TP Adjustment Calculations
The process of recalculating prices in intercompany transactions to align them with the arm's length standard.
TP Audit
An examination by tax authorities to ensure that a company's transfer pricing complies with relevant regulations and guidelines.
TP Certification
A formal recognition by a tax authority that a company's transfer pricing methods and documentation meet compliance standards.
TP Compliance
Adherence to transfer pricing regulations, methods, and documentation requirements to avoid penalties and disputes.
TP Compliance Checklist
A list of items or actions to be reviewed and verified to ensure that a company's transfer pricing practices are in compliance.
TP Compliance Framework
A structured approach to ensuring that a company's transfer pricing practices and documentation are in compliance with tax regulations.
TP Compliance Manual
A document outlining a company's transfer pricing policies, methods, and procedures to achieve compliance.
TP Compliance Review
A process of assessing and verifying that a company's transfer pricing practices align with regulations and guidelines.
TP Compliance Software Solutions
Software tools designed to aid in the preparation and management of transfer pricing documentation and compliance.
TP Contemporaneous Documentation
Records and documentation prepared at or near the time of a transaction to support transfer pricing compliance.
TP Cost Allocation
The allocation of shared costs or expenses among related entities in compliance with the arm's length principle.
TP Disclosure Requirements
Mandatory reporting of transfer pricing information to tax authorities, often through specific forms or disclosures.
TP Documentation Standards
Established criteria for the quality and content of transfer pricing documentation, which can vary by jurisdiction.
TP Economic Analysis
An evaluation of the economic factors and conditions influencing intercompany transactions for transfer pricing compliance.
TP Impact Assessment
An evaluation of how changes in transfer pricing practices or regulations will affect a company's financial results.
TP Invoicing
The invoicing process between related entities, subject to transfer pricing regulations, to determine appropriate prices.
TP Legislation
Laws and regulations that define the rules and requirements for transfer pricing within a specific jurisdiction.
TP Litigation
Legal disputes and challenges related to transfer pricing that may require resolution through legal processes.
TP Litigation Support
Assistance provided to companies involved in transfer pricing disputes, often by experts or legal professionals.
TP Methods
Prescribed approaches for determining the arm's length price in intercompany transactions, such as the CUP, CPM, and TNMM methods.
TP MSA (Master Services Agreement)
A contract specifying terms, conditions, and pricing for services provided between related entities in transfer pricing compliance.
TP Penalties
Financial sanctions or fines imposed on companies for non-compliance with transfer pricing regulations or documentation requirements.
TP Planning Strategy
A proactive approach to designing intercompany transactions and pricing to ensure compliance with transfer pricing regulations.
TP Policy Development
The process of creating and implementing a company's transfer pricing policies to ensure compliance with tax authorities.
TP Regulatory Changes
Amendments or updates to transfer pricing laws, regulations, and guidelines that may impact a company's practices.
TP Risk Assessment
An evaluation of the risks associated with a company's transfer pricing practices and potential consequences.
TP Risk Management
Strategies and procedures for mitigating risks associated with transfer pricing, including compliance and audits.
TP Software Solutions
Software tools and applications designed to streamline and manage transfer pricing documentation, compliance, and analysis.
TP Statutory Compliance
Compliance with statutory regulations and requirements related to transfer pricing in a specific jurisdiction.
TP Study Report
A comprehensive report documenting a company's transfer pricing analysis, policies, and compliance efforts.
TP Tax Planning
Strategies for optimizing a company's tax position through transfer pricing, considering local tax laws and international agreements.
TP Transfer Pricing Strategy
A cohesive plan for managing transfer pricing, encompassing pricing methods, documentation, and compliance to align with business goals.
Trade Settlement
The process of finalizing a financial transaction, often involving the exchange of assets or currencies.
Treasury Rate
The interest rate on government-issued securities, influencing borrowing costs for governments and serving as a benchmark for financial markets.
T-Account
T-Account: A simplified way to represent ledger accounts in double-entry accounting.
TAKT Time Formula
A calculation used in production scheduling to determine the rate at which products need to be produced to meet demand.
Tangible Book Value
A company's book value includes only tangible assets, excluding intangible ones.
Tax Amendments
Changes or corrections made to a previously filed tax return.
Tax Credits
Reductions in tax liability that directly reduce the amount of tax owed.
Tax Data Identity Protection
Measures to protect personal and financial data from identity theft and tax fraud.
Tax Deduction
An allowable expense/item that can be subtracted from taxable income to reduce the amount of income subject to taxation.
Tax Disputes
Conflicts or disagreements between taxpayers and tax authorities regarding tax liability or compliance.
Tax Evasion
The illegal act of intentionally underreporting or hiding income to reduce tax liability.
Tax Exempt
Exempt from paying certain taxes, often applicable to non-profit organizations.
Tax Return Rejection Codes
Codes used by tax authorities to indicate reasons for rejecting a filed tax return.
Tax Shelter
A legal strategy or investment used to reduce or defer tax liabilities.
Tax Transcript Email Scam
A fraudulent email scheme that impersonates the IRS and requests sensitive tax information.
Tax Withholding
The amount of tax taken from an employee's paycheck and remitted to tax authorities by the employer.
Taxable Income Thresholds
The income levels at which taxpayers become subject to specific tax rates or deductions.
Taxable Municipal Bonds
Bonds issued by municipalities that are subject to federal income tax.
Temporarily Restricted Net Assets
Assets held by a non-profit organization with restrictions on their use that expire over time.
Tenancy In Common
A form of property ownership where multiple individuals have an undivided interest in the property.
Three-Way Matching
A process in accounts payable that matches purchase orders, invoices, and receiving reports to ensure accuracy.
Time And A Half
Overtime pay at one and a half times the regular hourly rate, often applicable to non-exempt employees.
Time-Billing
A billing method in professional services that charges clients based on the amount of time spent on a project.
Trade Creditors
Suppliers or vendors to whom a company owes money for goods or services.
Trade Debtors
Customers who owe money to a corporate for goods/services provided on credit.
Trade Discount - 2/10 in Accounting
A discount offered by a seller to a buyer as an incentive for early payment.
Transferred In Cost
Costs that are transferred from one cost center or department to another within a company.
Trial Balance
A list of all ledger account balances used to ensure that debits equal credits in double-entry accounting.
Triple Net Lease (NNN)
An agreement (lease) in which the tenant is responsible for property taxes, insurance, maintenance costs, and rent.
Troubled Debt Restructuring
A modification of a debt arrangement when a debtor is in financial distress.
Trump Tax Plan
Tax policies and reforms implemented during the presidency of Donald Trump.
Turnover Ratios
Financial ratios measure a company's efficiency in managing its assets, inventory, and accounts receivable.
