Tax accounting retrospective
February to June 2015
June 2015
Explore and read more about this issue's highlights:
As part of our continued effort to help organizations navigate through the complexity of today's tax accounting issues, we've assembled a compilation of our Tax Accounting Services' publications released between February 2015 and June 2015.
A brief summary of the publications and links to the relevant documents are included for each topic.
June 2015
PwC has developed a series of thought leadership papers exploring our predictions for the Tax Function of the Future and the main drivers influencing and underpinning them.
In our first paper, we consider the current challenges facing tax, predictions for the Tax Function of the Future, and how the current tax function will have to adapt to support and keep pace with the wider business.
Read the full story.
On June 8, 2015, the FASB issued a Proposed Accounting Standards Update (ASU), Improvements to Employee Share-Based Payment Accounting, to amend ASC Topic 718, Compensation – Stock Compensation. The proposal is part of the FASB's ongoing simplification initiative, which is designed to reduce cost and complexity while maintaining or improving the usefulness of the information provided to the users of financial statements.
Read the full story.
This is the fourth edition in a series focused on companies in distress and the relevant considerations prior to, during, and after a bankruptcy. This edition focuses on important tax planning and accounting considerations for companies in the Chapter 11 bankruptcy process.
Read the full story.
The IRS on May 29 issued Notice 2015-40 requesting comments regarding the possible effects on a taxpayer's tax accounting methods of the new financial accounting revenue recognition standard, "Revenue from Contracts with Customers".
Read the full story.
April 2015
In this release we provide an update on a variety of accounting and reporting developments, including:
We also draw your attention to some significant tax law and tax rate changes that occurred around the globe during the quarter ended March 2015.
Read the full story.
Keeping track of tax law changes around the world has increasingly become a challenge for businesses. Companies are rapidly expanding their geographic footprint at a time when the evolution and developments in jurisdictional tax laws are undergoing nearly constant change. Naturally, changes in tax law have an impact on tax planning, tax return preparation and, ultimately, tax cash flows. Those consequences, however, are often preceded by the impact of such changes on company financial reporting. This publication provides numerous examples to show at what point in the lawmaking process that tax legislation should be considered enacted or substantially enacted.
Read the full story
October 2014
On 26 March 2015, the UK enacted a new taxing regime known as the diverted profits tax (DPT). The new regime levies a tax on ‘diverted' profits generated on or after 1 April 2015. Substantive enactment occurred on 25 March 2015.
Read the full story.
Stay connected to recent tax accounting developments. Explore the TAS to Go app available on iOS, Windows devices and Android.
For questions about income tax accounting matters, please contact your local PwC team, our Tax Accounting Services leaders listed below, or the primary authors of each publication.
Market | Leader | Phone | |
Atlanta | Ben Stanga | (615)-503-2577 | ben.stanga@us.pwc.com |
N. California–San Jose | Ty Kanaaneh | (408)-817-5729 | ty.h.kanaaneh@us.pwc.com |
N. California–San Francisco | Adan Martinez | (415)-498-6154 | adan.martinez@us.pwc.com |
Southern California | Darrell Poplock | (213)-356-6158 | darrell.poplock@us.pwc.com |
Carolinas | Tamara Williams | (704)-344-4146 | tamara.williams@us.pwc.com |
Chicago | Rick Levin | (312)-298-3539 | richard.c.levin@us.pwc.com |
Florida | Rafael Garcia | (305)-375-6237 | rafael.h.garcia@us.pwc.com |
Houston | Maria Collman | (713)-356-5091 | maria.t.collman@us.pwc.com |
Lake Erie | Mike Tomera | (412)-355-6095 | michael.tomera@us.pwc.com |
Michigan | Amy Solek | (313)-394-6767 | amy.j.solek@us.pwc.com |
Minneapolis | Chad Berge | (612)-596-4471 | chad.berge@us.pwc.com |
Missouri | Brian Sprick | (314)-206-8509 | brian.sprick@us.pwc.com |
Northeast | David Wiseman | (617)-530-7274 | david.wiseman@us.pwc.com |
New York Metro | Allen AhKao | (973)-236-5730 | allen.p.ahkao@us.pwc.com |
New York Metro | Gary Pogharian | (973)-236-5696 | gary.m.pogharian@us.pwc.com |
New York Metro | John Triolo | (646)-471-5536 | john.triolo@us.pwc.com |
Ohio, Kentucky, Indiana | Dan Staley | (513)-723-4727 | daniel.j.staley@us.pwc.com |
Pacific Northwest | Suzanne Greer | (206)-398-3339 | suzanne.greer@us.pwc.com |
Philadelphia | Diane Place | (267)-330-6205 | diane.place@us.pwc.com |
Rockies | Mike Manwaring | (720)-931-7411 | michael.manwaring@us.pwc.com |
North Texas | Steve Schoonmaker | (512)-708-5492 | steve.schoonmaker@us.pwc.com |
Washington Metro | Jamie Grow | (703)-918-3458 | james.b.grow@us.pwc.com |