Bloomberg BNA Updates BNA Fixed Assets Web Software to Reflect New Tax Extenders Bill Passage
Update Contains Newly Passed Tax Extender Rules, Supports Revisions to Previous Asset Treatments
ARLINGTON, Va., Jan. 5, 2015 /PRNewswire/ -- Bloomberg BNA today announced that its BNA Fixed Assets Web software (version 2015.0) has been updated to help customers comply with the recently passed Tax Increase Prevention Act of 2014.
"We've closely followed the tax extenders discussion throughout 2014, and have prepared an immediate update in order to help customers efficiently wrap up their year-end planning," said Dean Sonderegger, executive director of product management, Bloomberg BNA's software products. "For publicly-traded organizations in particular, this update will support their tight timeframe to meet the Securities and Exchange Commission's impending Form 10-K filing deadline."
The BNA Fixed Assets Web update reflects the recently passed tax extenders legislation, which includes a number of provisions for business taxpayers through 2014, including accelerated depreciation of certain business property (bonus depreciation), Form 4626 (alternative minimum tax), and Section 179; the increased expensing allowance for business assets; computer software; and qualified real property.
"The long-term fate of these tax breaks remains unclear; it's our belief that the issue will come up again in 2015," Sonderegger added. "We will continue to react quickly to legislative changes to ensure our customers can plan accordingly and comply with the latest regulations."
BNA Fixed Assets enables tax and accounting professionals in mid-sized to enterprise corporations to gain a solid foundation for all fixed assets and depreciation management, offering scalability to handle up to millions of assets while significantly decreasing manual effort and lack of control that burdens business taxpayers.
For more information, visit http://bnasoftware.com/Products/BNA_Fixed_Assets_Solutions/Index.asp.
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.
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SOURCE Bloomberg BNA Software
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