Bloomberg Tax Provision
Automate corporate tax provision calculations for accuracy and compliance.
Executive Summary
Bloomberg Tax Provision is an automated software solution designed to streamline and enhance corporate tax provision processes. It offers robust capabilities for multi-entity consolidation, precise deferred tax calculations, and integrated compliance workflows, making it an indispensable tool for navigating complex ASC 740 requirements. The software facilitates seamless data integration, allowing users to easily upload information from existing workpapers using intuitive templates. It automates intricate calculations, provides clear line of sight into effective tax rate calculations, and applies necessary adjustments to ensure accuracy. This automation significantly reduces manual effort and the risk of errors inherent in traditional spreadsheet-based methods. Ultimately, Bloomberg Tax Provision helps tax teams save time, minimize risk, and ensure thorough, compliant reporting. It empowers tax professionals to transform their tax function by providing a powerful, intelligent platform for managing the entire tax provision lifecycle.
Use Cases
- Automating ASC 740 tax provision calculations for corporate entities.
- Consolidating tax data across multiple entities for a unified provision.
- Performing deferred tax calculations and managing related adjustments.
- Ensuring compliance with tax regulations and reducing reporting risk.
- Streamlining the integration of tax data from existing workpapers.
Features
Visibility
- Consolidated Provision View: Offers a unified dashboard for tax provision data, calculations, and key metrics, providing clear line of sight into effective tax rate analysis.
Intelligence
- Automated Calculation Engine: Utilizes advanced automation to perform complex tax provision calculations, reducing manual effort and ensuring accuracy.
Technical Specifications
- Deployment
- SaaS
AI/ML Stack
- AI-powered solutions
Integrations
- Research
- Tax calculations
- Fixed asset management
- Provision reporting
Pricing
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
- Contract Type
- Annual
- Free Trial
- No
About Bloomberg Tax
Bloomberg Tax provides tax research, news, and workflow solutions for tax professionals. The platform is part of Bloomberg Industry Group and offers comprehensive tax information and compliance tools.
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