A perfect tax provision tool
Calculating the provision for income taxes under ASC 740 presents a difficult technical challenge. Tax rate changes, new corporate facts, and valuation allowances for deferred tax assets can cause the total income tax provision calculation to change. Watch our on-demand valuation allowances webinar to learn more about the basic concepts of accounting for valuation allowances, including sources of taxable income, evaluating positive and negative evidence, and the tax consequences of valuation allowances.
As the market’s most powerful tax provision software, Bloomberg Tax Provision offers a complete ASC 740 tax provision solution, allowing corporate tax practitioners to easily handle valuation allowances. Request a demo to see how Bloomberg Tax Provision untangles ASC 740’s complexity.