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Tax Advisory and Compliance
Participants will examine important developments and their potential effects on financial reporting for income taxes
Key takeaways
Host: Jay Morris, partner, Deloitte Tax LLP
Presenters:
Caitlin Foster, senior manager, Deloitte Tax LLP
Alice Loo, managing director, Deloitte Tax LLP
John Ruan, senior manager, Deloitte Tax LLP
1.0 Overview CPE credit | Accounting
What income tax accounting matters should organizations be thinking about in 2025, and how can they prepare? In this session, we’ll take a look at several areas that organizations should be considering in 2025. We’ll discuss:
- Tax accounting for the 2024 Section 987 regulations
- The financial statement impact of the January OECD administrative guidance on Pillar Two
- Tax accounting considerations related to other legislative developments
Jay Morris
Deloitte - United States
Jay is a senior partner in the New Jersey office. Prior to taking the role as Tax Accounting & Provision Services NCL, he served as the East Region Tax Accounting Competency Leader. Jay has more than 25 years of experience serving as either Lead Client Service Partner or Lead Tax Partner on several large, multi-national clients across numerous industries including financial services, technology, and consumer business. A frequent speaker externally on ASC740 matters, Jay is also heavily involved in national training events.
Alice Loo
Deloitte - United States
Alice consults with companies on the application of US Generally Accepted Accounting Principles (GAAP) Accounting Standards Codification (ASC 740) involving various topics such as business combinations, equity compensation, and intra-period allocation. Alice was previously on a two-year assignment with Deloitte China, during which she provided technical knowledge and experience on the application of US accounting standards. Alice contributes to the development of technical content for Deloitte’s internal and client training programs. She is a frequent instructor on accounting for income tax topics at all levels of Deloitte training in the US and China and has spoken at programs organized by the Tax Executives Institute, American Chamber of Commerce in Shanghai, and CPA Australian (Shanghai) Limited. She has been published by The Tax Executive. Alice received a BS in economics from Duke University, a MAcc from University of North Carolina at Chapel Hill, and an MS in taxation from Golden Gate University.