Be Confident in Your Tax Provision Every Time – Without All the Stress and Worry
Outdated provision software and processes cause too many issues and risks. Bloomberg Tax Provision is the modern solution – automating complex calculations for accurate provisions that always tie out.
Tax provision made easier
The perfect balance of power and flexibility
You now have access to technology that can accommodate even the most complex provision calculations while maintaining the flexibility to adapt to any business structure.
Cleaner, simpler, and faster calculations
Our system automates calculations across the entire tax provision lifecycle and applies adjustments so they’re guaranteed to tie out – all within a clean design that feels intuitive to use.
Better audits with less stress
With a modern tool designed specifically for tax provision, you can send reports directly to your auditors in a review-ready format that answers their questions before they even ask.
The right tool can change everything
Bloomberg Tax Provision software is years ahead of any other tool in its class, designed to meet the needs of today’s tax professionals.
Run complete 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, helping you close quickly and confidently.
Deliver audit-ready reports
Export robust reports for your income tax provision directly to your auditors in a review-ready Excel output.
Have total control
You can control all aspects of your tax provision process with a full audit trail, including review features and user permissions management.
Easily export footnotes
Quickly export footnote detail that’s purpose-built for the required financial statement tax footnotes and disclosures.
Jump in without missing a beat
Easy-to-use templates make it simple to upload data into our provision software so you can leverage your existing workpapers.
Getting started is simple
And so is everything else
1. Get a demo
Get a firsthand look at how our provision solution will transform your work and address your specific needs.
2. Implement in four weeks
With a revolutionary implementation process, it takes only four guided sessions to onboard your team. These can take place weekly, so you can be fully up and running in the first month.
3. End the stressful cycle
As long as you’re using Bloomberg Tax Provision, you can work confidently and rest well, knowing your calculations are correct.
Take a moment to learn how Bloomberg Tax Provision can work for you and your company. Video length: 1:47
Better (and faster) than last year
It’s tempting to think you don’t have time to improve your process and get better tools. But consider how much your current process is costing you. With the time and frustration you save using Bloomberg Tax Provision, you’ll feel less stressed and have more bandwidth to focus on higher-value activities. At least, that’s what our users say.
“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
“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
Automate your tax provision
Save time by automating workflows across the tax provision lifecycle. Automate m-adjustment calculations, reconcile tax payable accounts, compute journal entries, and more.
Discover the new generation Bloomberg Tax suite
Our best-in-class Bloomberg Tax Provision product is only one of our innovative tax solutions that change the game for tax department productivity and intelligence. Our suite of integrated tax solutions automates tedious work, minimizes risk, and frees up our customers’ time to do more strategic work.
Workpapers Software
Automatic data transformation and time-saving tax-specific functions give you complete control of your workpapers.
Flagship Research Platform
The gold standard of reliable and timely tax insight, delivered on an intuitive platform.
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Cloud-based asset management tool that automatically and accurately calculates depreciation.