Bloomberg Tax Provision is a tax provision solution that helps corporate tax teams calculate, document, and manage income tax provision work under ASC 740.
– Supports tax provision calculations, rate reconciliation, deferred tax, current tax, disclosures, and related financial reporting workflows
– Helps tax teams reduce spreadsheet risk by organizing provision data, calculations, supporting schedules, and review steps in a structured system
– Provides visibility into tax provision status, assumptions, adjustments, and supporting documentation throughout the close process
– Connects with Bloomberg Tax research, fixed assets, and workpapers workflows to support a more integrated corporate tax process
– Fits tax and finance teams that need stronger control, auditability, and consistency around income tax provision work.