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B’berg Links Assets, Workpapers

Bloomberg Tax & Accounting has introduced an integration between its Bloomberg Tax Fixed Assets and Tax Workpapers. 

The company describes the link as enabling customers to utilize self-service automation to prepare, cleanse, and transform data from ERP packages directly into the Fixed Assets system. Bloomberg says the integration provides greater visibility into data while offering more control over the processes.

 The update also includes a feature for applying cost segregation study results to assets within the Fixed Assets software for the calculation of 481(a) adjustments necessary for Form 3115 compliance. 

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