State Tax Analyzer. The essential software for multi-year corporate state income tax analysis.

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1 State Tax Analyzer The essential software for multi-year corporate state income tax analysis.

2 Powerful and Accurate State Tax Analysis. Today corporate tax management requires comprehensive professional skills that go far beyond filing tax returns. Likewise, expert handling of state tax analysis that supports income tax audits, provision, and forecasting demands robust, professional software. With 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. From confidently assessing the impact of an income tax audit, to increasing productivity and reducing risk for tax provision, 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 Tax s renowned tax expertise is built right into the software, providing you with the most up-to-date calculations and projections. Get Certainty, Transparency, and Control. Doing business in multiple states? 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. With up-to-date, automatic calculations, 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 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 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 multistate projections and tax forecasting possible.

3 Fast and accurate analysis using the power of what-if. Capabilities You Won t Find Anywhere Else. 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 state specific apportionment logic. 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.

4 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 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, State Tax Analyzer s multi-scenario view quickly calculates the difference between asfiled and provision 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 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 tracks and documents support for valuation allowances to withstand internal and external scrutiny Shows immediate NOL impacts 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 including state-specific apportionment logic Documents all activity in a concise, comprehensive NOL Summary Report

5 Time-Saving, Cost-Effective Features. For corporations doing business in multiple states, State Tax Analyzer saves you time and money with powerful features that include: 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. Special industry apportionment: Supports calculations for single industry entities and groups including Airlines; Banking; Insurance; Manufacturing; Motor Carriers; Pipelines; Railroads; Retail; Ship Transport; and Telecommunications. Familiar spreadsheet 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. 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, crossfunctional, 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 what-if scenario analysis showing calculation differences between two scenarios, or a summary across multiple scenarios Flexible reporting basis: Switches conveniently between combined/unitary, consolidated, and separate entity reporting Get Industry-Leading Data Protection. 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 rolebased permissions and a full audit trail that tracks who changed what, when. Expert Support and Training. With 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 Tax 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. World-Class Customer Support Free, unlimited telephone support using our toll-free number: Comprised of knowledgeable technical and subject matter experts.

6 About Bloomberg Tax Bloomberg Tax provides comprehensive global research, news, and technology services enabling tax professionals to get the timely, accurate, and in-depth information they need to plan and comply with confidence. Our flagship Bloomberg Tax platform combines the proven expertise and perspectives of leading tax practitioners in our renowned Tax Management Portfolios with integrated news from the industry-leading Daily Tax Report, authoritative analysis and insights, primary sources, and timesaving practice tools. Bloomberg Tax technology solutions on our proprietary Advantage platform help practitioners simplify complex processes to better control risk and maximize profitability. For more information, visit For more information call , contact your local Bloomberg Tax Representative, or visit South Bell Street, Arlington, VA Bloomberg Tax Technology, a division of Tax Management Inc. All rights reserved. 0218rc