Bringing tax and accounting together with confidence
Tax accounting connects tax requirements with financial reporting. Companies need to account accurately for current and deferred tax positions, provide tax information on time and meet increasingly complex reporting obligations.
Tight reporting deadlines, different accounting standards and new requirements such as Pillar Two increase the need for coordination between Tax, Accounting, Controlling and IT. A lack of standards, inconsistent data or unclear responsibilities can put further pressure on the closing process.
Grant Thornton supports you at this intersection—from accounting for tax matters under HGB, IFRS and US GAAP to tax reporting and closing processes, and the development of governance, data and technology. Together, we establish reliable tax positions, transparent processes and a consistent basis for meeting your tax reporting obligations.
Three perspectives, one integrated solution
Bringing expertise together
We combine tax and accounting perspectives to develop sustainable solutions at the intersection of Tax, Accounting and Reporting.
Making the closing process more efficient
Clear responsibilities, standardised procedures and effective controls support fast, transparent and reliable closing processes.
Making data fit for the future
Consistent data and technology-agnostic solutions make it easier to meet existing and new tax reporting requirements.
Our services at a glance
Complex tax positions require more than a calculation. We combine in-depth knowledge of accounting standards with a clear understanding of the underlying tax matters.
- Calculation, measurement and technical assessment of current and deferred tax positions under HGB, IFRS and US GAAP
- Advice on complex tax accounting and tax balance sheet matters, particularly tax loss carryforwards, tax risks, tax groups and restructurings
- Preparation of technical accounting opinions and support with tax accounting and group accounting policies
Reliable tax reporting depends on clear guidance, consistent data and a well-coordinated closing process. We support you with both the design of the approach and the development of timely technical solutions during the ongoing process.
- Design, preparation and review of tax reporting packages, including consistent guidance for domestic and international group companies
- Preparation of tax-related closing information, including notes to the financial statements, reconciliations and effective tax rate analyses
- Support during the closing process, including quality assurance, troubleshooting and assistance with discussions with the auditor
For transactions and structural changes, tax impacts need to be identified early and reflected consistently in the financial statements. We consider both the immediate accounting effects and the requirements for subsequent processes and reporting.
- Analysis and accounting for the tax impacts of acquisitions, disposals and intra-group reorganisations
- Support with purchase price allocations, particularly accounting for deferred taxes on step-ups and intangible assets
- Tax accounting for transformations, carve-outs, post-merger integrations, IPOs and capital markets projects
Effective tax accounting processes require clear ownership and well-functioning interfaces. We therefore look beyond individual tasks to consider how the organisation, controls, data and closing deadlines work together.
- Analysis and optimisation of tax accounting and tax reporting processes, including fast-close requirements
- Definition of clear roles, responsibilities and interfaces between Tax,
- Accounting, Controlling and local group companies
- Standardisation of procedures, controls and documentation requirements to support efficient, audit-ready processes
Pillar Two cannot be considered in isolation from tax accounting and existing reporting processes. We bring tax and accounting requirements together and help make data reusable across processes and results consistently traceable.
- Analysis and accounting for interactions between tax accounting and Pillar Two, particularly in relation to current and deferred taxes
- Preparation and quality assurance of the accounting and tax data required for Pillar Two and safe harbour analyses
- Development of a consistent data and process foundation for Pillar Two, CbCR, public CbCR, the German E-Bilanz and other tax reporting obligations
Technology adds value when it fits the technical requirements and existing system landscape. That is why we start with what you need to calculate, manage data flows, maintain controls and report—not with a particular tool.
- Development of transparent solutions for calculating and tracking current and deferred taxes
- Technology-agnostic support with the selection, technical design and implementation of suitable tax accounting and tax reporting solutions
- Optimisation and automation of data flows and interfaces with ERP, consolidation, reporting and tax return systems
Our awards
