Accounting
Grant Thornton and Bloomberg BNA Partner for Fixed Asset Management
The offering, which features customized report options and real-time forecasting capabilities, is designed to help companies uncover immediate and accelerated deductions for qualified expenses, while also providing confidence in depreciation calculations.
May. 06, 2016
The accounting firm Grant Thornton LLP has launched Grant Thornton Fixed Asset Services, a unique offering that combines its tax know-how with Bloomberg BNA’s fixed assets cloud-based software platform.
By bringing best-in-class software together with industry-leading professional services, Grant Thornton can now provide corporate tax departments with a turnkey solution to reduce the burden of fixed-asset management. This means tax departments can effectively outsource the management of their fixed-assets with the value-added capability of identifying the most beneficial tax treatments based on current law.
The offering, which features customized report options and real-time forecasting capabilities, is designed to help companies uncover immediate and accelerated deductions for qualified expenses, while also providing confidence in depreciation calculations. In addition, it helps companies shorten closing times – and provides 24/7 access to fixed-assets data with the ability to run customized reports on the fly.
Companies using Grant Thornton Fixed Asset Services, powered by Bloomberg BNA, can log in to their Grant Thornton account and, in real time, have visibility into current and projected tax positions and customized reporting.
Joseph Brown, managing partner of Strategic Federal Tax Services at Grant Thornton, stated: “Through this partnership, Grant Thornton clients can enjoy the software advantage of Bloomberg BNA and also benefit from our respected tax insights to better comply with tangible property regulations and the complex decisions associated with determining the most advantageous tax recovery periods.”
“Partnering with Grant Thornton provides mutual corporations tax insights and expertise combined with an innovative software solution to drive transformation,” said Ken Crutchfield, Vice President of Bloomberg BNA’s software products.
For more information about Grant Thornton Fixed Asset Services, powered by Bloomberg BNA, visit here.