Manage tax accounting issues and focus on strategic tax aspects of the business
Companies are facing increased strain on their tax accounting and reporting professionals. Financial restatements, increased regulatory scrutiny over income tax disclosures and account balances, compressed close cycles, as well as new reporting considerations and standards have increased organisational needs for tax accounting.
Our tax accounting professionals help you achieve better control over tax accounting and consolidation issues to meet the needs of your business.
Accurate tax reporting
Increased scrutiny on tax paid by multinational companies highlights the need to have accurate tax reporting and appropriate tax accounting disclosure in your groups’ financial statements. Complex deferred tax calculation, enhanced current and deferred tax documentation requirements under IFRS and US GAAP, multi-territory tax reporting, uncertain tax position (UTP) documentation and complex tax transactions intensify the need to master every aspect of your tax accounting.
What your needs may be:
- Produce accurate and timely tax reporting;
- Seek for clear UTP documentation;
- Prepare current and deferred tax computation;
- Document and monitor your tax accounting reporting;
How we can help you
- We review temporary deferred tax balances and return-to-provision (RTP) adjustments for group consolidation purposes;
- We coordinate global or EMEA tax accounting reporting;
- We document and reconcile tax numbers in preparation of the audit;
- We review specific items of Luxembourg structures having an impact on the effective tax rate (ETR), accounting for UTP, including FIN 48, tax accounting of expenses subject to recapture and tax losses, as well as ETR further to group restructuring;
- We perform health check analysis and review of the current and deferred tax balances for specific countries;
- We anticipate major cross-border tax issues associated with new tax developments.
