Grant Thornton LLP has launched Grant Thornton Fixed Asset Services, combining its tax know-how with Bloomberg BNA’s fixed assets cloud-based software.

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 service includes customized report options and real-time forecasting to help companies find accelerated deductions for qualified expenses and make accurate depreciation calculations.

“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,” said Joseph Brown, managing partner of Strategic Federal Tax Services at Grant Thornton, in a statement.

Companies using Grant Thornton Fixed Asset Services, powered by Bloomberg BNA, can log in to their Grant Thornton account and gain visibility into current and projected tax positions and customized reporting.
“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.

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