Simplify your ASC 740 process with Bloomberg Tax Provision
Save time and ensure accuracy with this powerful tax provision software
The most powerful ASC 740 calculation engine on the market, our software solves the technical and process issues involved in calculating your income tax provision – taking manual risks out of the equation.
Incorrect results
Tax provision stands out on your financial statement – with manual calculations, you risk highly visible errors.
Inefficiency
Microsoft Excel is a cumbersome, labor-intensive approach to ASC 740 calculation, ultimately wasting time and money.
Difficult onboarding
Inaccessible history and an untraceable process make training new accountants lengthy and challenging.
Quickly move from facts to footnote with
our unique, integrated balance sheet approach
Accurate calculation
Efficiently and accurately address the entire range of complex ASC 740 technical topics – including uncertain tax benefits (UTBs), ARB 51, quarterly annual effective tax rate (AETR) calculations, robust state computations, and income tax payables.
Fast implementation
With an intuitive design, Bloomberg Tax Provision allows you to complete implementation in weeks, not months.
Simple design
Seamlessly upload your spreadsheet workpaper data with our tax provision software to leverage the work you’re already doing in a layout that’s simple and self-explanatory.
Controlled
With a full audit trail, including review features and user permissions management, you control all aspects of your tax provision process.
Auditor-ready reports
Export reports directly to your auditors in a robust, review-ready Excel output.
Footnotes in a flash
Easily export summarized footnotes for all your ASC 740 financial reporting needs.
Take a moment to learn how Bloomberg Tax Provision can work for you and your company. Video length: 1:47
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See why companies are choosing
Bloomberg Tax Provision
“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
Named in Accounting Today’s
2022 Top New Products
“Products like Bloomberg Tax Provision represent the cutting edge of tools and solutions that are making accountants more efficient, more effective, and more profitable.”
Daniel Hood
Editor in Chief
Accounting Today
Hub: ASC 740 Tools and Resources
From accounting for NOLSs to business combinations, Bloomberg Tax Provision covers the needs of tax professionals. Learn more about how to calculate your ASC 740 tax provision accurately and efficiently with in-depth articles and how-to videos.
Implementation made easy
Certified Implementers of Bloomberg Tax Provision ensure seamless implementation within your current workflow.