#None #Bloomberg Tax #Tax Incentives #Incentify

Transformative Collaboration in Tax Technology

In a strategic move to elevate the experience for tax professionals, Bloomberg Tax & Accounting has announced a partnership with Incentify, a leader in credits and incentives technology. This innovative collaboration introduces the Bloomberg Tax Credits & Incentives Tool, powered by Incentify, which significantly redefines how tax practitioners will access and utilize incentives intelligence.

A Game-Changer in Tax Discovery

The newly launched tool marks a pivotal advancement in Bloomberg Industry Group's extensive tax research platform. By integrating a powerful discovery engine into the user interface, this tool harnesses Incentify's renowned CI dataset to provide tax professionals with unprecedented access to various federal, state, and local incentives. Laurence Sotsky, CEO of Incentify, expressed pride in this partnership, stating, "This isn’t just an integration; it underscores the essential role of incentive intelligence in tax strategy. Making our data and technology available to all Bloomberg Tax customers is a major milestone for everyone involved."

The tool allows users to search for incentives at the address level, offering detailed proximity-based insights. For instance, tax professionals can uncover unique opportunities tied to specific locations, such as those eligible for Opportunity Zones or Enterprise Zones, thereby gaining invaluable insights that can influence critical business decisions.

Enhanced User Experience

Designed with user-friendliness in mind, the Bloomberg Tax Credits & Incentives Tool boast an intuitive interface that exceeds previous generations of tax tools. Users can interact with embedded intelligence features without navigating away from the Bloomberg Tax environment, creating a seamless and tailored experience. Evan Croen, Head of Bloomberg Tax & Accounting, underlined this commitment to usability, highlighting that the integration enhances the platform's legacy of delivering high-quality information while empowering clients to seize strategic opportunities effectively and quickly.

Shifting Paradigms in Incentives Management

This collaboration also hints at a broader market transformation. As the value of incentive intelligence grows in areas like investment strategies, hiring practices, environmental, social, and governance (ESG) decisions, as well as overall growth initiatives, tax incentive discovery is transforming from a reactive function to a proactive, strategic imperative. Tax professionals now recognize that accessing and leveraging this data is crucial for staying competitive in today's rapidly evolving landscape.

With these enhancements, corporate tax teams and advisors are now better equipped to act confidently on the insights discovered through the platform sourced from Incentify's advanced technology. The anticipated results are not just about improved operating efficiencies but also about driving significant financial performance improvements for businesses utilizing these insights.

Conclusion

As the complexities of tax regulations and the importance of maximizing incentive opportunities continue to rise, Bloomberg Tax & Accounting's partnership with Incentify presents a vital step towards empowering professionals with the necessary tools to navigate this intricate environment. To explore more about the Bloomberg Tax Credits & Incentives Tool and how it can optimize tax strategy for professional practices, interested parties are encouraged to visit their official site.

In summary, this collaboration between Bloomberg Tax and Incentify heralds a new era for tax professionals aiming to maximize their strategic advantages in the realm of incentives, ultimately reshaping the future of tax practices.