Accounting firm Grant Thornton has partnered with Bloomberg BNA to launch a new outsourced tax offering for managing fixed assets.
Dubbed Grant Thornton Fixed Asset Services, the offering clubs Grant Thornton’s tax know-how with Bloomberg BNA’s fixed assets cloud-based software platform.
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According to Grant Thornton, tax departments can effectively outsource the management of their fixed-assets through the service to help them identify the most beneficial tax treatments based on current law.
The offering features customized report options and real-time forecasting capabilities. It will enable companies to uncover immediate and accelerated deductions for qualified expenses and shorten closing times.
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.
Grant Thornton managing partner of strategic federal tax services Joseph Brown 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."
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