Press Releases

Bloomberg Tax & Accounting Significantly Expands Hedge Accounting Portfolio
Bloomberg Tax & Accounting today announced significant enhancements to Accounting and Disclosure for Derivatives and Hedging Instruments, an updated Accounting Policy and Practice Portfolio that examines how an entity accounts for derivatives and hedging activities under U.S. Generally Accepted Accounting Principles (GAAP).

High Inflation Drives Larger Increases In 2022 Tax Code Amounts Than Recent Years, Bloomberg Tax & Accounting Projects
Bloomberg Tax & Accounting's 2022 Projected U.S. Tax Rates report provides a detailed and comprehensive projection of inflation-adjusted amounts in the tax code.

Bloomberg Tax & Accounting Enters Tax Provision Market With Addition of Tax Prodigy
Bloomberg Industry Group today acquired Tax Prodigy's software, which enables companies to easily calculate the income tax-related elements of their financial statements — known as the income tax provision.

Most States Indicate They Will Follow Federal Government And Treat PPP Loan Forgiveness as Nontaxable Income
Bloomberg Tax & Accounting’s 21st annual Survey of State Tax Departments, which incorporates input on a wide range of corporate income and sales tax issues from senior state tax department officials from all 50 states, Washington, D.C., and New York City, was released today.

Bloomberg Tax Leadership Forum Provides Insights on Changes in Domestic and Global Taxation
Bloomberg Tax & Accounting today announced that its Bloomberg Tax Leadership Forum, Navigating Through Constant Change, will take place virtually June 16-17. This two-day event for corporate tax leaders and their advisors examines developments happening across international and U.S. federal taxation.

Bloomberg Tax & Accounting Streamlines Multistate NOL Management with New Software Enhancements
Bloomberg Tax & Accounting today announced enhancements to State NOL Manager, formerly known as State Tax Analyzer, an all-in-one compliance, provision, and planning application for multistate businesses with net operating losses (NOLs) across multiple states.

Bloomberg Tax & Accounting Releases Enhanced Transfer Pricing Portfolio
Bloomberg Tax & Accounting announced significant additions to Transfer Pricing: OECD Transfer Pricing Guidelines, an updated Tax Management Portfolio that describes and interprets the Organization for Economic Cooperation and Development’s (OECD) transfer pricing guidelines.

Bloomberg Tax & Accounting Announces Updates to Corporate Tax Analyzer
Bloomberg Tax & Accounting today announced updates to Corporate Tax Analyzer to reflect tax law changes and guidance through September 15, 2020.

Complimentary Array Of Tax Planning Tools And Resources From Bloomberg Tax & Accounting Takes The Headaches Out Of Tax Filing Season For CPAs
Bloomberg Tax & Accounting's Tax Season Watch features resources related to Covid-19 and tax filings and payments.

Bloomberg Tax Leadership Event Will Convene Tax Experts to Discuss Creative Solutions For Challenges Ahead
Bloomberg Tax & Accounting today announced a virtual event, Inspirational Leadership: Creative Solutions for the Challenges Ahead, to be held February 4, 2021. The event brings together tax leaders to discuss how they have developed creative solutions to successfully lead their tax departments and how they overcame the challenges they faced in 2020.
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