Latest news with #ASC740
Malaysian Reserve
06-08-2025
- Business
- Malaysian Reserve
Bloomberg Tax: The Only Provision Software Now With Built in ASU 2023-09 Rate Reconciliation
ARLINGTON, Va., Aug. 6, 2025 /PRNewswire/ — Bloomberg Tax announced today a significant enhancement to its Provision software with the introduction of a new rate reconciliation report designed to adhere with the latest FASB Accounting Standards Update (ASU 2023-09). The first embedded solution of its kind, this update ensures companies can seamlessly align with the new categorical requirements, maintaining compliance with ASC 740 disclosure requirements. The new report disaggregates income tax rate reconciliations into eight specific categories, presented in both percentages and dollar amounts as required by the ASU 2023-09. It also provides additional disclosure for taxes paid across federal, state, and foreign jurisdictions, creating greater transparency for stakeholders and streamlining the often-complex tax provision process. 'The updates to Bloomberg Tax Provision demonstrate our commitment to helping companies stay ahead of regulatory changes,' said Evan Croen, head of Bloomberg Tax. 'By leveraging Bloomberg Tax Provision in conjunction with Bloomberg Tax Workpapers, corporate tax professionals can save time and enhance accuracy, all while ensuring compliance with the new FASB requirements for years to come.' The enhanced software includes new and updated reports to further simplify workflow, such as the ASU 2023-09 Rate Rec Tab Report and an updated auditor's report with the new rate reconciliation tab. The focus on automation and intuitive design offers a seamless and efficient approach to ASC 740 calculations. The FASB Accounting Standards Update 2023-09, effective for public companies with annual periods beginning after December 15, 2024, introduces heightened transparency and granularity in tax disclosures. Bloomberg Tax Provision's tools are purposely-built to address these requirements, equipping businesses with the ability to adapt their processes with ease. For more information and to schedule a demo, visit About Bloomberg Tax & AccountingBloomberg Tax & Accounting provides practitioner-driven research and technology solutions that deliver timely, strategic insights to enable smarter decisions. From our unparalleled Tax Management Portfolios to technology designed to streamline the most complex planning and compliance scenarios, we deliver essential news and analysis, practical perspectives, and software that help tax and accounting professionals around the globe mitigate risk and maximize business results. For more information, visit Bloomberg Tax.
Business Wire
26-06-2025
- Business
- Business Wire
Bober Markey Fedorovich Names Nathan Lieb and Allison Gill as Newest Partners
AKRON, Ohio--(BUSINESS WIRE)--Bober Markey Fedorovich (BMF, a Top 200 CPA and advisory firm, is proud to announce the promotion of Nathan Lieb, CPA, MSA, and Allison Gill, CPA, to Partner, effective July 1, 2025. Nathan Lieb began his career with BMF as an intern in 2012. He has since become a key leader within the firm's Tax Practice, particularly in ASC 740 tax provision work. He serves various multi-jurisdictional companies, including public and private C-corporations, S-corporations, limited liability companies, and partnerships. His technical knowledge and expertise have made him a trusted advisor for businesses navigating complex tax issues. In addition to his professional accomplishments, Lieb is heavily engaged in the community, serving on The University of Akron's Accountancy Advisory and MTax Governance boards in support of future generations of accounting professionals. He was also part of the 2018 graduating class of Akron Torchbearers and served as the former Treasurer. Lieb has also championed the firm's annual Harvest for Hunger campaign, showcasing his commitment to giving back to his community. Lieb earned both his bachelor's and master's degrees in accounting from The University of Akron. He was also honored with the prestigious 30 For the Future Award from the Greater Akron Chamber in 2021. 'Nathan has been a key driver of the firm's ASC 740 practice growth. We're excited to see him take over leadership of this practice area, which helps us expand our reach beyond Northeast Ohio.' - Theodore A. Wagner, Partner and Executive Committee Member Allison Gill joined BMF in 2020 and quickly emerged as a leader within the firm's Audit Practice. Allison brings over 15 years of experience and leads some of the firm's most significant and complex audit engagements. Her extensive experience includes serving international and large domestic companies in the aerospace and defense, diversified products, manufacturing, and automotive industries. Gill is widely recognized for her exceptional leadership skills and has played a significant role in mentoring and developing the firm's associates. She also serves as Chair of the firm's Employee Enrichment & Engagement Committee (e3), fostering employee connectedness and community involvement through a positive and engaging environment. Aside from her professional achievements, Gill serves on the board of directors for the Beck Center for the Arts in Lakewood, Ohio, and is a proud alumna of the Cleveland Bridge Builders Class of 2023. Gill earned both her bachelor's and master's degrees in business administration from John Carroll University. 'Allison's promotion reflects not only her exceptional technical expertise and leadership but also her unwavering commitment to mentoring others and driving quality and innovation across the firm.' – Eric D. German, Partner About BMF Since 1959, BMF has grown into a leading independent accounting and business advisory firm in Northeast Ohio, serving clients nationally in a variety of industries, including those with multi-state and global operations. As a nationally recognized IPA Top 200 Accounting Firm, BMF has received numerous recognitions and awards, including Best of the Best, Great Lakes Regional Leader, and Best of Accounting. BMF's intentional growth strategy and consistent industry recognition underscore the firm's commitment to providing exceptional service and innovative solutions. For more information, visit
