At no time is this adage truer than when it comes to selecting the right accounting method. After all, your tax accounting decisions directly impact your cash flow, your tax liability and your reporting obligations.
KPMG’s Tax Accounting Services (TAS) team can help you evaluate your overall tax position, identify tax deductions or income deferrals, and recommend the appropriate accounting methods for your organization.
Our services address the procedural and the technical aspects of:
We also provide services related to permanent deductions, including:
The final section 263A regulations released on November 19, 2018 address the treatment of “negative adjustments” in computing the amount of additional 263A costs that are allocated to ending inventory for federal tax purposes.
Reimagining tax...combining KPMG's tax experience with IBM Watson's cognitive capabilities, discover corporate tax benefits and risk with greater confidence.
With tax reform, Congress took a bite out of the meals and entertainment deduction. Now more than ever, companies should consider performing an in-depth analysis to comply with the law and capture potential benefits that may otherwise be left on the table.