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Bloomberg Tax Provision Enhanced

Wednesday, Jan 12 2022
Tax
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The Bloomberg Tax Provision has been automated for full valuation allowance and an upload template for performing a payable true up report. The enhanced software is based on the Tax Prodigy Provision, acquired last year.

Also, users can now define an “issue” within their tax provision such as an IRS audit, an amended return or an error correction and track elements of the provision that are impacted by the issue including the impact on the rate reconciliation.

Bloomberg says the application addresses the entire range of complex technical topics of provisioning, including unrecognized tax benefits, quarterly annual effective tax rate calculations, and income tax payable.

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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