Bloomberg Tax
Modernize your tax practice with integrated, intelligent solutions.
Executive Summary
Bloomberg Tax offers a comprehensive suite of integrated tax solutions designed to streamline the entire corporate tax process. It serves tax professionals in corporations and accounting firms by automating manual tasks, simplifying complex calculations, and providing strategic insights. The platform differentiates itself through its combination of trusted tax intelligence, robust automation, and thoughtful integration strategy, enabling users to mitigate risk and achieve optimal tax positions.
Use Cases
- Automating corporate tax provision calculations (ASC 740).
- Streamlining fixed asset depreciation calculations and management.
- Conducting comprehensive tax research and staying updated on legislative changes.
- Managing multi-state and international tax compliance and reporting.
- Preparing and analyzing complex tax calculations like Corporate AMT, GILTI, and State Taxable Income.
- Optimizing tax planning strategies and minimizing tax liabilities.
Features
Visibility
- Compliance Tracker: Automated tracking and gathering of tax forms, filings, and due dates across multiple entities and jurisdictions, with alerts for approaching deadlines.
- Chart Builders: Instantly create charts to understand complex tax issues like apportionment, filing requirements, VAT, and withholding tax across jurisdictions.
- OnPoints and Roadmaps: Timely visual presentations summarizing critical tax developments, key considerations, and implications for specific business activities.
- Audit Trails: Robust reporting features provide clear audit trails for tax liabilities and calculations.
Intelligence
- AI-Powered Answers: Generative AI provides fast and precise answers to tax questions, supported by primary sources and expert analysis.
- Automated Calculations: Automates complex tax calculations for areas like corporate AMT, GILTI, state taxable income, and ASC 740, reducing manual errors.
- Legislative Updates & Auto-Applied Rates: Automatically applies current state or foreign tax rates for entities and updates formulas based on constant legislative changes and new tax proposals.
- Custom Formulas: Exclusive custom formulas within Workpapers reflect specific tax rules and cite supporting tax law for confident calculations.
Support
- Multi-channel Customer Support: Support available via email, phone, and chat, along with a comprehensive knowledge base and FAQs.
- Training & Professional Services: Offers in-person, live online, and webinar training, along with professional services for implementation, integration, customization, and ongoing support.
- Expert Research & Analysis: Access to practitioner-driven research, Tax Management Portfolios, and expert insights from leading tax professionals.
Technical Specifications
- Architecture
- Cloud-native SaaS
- Deployment
- Cloud/SaaS
- Authentication
- Username/Password, Multi-Factor Authentication (MFA), Single Sign-On (SSO)
- API Available
- No
- MCP Server
- No
Infrastructure
- Not specified
AI/ML Stack
- Generative AI
- Machine Learning
- Natural Language Processing (NLP)
Security & Compliance
Certifications: SOC 1, SOC 2 Type II
Encryption: AES-256 at rest, TLS 1.2 in transit
Pricing
- Model
- Tiered subscription, Custom enterprise
- Starting Price
- Contact sales
- Target Customer
- Mid-market to Enterprise, Advisory Firms, Government
- Contract Type
- Annual
- Free Trial
- Yes, Custom demo (credit card required)
Ratings & Reviews
G2: 4.2/5 (12 reviews) · Capterra: [object Object]/5 · Gartner: [object Object]/5
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.