Tax Accounting
The right accounting methods go a long way.
Greg Bocchino
Partner, National Leader, Tax Accounting Services, KPMG (US)
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Listen to our recent webcast on the final regulations under section 263A, which were released on November 19, 2018 by the IRS and Treasury.
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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
Final 263A Regulations
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.
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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.
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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.
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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.
