BNA STATE TAX ANALYZER
The essential software for corporate state income tax analysis.
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BNA STATE TAX ANALYZER
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POWERFUL AND ACCURATE STATE TAX ANALYSIS
GET CERTAINTY, TRANSPARENCY, AND CONTROL
Today corporate tax management requires comprehensive professional skills that go far beyond filing tax returns. Likewise, expert handling of state tax analysis supporting income tax audits, provision, and cash tax management demands robust, professional software. With BNA State Tax™ Analyzer, you get the most accurate, powerful, and efficient state tax analysis software available – and the peace of mind that spreadsheets can’t provide.
Doing business in multiple states? BNA State Tax Analyzer is the only cost-effective software that automates and manages complex state corporate income tax calculations across multiple years, scenarios, and states. It lets you handle even the most demanding tax planning and provision situations with certainty.
From confidently assessing the impact of an income tax audit, to increasing productivity and reducing risk for tax provision, BNA State Tax Analyzer is the software that tax and accounting professionals rely on to gain control and insight into every aspect of corporate state income tax. Plus, Bloomberg BNA’s renowned tax expertise is built right into the software, providing you with the most up-to-date calculations and projections.
With up-to-date, automatic calculations, BNA State Tax Analyzer can save your tax department hundreds of hours of effort each year. Spreadsheets can’t deliver the kind of audit-ready, comprehensive, and transparent documentation you need in today’s tax and financial world. With BNA State Tax Analyzer, you’ll always know how calculations were performed and tax laws applied. With BNA State Tax Analyzer, you can: • Take complexity and risk out of your corporate state tax calculations • Gain greater insight into reserve planning for ASC 740 analysis • Ensure accuracy of state tax returns • Accelerate tax audits • Calculate and track net operating losses (NOLs) • Demonstrate compliance with thorough documentation • Generate one set of state tax department workpapers
--------------------------------------------------------BNA State Tax Analyzer includes automatic calculations for all states that have an income tax, as well as for the District of Columbia. It includes enacted future tax law, providing you with the most accurate multi-state projections and tax forecasting possible. ---------------------------------------------------------
BNA STATE TAX ANALYZER
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Fast and accurate analysis using the power of “what-if.”
CAPABILITIES YOU WON’T FIND ANYWHERE ELSE BNA State Tax Analyzer automates and manages state tax computations, saving you time and improving accuracy. You can choose to calculate on a separate entity basis, a consolidated group level, or according to the combined/unitary statutes – including both pre- and post-apportionment methods.
BNA State Tax Analyzer lets you quickly and accurately deliver: • “What-if” tax planning – Model the implications of hiring employees, building a factory, acquiring a new subsidiary, and much more. Easily create what-if scenarios from “as-filed” data, comparing side-by-side scenarios across years, states, and entities.
BNA STATE TAX ANALYZER
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NOL Manager tracks the generation and utilization to efficiently manage cash tax forecasting and the impacts of tax audits.
• Tax audit impacts – Compare proposed IRS and state audit adjustments on state tax returns and quickly analyze adjustments to judge materiality. After the audit is settled, let BNA State Tax Analyzer help you prioritize state tax return preparation for improved cash flow and reduced risk. • Quarterly state tax estimates – Improve accuracy with comprehensive state-by-state tax calculations. • Tax provision work – Provide state-by-state, entity-based calculations that help you analyze and document uncertain tax positions, plus gain a full audit trail of valuation allowances. When it’s time for the true-up, BNA State Tax Analyzer’s multi-scenario view quickly calculates the difference between “as-filed” and “as-provided” entries. • Cash tax management – See cash flow impacts of what-if planning, tax audits, and estimates across years, entities, and states. • Reserve planning for ASC 740 analysis – Determine the most tax-advantageous, long- and short-term courses of action to better manage your company’s tax risk – an important element of Uncertain Tax Position (UTP) compliance. • Single set of state tax workpapers – Supports collaboration across tax controversy, compliance, provision, and planning functions within your tax department.
MANAGE RISK BY ACCURATELY PREDICTING NOL IMPACTS As a powerful feature of BNA State Tax Analyzer, NOL Manager improves efficiency, saves time, and manages risk by giving organizations the ability to accurately predict net operating loss (NOL) impacts on cash tax, thereby improving their earnings per share. With built-in tax law, NOL Manager automatically tracks and calculates the generation, utilization, carrybacks, and carryforwards across multiple years. • Manages cash tax as you burn down NOL assets • Accurately computes and documents valuation allowances to withstand internal and external scrutiny • Shows immediate NOL impact resulting from IRS and state tax audits • Projects taxes for financial statements and quarterly estimates • Tracks NOLs across all states that have a corporate income tax, and the District of Columbia, from the year 1998 forward for pre- and post-apportionment states
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TIME-SAVING, COST-EFFECTIVE FEATURES
GET INDUSTRY-LEADING DATA PROTECTION
For corporations doing business in multiple states, BNA State Tax Analyzer saves you time and money with powerful features that include:
BNA State Tax Analyzer is hosted in our SOC1 compliant facility that uses industry-leading security and vulnerability utilities for the highest level of protection. Your data is secured with role-based permissions and a full audit trail that tracks who changed what, when.
• Out-of-the-box compliance: Ensures the most up-to-date tax rules and rates for all states that have a corporate income tax, plus the District of Columbia, eliminating the need to research and make spreadsheet notations. In addition, it’s the only product available today that includes enacted future tax law, providing you with the most accurate, multistate projections and forecasting possible • Familiar grid approach: Saves time by fitting into your current work style • Audit trail: Provides a detailed log of who did what, when, giving you better Sarbanes-Oxley (SOX) controls
EXPERT SUPPORT AND TRAINING With BNA State Tax Analyzer, you gain access to the best corporate state income tax know-how in the business. Whether you prefer to do the work yourself, or have Bloomberg BNA senior-level professionals do it for you, our world-class team stands ready to leverage their tax and audit expertise to deliver valuable, customized services and training.
• Permissions control: Protects your work, allowing only those users with assigned permissions to view or edit calculations • Collaboration support: Offers your tax department one set of Web-based, cross-functional, and centralized state tax workpapers • Customized computation: Makes it easy to accommodate special situations without having to use spreadsheets • Side-by-side comparison: Performs detailed “whatif” scenario analysis showing calculation differences between two scenarios, or across multiple scenarios • Flexible reporting basis: Switches conveniently between combined/unitary, consolidated, and separate entity reporting
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ABOUT BLOOMBERG BNA’S SOFTWARE PRODUCTS Bloomberg BNA offers expert software products for tax and accounting professionals. With category-leading software and top-rated technical support, we are the solution of choice for professional firms and corporations of every size. More than 70,000 customers, including the IRS, depend upon Bloomberg BNA’s software products for the highest degree of tax, regulatory, and compliance expertise available in the market.
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 the 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.
>>>>> For more information call 800.424.2938, contact your local Bloomberg BNA Representative, or visit www.bnasoftware.com
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