Financial Accounting Standard (FAS) 109 has many moving pieces that can keep you up at night. From the basic FAS 109 computation and the data that feeds it, to your treatment of foreign income, the effects of merger & acquisitions and your tax reserve analysis, there are countless complications that can have an impact on your effective tax rate now and in the future.

Add to all of this the requirement for expanded financial statement disclosures about income taxes, and you realize that accounting for income taxes never has been so challenging.

Rely on the Deloitte Tax LLP professionals who understand FAS 109 from both tax and accounting perspectives. We can support your planning and compliance efforts with a global network of FAS 109 professionals. We not only understand the issues but also offer insightful, innovative and proven solutions in the following areas:

FAS 109 compliance consultation and cosourcing — Enable your tax department to focus more time on high value planning and less time on compliance and calculations.

Effective tax rate analysis and benchmarking — Help improve the accuracy and timeliness of your effective tax rate projections and know where your company stands relative to its competitors.

Internal controls assessment and solutions — Be confident of compliance with Sarbanes-Oxley requirements and other emerging regulations.

Related resources
Uncertainty in Income Taxes—A Roadmap to Applying Interpretation 48—Clear explanations, easy-to-follow examples, and a detailed six-step approach can help you adopt FASB Interpretation 48. 

Chateau 109: Accounting for Income Taxes— Our FAS 109 handbook describes the right blend of managing global income tax provision processes and international tax planning.

The Many Moving Pieces of FAS 109— Answers to complex and challenging questions.

FAS 109 training — Improve your in-house team’s capabilities, from compliance and planning to information technology and internal controls.

FIN 48 lessons learned — Find out how enterprises have dealt with FIN 48 in the past year and what challenges lie ahead.