring these kinds of questions helps you understand the implications for your business—not just for this tax year, but for many to come—and make informed decisions.
Plan and take action
The tax reform law is chock full of new and amended provisions. Understanding how all these provisions are interrelated with each other and with existing law is critical to assessing the new complexities of your own tax picture.
Your Deloitte team will work with you to model the impact of new tax provisions, analyze the potential tax reform impacts, and create options to consider for moving forward. We’ll help you go from “now what?” to next steps by providing the clarity you need to focus your planning and execution on the issues that matter most to your company’s well-being.
Monitor and adjust
Now that the tax reform legislation has been enacted into law, congressional leaders may have to spend a good part of the coming year(s) making modifications to ensure it works as intended.
Our tax policy team is continuously monitoring legislative changes and clarifications. Along with our experienced team of on-the-ground specialists, they are uniquely qualified and ready to help you analyze the implications of modifications and adjust your strategic tax plans as changes happen.
Helping you stay ahead of tax policy developments
An integral part of our Washington National Tax practice, Deloitte’s Tax Policy group provides perspective on the latest corporate tax developments coming out of Congress, the IRS, the Treasury, and the federal courts.
Our Tax Policy team identifies, evaluates, and monitors legislative proposals. And we interpret the practical issues surrounding the application of tax proposals so clients can plan and act with confidence as circumstances change.
The impact of tax reform (H.R. 1)
Should you convert your partnership or S corp to a C corp?