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Fixed Assets Software With CARES Act Considerations

In response to the sharp decline in economic activity over the past few months, the CARES Act was implemented by Congress to ease further potential losses. Bloomberg Tax & Accounting’s Fixed Assets software is designed with flexibility in mind to help you crack the code on Sections 168(k) and 163(j), GILTI, and BEAT during this uncertain time. Our software includes built-in tax law to model the impacts of bonus depreciation, compare multiple scenarios, and more.

Our comprehensive fixed assets software:

  • Allows changes to bonus depreciation at any point in the year without impacting previously reported numbers
  • Helps you navigate electing out of bonus in future years with an open timeline that shows an asset’s whole life
  • Gives the flexibility to easily elect out of bonus for individual asset classes by company or line of business
  • Compares the outcomes of different options of fixed assets depreciation around QIP, GILTI, and BEAT

Crack the code and maximize opportunities with Bloomberg Tax & Accounting’s Fixed Assets software.

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