#United States #Arlington #AI Assistant #Tax Research #Bloomberg Tax

Bloomberg Tax Unveils Innovative AI Features

In a bid to revolutionize the tax research sector, Bloomberg Tax & Accounting has introduced two impactful AI-powered features: Bloomberg Tax Answers and AI Assistant. These tools are designed to streamline the tax research process, enabling tax professionals to work more efficiently and effectively.

Transforming Tax Research with AI

Released on March 10, 2025, Bloomberg Tax Answers is engineered to replace lengthy research hours with quick, precise solutions to tax-related questions. This feature allows users to receive answers enriched with citations that link to primary sources, including essential documents from the Internal Revenue Code and federal and state tax agencies. Notably, the integration of this tool means there’s no need for users to learn a new system; they can simply engage with the existing Bloomberg Tax interface. The answers provided not only feature direct citations but also integrate expert analysis, allowing users to apply the information seamlessly into their operations.

The AI Assistant, on the other hand, takes a conversational approach to assist users in finding specific information quickly. This chat-based tool facilitates targeted inquiries and navigates through complex documents, such as Bloomberg Tax's authoritative Portfolios. Furthermore, the AI Assistant can create comparative charts of tax data across different jurisdictions, presenting a user-friendly interface to understand diverse tax obligations. This substantial reduction in research time enables tax practitioners to focus more on strategic decision-making rather than being bogged down by data collection.

Acknowledging Innovation

Evan Croen, the head of Bloomberg Tax, expressed excitement about how these new features highlight the company’s commitment to innovation. He emphasized that Bloomberg Tax Answers and AI Assistant can deliver rapid and trustworthy responses while enabling users to perform cross-jurisdictional comparisons with ease. A senior manager from a public corporation echoed this sentiment, praising Bloomberg Tax Answers for its efficiency in generating relevant searches that cut through the noise of unrelated results.

Bloomberg Tax is committed to continuously refining these features based on user feedback, ensuring they remain relevant and beneficial for evolving tax landscapes. In the coming months, further updates for AI Assistant are expected to enhance its research capabilities, broadening its utility for users.

Accessing New Features

Users will find Bloomberg Tax Answers and AI Assistant available at no additional cost within the Bloomberg Tax platform, underscoring Bloomberg's dedication to enhancing its offerings without burdening clients with further expenses. For more comprehensive details about these advancements and their potential impacts on the field of tax research, users are encouraged to visit Bloomberg Tax's official page.

In conclusion, the integration of generative AI into Bloomberg Tax’s suite of tools signifies a transformative shift in tax research methodologies. As professionals strive to navigate complex tax regulations, these new features promise to simplify processes and empower practitioners with quicker and more dependable access to critical tax information.