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The Tax Accounting and Risk Advisory Services (TARAS) network of dedicated professionals works seamlessly to assist your business with all aspects of financial and sustainability reporting for tax, helping to improve overall performance.
The tax landscape continues to change at a relentless
pace, and tax is playing a central role across the entire
business. See how the EY TARAS practice can help
you overcome challenges, gain efficiency and elevate
the value of your tax function.
What EY can do for you
TARAS professionals around the globe, supported by three Area Tax Accounting Centers, can analyze large amounts of multijurisdictional data to advise on intricate tax issues. They support businesses by preparing accounting calculations, researching technical issues, advising on complex planning and transactions, implementing and remediating processes and controls and advising on sustainability matters. TARAS professionals also provide overall tax accounting advisory services on the company's tax accounting issues, policies, processes, procedures and controls and help educate in tax accounting.
Assistance with preparation or review of tax accounting for:
Acquisitions
Dispositions and carveout financial statements
Restructurings
Bankruptcies and Fresh Start accounting and distressed companies
Initial public offering (IPO) and special purpose acquisition company (SPAC) transactions
Unique transactions and business changes
Assistance with preparation or review of:
Tax accounting analysis on a single, specific issue, to complex multijurisdictional planning spanning multiple reporting periods
Tax account documentation, reconciliation and US GAAP-IFRS conversion
Tax accounting for new accounting standards and tax laws
BEPS 2.0 implementation and operation
Sustainability tax reporting (e.g., public country-by-country reporting, total tax paid, total tax and economic contribution)
Assistance with preparation or review of:
Interim and annual tax provision
Non-GAAP and management reporting for taxes
Design and implementation of tax reporting processes and internal controls
Assistance with environmental, social and governance (ESG) tax reporting
Tax risk assessment and advice on actions to manage risks
Ad hoc tax accounting and reporting assistance, such as assessing business changes, complex transactions, regulatory developments, or process and controls matters
Customized client-specific tax accounting and reporting training as well as classroom-style courses across topics including new business issues, tax developments, tax risks, tax process and controls and more
With BEPS 2.0 due to come into force in late 2023/early 2024, tax accounting teams prepare for Pillar Two rules on global minimum taxation. Learn more.
The EY DNA of the CFO Survey identifies key priorities for CFOs to drive bolder change in their finance teams and deliver better performance. Learn more.