Bob Scott

Bob Scott

Bloomberg Enhances Fixed Assets

Bloomberg Tax & Accounting has enhanced its Advantage Fixed Assets software to address bonus depreciation calculations for states whose rules do not conform with the Internal Revenue Code. Bloomberg noted many states has disallowed the benefit, partially or in full, since its adoption in 2001.

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Early Tax Results Look Familiar

The first filing statistics for tax season showed only 15,777,000 returns received through January 31—four days of filing. But the overall pattern of figures reported by the Internal Revenue Service resemble the shape of past seasons.

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QBO Offers Non-Accountant Language

Intuit is offering views of QuickBooks Online that offer different terms to accounting professionals and their clients. The company noted this week that in January it began testing Business View, which uses different terms than those designed for accounting professionals.

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