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Bloomberg Tax Provision

The perfect balance of power and flexibility

Leverage technology that can accommodate even the most complex provision calculations while maintaining the flexibility to adapt to any business’ entity structure.

Integrated data model

Our system automates calculations across the entire tax provision lifecycle and applies adjustments so they’re guaranteed to tie out – all within a cleanly designed interface that is intuitive to use.

Audit ready tax provision

With a modern tool designed specifically for tax provision, by tax professionals, you can send reports directly to your auditors in a review-ready format that answers their questions before they even ask.

Automate Tax Provision and Workpapers with Confidence

Streamline your tax processes with integrated solutions that save time, reduce errors, and simplify compliance.

Automate repetitive calculations

Our system automatically runs your ASC 740 tax provision calculation and applies adjustments to your rate rec and all other related schedules so they’re guaranteed to tie out.

Deliver audit-ready reports

Export robust reports for your income tax provision directly to your auditors in a review-ready Excel output.

Achieve total control

Control all aspects of your tax provision process with a full audit trail, including review features, user permissions management, and automatically updated tax rates.

Jump in without missing a beat

Easy-to-use templates make it simple to upload data from your existing workpaper into Bloomberg Tax Provision.

Export footnotes with ease

Quickly export footnote detail that’s purpose-built for the required financial statement tax footnotes and disclosures.

Comply with confidence

Adherence to ASC 740 provides a jurisdiction-by-jurisdiction calculation and presentation — no need for a blended state calculation.

Guide to ASU 2023-09

Get the details behind key updates to ASU 2023-09 that significantly impact your current process for calculating income tax provisions and preparing disclosures. Download the report to learn more.

“Bloomberg Tax Provision significantly reduced the time we spend on a provision. I saved close to a month over the time it used to take working in Excel.”

Sherri Throop
Tax and Financial Reporting Manager
Novo Building Products

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“I’ve done implementations of other software, and this one was hands-down the easiest to get the hang of. It was just a matter of weeks before we had full implementation and re-creation of our prior year provision ready to go.”

Corporate Tax Manager
Flexential

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“We can compare prior to current quarters. Or if changes arise that need to change the comparative rate rec, you can identify those differences to make sure you’re comfortable with everything before you book entries.”

Director of Tax and Accounting

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