Tax Accounting (IAS 12 / ASC 740)

Support with tax accounting processes, provisioning, deferred tax, controls and reporting under IAS 12 and ASC 740.

What this involves

Tax accounting sits at the intersection of technical tax knowledge, financial reporting discipline and process control. In many organizations, the challenge is not only the accounting itself, but also the quality of the underlying data, the consistency of assumptions, the timing of close activities and the level of audit-ready documentation.

We help organizations strengthen the tax accounting process in a practical way. That can include support on quarterly and annual provision cycles, deferred tax analysis, rate reconciliations, process design, controls and the broader reporting workflow around IAS 12 and ASC 740. The goal is a process that is technically sound, better documented and more manageable under close timelines.

Typical challenges

The exact situation differs by organization, but many of the underlying patterns are similar. These are some of the issues we frequently see in practice.

Quarter-end and year-end tax provision processes are highly manual

Deferred tax balances and movements are difficult to track and explain

Supporting documentation is not always audit-ready

Tax accounting depends heavily on a small number of individuals

How we support

Our support is always tailored to the maturity, complexity and immediate priorities of the organization. Depending on the situation, this may include the following areas.

IAS 12 and ASC 740 process support
Current and deferred tax provisioning support
ETR and rate reconciliation support
Documentation, controls and workflow improvement

Discuss your situation

Every organization is different. Let’s discuss your current setup, challenges and priorities.