10 Best Bloomberg Tax Alternatives and Competitors in 2024
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Bloomberg Tax is a popular tax research platform that provides users with a wide range of tax-related information, including news, analysis, and expert insights. While Bloomberg Tax is a comprehensive platform, there are several other alternatives and competitors in 2024 that provide similar or even better functionalities. In this article, we will explore the top 10 best Bloomberg Tax alternatives and competitors.
1. Thomson Reuters Checkpoint
Thomson Reuters Checkpoint is a comprehensive tax research platform that offers a vast range of tax-related information and tools. It covers federal, state, and international tax issues and provides access to primary sources, expert analysis, and news. Thomson Reuters Checkpoint's user-friendly interface and advanced search capabilities make it a valuable alternative to Bloomberg Tax.
2. CCH Axcess Tax
CCH Axcess Tax is a cloud-based tax preparation and compliance solution that helps accountants and tax professionals streamline their workflow. It offers features such as automated data entry, real-time collaboration, and integration with other software tools. CCH Axcess Tax's focus on tax preparation and compliance makes it an excellent alternative to Bloomberg Tax for those looking for practical solutions.
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3. RIA Checkpoint
RIA Checkpoint is a tax research platform owned by Thomson Reuters that provides access to primary sources, expert analysis, and news. It covers federal, state, and international tax issues and offers a range of tools and calculators. RIA Checkpoint's emphasis on expert analysis and access to primary sources makes it an excellent alternative to Bloomberg Tax for users who need comprehensive and authoritative tax information.
4. Tax Analysts
Tax Analysts is a nonprofit tax publisher that provides in-depth coverage of tax policy and administration issues. It offers a range of publications, including Tax Notes and State Tax Notes, as well as a tax research platform called Tax Notes Today. Tax Analysts' focus on tax policy and administration issues makes it an excellent alternative to Bloomberg Tax for those interested in the broader implications of tax law.
5. Wolters Kluwer CCH IntelliConnect
Wolters Kluwer CCH IntelliConnect is a tax research platform that provides access to primary sources, expert analysis, and news. It covers federal, state, and international tax issues and offers a range of tools and calculators. Wolters Kluwer CCH IntelliConnect's user-friendly interface and advanced search capabilities make it an excellent alternative to Bloomberg Tax.
6. TaxJar
TaxJar is a cloud-based sales tax automation platform that helps businesses manage their sales tax compliance. It offers features such as automated filing, real-time tax rate calculations, and integration with e-commerce platforms. TaxJar's emphasis on sales tax compliance makes it an excellent alternative to Bloomberg Tax for businesses looking for practical solutions.
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7. Vertex
Vertex is a cloud-based tax software solution that helps businesses manage their sales and use tax compliance. It offers features such as automated tax calculation, real-time tax rate updates, and integration with ERP systems. Vertex's focus on sales and use tax compliance makes it a valuable alternative to Bloomberg Tax for businesses looking for practical solutions.
8. Avalara
Avalara is a cloud-based tax compliance platform that helps businesses manage their sales and use tax compliance. It offers features such as automated tax calculation, real-time tax rate updates, and integration with e-commerce platforms. Avalara's emphasis on sales and use tax compliance makes it an excellent alternative to Bloomberg Tax for businesses looking for practical solutions.
9. ONESOURCE
ONESOURCE is a comprehensive tax software solution offered by Thomson Reuters that covers a wide range of tax-related issues. It offers features such as tax compliance management, tax planning, and transfer pricing. ONESOURCE's emphasis on enterprise-level tax solutions makes it an excellent alternative to Bloomberg Tax for large businesses and corporations.
10. Drake Tax
Drake Tax is a tax preparation software designed for tax professionals and accountants. It offers features such as automated data entry, real-time collaboration, and integration with other software tools. Drake Tax's focus on tax preparation makes it an excellent alternative to Bloomberg Tax for those looking for practical tax solutions.
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In conclusion, while Bloomberg Tax remains a popular and valuable tax research platform, there are several alternatives and competitors available in 2024 that provide similar or even better functionalities. Whether you're looking for broad-based tax research, practical tax solutions, or enterprise-level tax software, the alternatives mentioned in this article offer a range of choices to suit your needs. Consider the user interface, depth of coverage, and practicality of the solutions offered when selecting the best Bloomberg Tax alternative for your tax-related requirements.