Tax Accounting Services

Tax Accounting Services

The right accounting methods go a long way.

The right accounting methods go a long way.

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

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates.

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Tax Innovation

Discover how KPMG tax professionals can help your tax function harness data & analytics to address complex problems and take advantage of technology innovation.

 
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Outlook for U.S. Tax Reform

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Accounting for Revenue is Changing

The clock is ticking. The new revenue recognition standard could have substantial tax consequences - will you be ready?

 
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Fixed Assets

With experienced professionals and proprietary technology tools, KPMG’s dedicated Fixed Asset Services team provides a full range of services to help capital-intensive companies drive tax savings, return on investment and compliance.

 
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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.

 
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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.

 
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