Tax Accounting

The right accounting methods go a long way.

Greg Bocchino

Greg Bocchino

Partner, National Leader, Tax Accounting Services, KPMG LLP (US)

+1 212 872 6876

Knowledge pays

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:

  • Income recognition
  • Expense recognition
  • Cost recovery of capitalized items
  • Inventory accounting
  • Mergers & acquisitions
  • Earnings & profits

We also provide services related to permanent deductions, including:

  • Section 199 (Domestic Production Activities Deduction)
  • Meals & entertainment
  • Lobbying expenses
  • Medical device excise tax

 

Latest news and insights

 

 

 

In this video, Melissa Abel of the firm’s Washington National Tax group provides an overview of calculating the meals and entertainment expense deduction. She also reveals how the expense deduction has changed due to the recent U.S. tax reform bill.

 

 

Research credit and meal and entertainment services

Reimagining tax...combining KPMG's tax experience with IBM Watson's cognitive capabilities, discover corporate tax benefits and risk with greater confidence.

 

 

Meal and entertainment services in a post tax reform environment

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.

 

 

Do You Have Domestic Manufacturing and Production Activities?

Don’t leave potential tax savings on the table. KPMG's Section 199 team of professionals can help companies across a spectrum of industries.

 

 

Not All Lobbying Costs are Nondeductible

We’re well-versed in rules that address what costs are disallowed for federal, state and local lobbying costs.