ASC 740 Center of Excellence

Putting KPMG’s Accounting for Income Taxes experienced tax professionals at your fingertips

French Taylor

French Taylor

National Service Line Leader, Business Tax, KPMG US

+1 214-840-4148


Accounting for income taxes  


Accounting for Income Taxes continues to be one of the leading causes of financial statement weakness, deficiencies and restatements. The critical audit matters communication in the auditor’s report continues to highlight the complexity and challenges companies have accounting for income taxes under ASC 740 and IAS 12.

Tax departments are expected to do more with less against the backdrop of accelerated reporting deadlines, business, legislative and regulatory changes, including adoption of new accounting standards, and global tax reform. These factors create a high-risk environment that tax leaders are required to manage.

The KPMG national ASC 740 Center of Excellence (COE) offers a variety of integrated processes and technology solutions that can assist tax departments with their most complex challenges and needs through the deployment of highly technical experienced tax professionals, resident in KPMG offices throughout the US. The US teams liaise with our international collogues to bring a global delivery of service to meet the needs of tax departments of multinational companies. The COE services are supported by the KPMG Washington National Tax Services group as well as our National Office. 


Our technical knowledge


The ASC 740 Center of Excellence bring a variety of experiences and solutions, technical analysis and risk mitigation solutions to meet the needs of our clients.

Whether you are accounting for income taxes under US GAAP or IFRS, the COE services are tailored to meet your specific needs by assisting clients with:

  • Preparation (review) of quarterly and annual income tax provision, including:
    • accounting for uncertain tax positions,
    • accounting for business combinations, 
    • valuation allowance analysis, 
    • and fresh start accounting
  • Tax process redesign
  • SOX control redesign and remediation
  • Data collection and management
  • “On-call” accounting for income tax consultation
  • Tax provision software implementation
  • Loan staff



Tax provision scenarios are unique to each company. Our highly technical team brings a tailored approach to meet the specific business needs of each client we serve. The COE is well equipped to tailor a solution to address the specific needs and objectives of your tax function.




Stay up to date with KPMG publications & podcasts


Accounting for Income Taxes Bulletin

This publication is issued to highlight developments and other items of interest to professionals involved with accounting for income taxes matters.

Handbook: Accounting for income taxes

KPMG’s guidance on and interpretation of ASC 740. KPMG explains the accounting for income taxes in detail, providing examples and analysis.

Financial Reporting View - Quarterly Outlook

This quarter’s publication features the accounting and financial reporting impacts of COVID-19 including related SEC and FASB developments.

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