Bloomberg Tax

Bloomberg Tax AI Assistant is here and ready to revolutionize your workflow! The assistant is a chat-based research tool that allows users to ask targeted questions to identify information within a document, including our market-leading Portfolios, explained by Emily Verwee in this video. Learn more about our latest generative AI-powered features: https://lnkd.in/eUXaRu75

Is your organization ensuring AI literacy? If not, it could become an efficiency factor, according to Taryn Crane of BDO in remarks she made at our executive forum on AI. In a panel discussion led by Evan Croen, panelists shared their organization’s approach to generative AI tools and applications and where they see things developing in the future. We were also joined by Carmel Wynkoop of Armanino and John Zevitas of T. Rowe Price. For more insights on AI from experts across industries, watch the full replay of the event: https://lnkd.in/eHZqkzTy

Artificial intelligence is revolutionizing tax workflows, helping tax professionals achieve greater accuracy and efficiency. Join Bobby Puglia, Emily Verwee, and Evan Croen on April 29 for a special virtual discussion on the practical advantages of AI and how it can help your organization manage increasing tax challenges. Register now to discover how AI can streamline your most complex tax processes: https://lnkd.in/esutV4pN

How can companies leverage AI to create true business value?   During our recent Executive Forum, we brought together thought leaders across sectors to explore how generative AI is being used right now to create tangible impact.   🎥 Watch the full replay here. https://lnkd.in/exAuQbdf

To understand how companies are preparing for the expiration of provisions from the Tax Cuts and Jobs Act of 2017, we surveyed over 400 tax practitioners. Most survey respondents (88%) were working in tax when the TCJA was enacted in late 2017, so they’ve been through major tax law upheavals before. Download the survey report for more insights on TCJA implementation and the role of tax technology in ensuring efficiency and accuracy: https://lnkd.in/dCHg2jqD

The clock is ticking, and the potential sunset of the TCJA provisions is on the horizon. Is your tax department prepared to navigate the challenges ahead? We surveyed over 400 tax professionals to uncover: ✔️ The biggest hurdles in tax scenario modeling and planning ✔️ Why manual processes are holding teams back ✔️ Actionable strategies to improve efficiency and reduce costs ✔️ How tax technology plays a critical role in ensuring compliance Download our exclusive report to gain insights and actionable strategies that will help your team stay ahead of the curve. 📥 Download the report now: https://lnkd.in/dCHg2jqD

Navigating the complexities of domestic and international indirect taxes, like US Sales & Use, VAT, and GST, is no easy task. That’s why Bloomberg Tax has developed tools to simplify compliance and ensure accuracy every step of the way. Our robust platform combines automation and industry-leading tax research to help your team drive efficiency and operate with confidence. Learn how to streamline your compliance workflows and join our free webinar on 4/17 from 2–2:30 pm EST! Our team of experts will walk you through best practices and actionable insights that can benefit your team immediately. Secure your spot here 👉 https://lnkd.in/e9ND4Fbk

We’re thrilled to introduce AI Assistant — your new partner for smarter, more efficient tax research. Integrated seamlessly within the Bloomberg Tax platform, this cutting-edge tool is designed to save you time and enhance your workflow, all at no extra cost.   Here’s how AI Assistant transforms your research process:   🗂️ Instant Document Summaries – Quickly understand key content without sifting through pages. 💡 Targeted Q&A – Ask precise questions and extract the specific insights you need from documents and charts.   🌎 Chart Building – Compare tax information across jurisdictions in a few clicks.   And this is just the beginning! We're continuously updating the AI Assistant with new research skills based on your feedback to meet your evolving needs.   Learn more about how AI Assistant is empowering tax professionals to work faster and smarter. https://lnkd.in/eXxJQCqV

One of the most significant challenges for corporate tax departments, especially provision professionals, is navigating the Financial Accounting Standards Board's (FASB) updated income tax disclosure requirements. The 2023 Accounting Standards Update (ASU) 2023-09 introduces several key changes to address investor demand for greater transparency about income taxes. Companies are now required to provide: ✔️ Detailed reporting on effective tax rates ✔️ Clear disclosure of cash income taxes paid With these changes, FASB aims to “allow investors to better assess, in their capital allocation decisions, how an entity’s worldwide operations and related tax risks and tax planning and operational opportunities affect its income tax rate and prospects for future cash flows.” Learn more about the changes and discover how tax technology can help ensure compliance without compromising efficiency from RSM's Darian Harnish, CPA and Bloomberg Tax's Frances Alonso Galbis: https://lnkd.in/e_XYKruN

How prepared is your tax department for the potential 2025 Tax Cuts and Jobs Act sunset? Our latest survey found that roughly 60% of respondents begin preparing for tax law changes at least six months in advance, meaning firms that have not started planning are already falling behind. For insights on how your peers are preparing for expiring TCJA provisions and adapting workflows to maintain compliance, download our '2025 Tax Changes Readiness Survey' report: https://lnkd.in/dCHg2jqD