Tax Automation

FEATURED PRODUCT

Bloomberg Tax & Accounting Fixed Assets

Automate your approach to fixed assets. Expertly manage the largest expenditure on your company’s balance sheet with efficiency and confidence.

Increasing Accuracy and Driving Efficiency in the Tax Department

Automating your company’s tax processes is essential in today’s complex tax landscape now more than ever. Tax automation allows for greater transparency, gives hours back to your staff by eliminating mundane tasks, reduces calculation errors, and ensures that you are complying with the latest tax code.

Look to Bloomberg Tax & Accounting Fixed Assets to solve your toughest tax challenges. Our built-in processes transform data, facilitate workflows, and provide automatic calculations for financial statement and tax accounting.

Related Resources

 

REPORT

Anatomy of a Material Weakness

Identify whether the CARES Act triggered a material weakness in your financial reporting and explore the impacts of changes to net operating loss rules, state conformity decisions, and other tax law changes.

REPORT

10 Steps to Implement Tax Automation for Fixed Assets

Address data management and other pressing challenges with tax automation. Before taking the leap, follow these best practices for a streamlined implementation. You’ll learn tips for evaluating solutions, achieving buy-in, and setting expectations.

REPORT

Cost Segregation and Fixed Assets

Putting a solid cost segregation strategy in place can yield significant benefits, including faster cost recovery using accelerated depreciation methods. This tactic has become even more valuable following the Tax Cuts and Jobs Act’s bonus depreciation opportunities and the CARES Act’s changes to net operating loss rules. Get insights on eliminating pain points and standardizing workflows.

WEBINAR

Preparing for Busy Season: Tips for State Tax Depreciation

Don’t waste time figuring out state depreciation modifications this busy season. Bloomberg Tax & Accounting Fixed Assets can do the work for you with our state depreciation feature. Learn how to create and customize CA and NY books; report on bonus modification in IL, FL, MN, and NC; and more.

WEBINAR

Building the Business Case for Tax Automation

Join Bloomberg Tax & Accounting’s Product and Professional Services teams to learn how to effectively put a value on your automation goals.

VIDEO & WHITE PAPER

Top Ten Fixed Assets Challenges

Getting your fixed asset management wrong can lead to costly inefficiencies; longer quarterly or year-end closings, and poor internal controls causing material weaknesses and audit risks. But getting it right can lead to valuable tax savings opportunities, new efficiencies, and better bottom lines.

Watch The Top Ten Fixed Assets Challenges video and download the whitepaper.

RESOURCE HUB

State Bonus Depreciation Conformity Resource Hub

Access resources related to state bonus depreciation — a list of states and their conformity with federal bonus depreciation rules, webinars, articles, and special reports.

WEBINAR

Unpacking the Challenges of State Tax Depreciation

In the area of fixed assets, state non-conformity isn’t as simple as “bonus/no-bonus”, and practitioners need to be aware of the various treatment of fixed assets depreciation across the 50 states. Listen to Bloomberg Tax & Accounting experts for an in-depth dive into the treatment of fixed assets depreciation at the state level.

WEBINAR

Getting Creative to Tackle the Challenges of Tax Regulatory Changes

The pace of regulatory changes seem to be ramping up. Accounting changes impact tax and tax changes impact accounting work. Business processes and financial controls are frequently broken by these changes which presents new opportunities to review process and streamline workflows. Ulta Beauty Tax Manager Janet Techman joins Bloomberg Tax & Accounting to share real world lessons learned and how automation reduced work load while improving turn-around time, accuracy, and financial controls.

Top Ten Fixed Assets Challenges

Are you surviving or thriving in meeting today’s fixed assets challenges?  Learn how to minimize risks, maximize rewards, and track with confidence.

Customer Resources

Access to this information requires a subscription to Bloomberg Tax & Accounting Fixed Assets. Click here to request a demo or sign in.


TOOLS

Fixed Assets State Books & State Reports

Take the hate out of calculating for state and leave spreadsheets behind. Create books and reports to calculate fixed asset bonus depreciation for the most complicated states.

How to create a state book

How to create a state report

Manage State Bonus Depreciation with Bloomberg Tax & Accounting Fixed Assets

Go past simple “no-bonus” calculations to handle the complex calculations for non-conforming states.

See It for Yourself.

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