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Grant Thornton partners with Bloomberg BNA to offer a unique outsourced tax offering for managing fixed assets

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"Partnering with Grant Thornton provides mutual corporations tax insights and expertise combined with an innovative software solution to drive transformation"
CHICAGO, IL --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.

About Grant Thornton LLP

Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. In the United States, Grant Thornton has revenue in excess of $1.45 billion and operates 59 offices with more than 550 partners and 7,000 employees. Grant Thornton works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.

“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. Please see grantthornton.com for further details.


About Bloomberg BNA’s Software Products

Bloomberg BNA offers expert software products for tax and accounting professionals. We are the solution for professional firms and corporations of every size, who depend upon Bloomberg BNA’s software products for the highest degree of tax, regulatory, and compliance expertise. To learn more visit www.bnasoftware.com.

About Bloomberg BNA

Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals. Its network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance — the information that matters most to professionals. Bloomberg BNA's authoritative coverage spans a full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & data security, human resources, and environment, health & safety. To learn more visit www.bna.com.

Contact:
Grant Thornton
David Van de Walle
T +1 312 754 7102
or
Bloomberg BNA
Erika J. Etlen
T +1 703 341 3624