Tax Accounting and Risk Advisory Services

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.

Related topics Tax Tax accounting Tax compliance

The team

Adam Sweet

Adam Sweet

EY Americas Channel 2 Tax Accounting and Risk Advisory Services Leader

New age of tax reporting

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.

 

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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.

  • Tax Accounting Transactions Advisory

     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

  • Tax Accounting Advisory

    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)

  • Tax Accounting Annuity

    Assistance with preparation or review of:

    • Interim and annual tax provision
    • Non-GAAP and management reporting for taxes

  • Tax Risk Advisory

    • 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

  • Additional Services

    • 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 

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