Bloomberg Tax Partners with DMI to Enhance Uncertain Tax Position Workflows
Bloomberg Tax has partnered with Decision Modeling, Inc. (DMI) to integrate uncertain tax position (UTP) calculations from DMI's Tax Position Manager into Bloomberg Tax Provision software. This collaboration aims to streamline the complex UTP process for corporate tax departments by combining specialized UTP capabilities with a comprehensive provision workflow. The integration allows organizations to manage reporting requirements more efficiently and reduce manual work, enhancing audit readiness and transparency in their income tax provisions. Both companies emphasize that this partnership addresses growing demand among tax professionals for integrated tools rather than isolated solutions. Bloomberg Tax Provision is designed as an end-to-end platform for calculating and reporting corporate taxes with real-time regulatory adaptability.
Topics: software integration tax technology uncertain tax positions