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BNA Fixed Assets Web Implements Tax Changes Within 48 Hours of Presidents Signature
[Tax software leaders Web-based fixed assets solution delivers compliance update with unprecedented speed.]
Washington, D.C. (PRWEB) June 7, 2003 - Released within 48 hours of the Presidents signature on May 28th, BNA Fixed Assets Web is the first fixed assets solution to implement the tax-saving benefits created by the Jobs and Growth Tax Relief Reconciliation Act of 2003. The potential tax savings created for businesses in the next three years by the Acts changes in rules affecting fixed assets is more than $60 billion. With BNA, business owners and CPAs serving their clients can immediately start taking advantage of these tax benefits.
BNA Fixed Assets Web is uniquely positioned to deliver the fastest and most comprehensive update of tax law changes when compared to any other fixed asset management software provider," according to Michael Smith, General Manager of BNA Software. The unprecedented speed of the tax update by BNA Software is made possible by BNAs ability to monitor legislative developments closely in the final stages of passage, BNAs ability to accurately interpret and modify the calculations to reflect the requirements of the new law and" he added, BNAs recently developed Internet-based fixed assets platform."
BNA Software introduced BNA Fixed Assets Web in late 2001 to help corporations with geographically diverse operations and CPA firms to manage fixed assets more effectively and to better appreciate the tax-saving benefits achieved through tighter depreciation management. The BNA Fixed Assets Web solution combines the reliability, accuracy, and timeliness of BNA Software with an IBM-delivered Web storage application in a single, tightly integrated, and cost-effective package.
Smith went on to explain that BNA Software has made a multi-year commitment to creating an extremely reliable fixed assets application for the Web that helps companies manage thousands, or even hundreds of thousands of assets, across multiple locations around the world - immediately realizing the potential depreciation tax savings available to them."
BNA Softwares Smith continued, Events such as the most recent tax act remind us, and our customers, how sophisticated the BNA Web application has become. Instead of waiting weeks for the tax law to be integrated into their software application, BNA Fixed Assets Web users can realize the benefits of the retroactive tax changes weeks earlier than other programs. This is what our customers expect, and BNA is committed to providing the best combination of accuracy, reliability, and technology to deliver our solutions."
Betty Hanlon, Manager of Corporate Taxes for Quanex Corporation, a Houston-based manufacturer of engineered materials and components for the vehicular products and building products markets, has recently moved from BNAs PC-based fixed asset solutions to the Web platform. Betty reacted to the update news from BNA by saying, When I heard the new tax law passed, I thought of all the work BNA would have to do to update their fixed assets program again! Now, in less than 48 hours, BNA Fixed Assets Web product has been updated to reflect the changes. I am impressed!" She went on to say BNA is very client-oriented and produces a product with the user in mind."
About BNA Software (www.bnasoftware.com)
BNA Software is a division of Tax Management Inc., Americas Tax AuthorityŽ, a subsidiary of The Bureau of National Affairs, Inc. (BNA) the nations premiere publisher of regulatory and compliance information. For more than 20 years, BNA Software has provided tax and accounting professionals with best-of-breed solutions that deliver expert guidance, precise calculations, and the most reliable, timely regulatory updates. These solutions, trusted by thousands of organizations nationwide, allow companies to minimize taxation exposure and maximize productivity.
For BNA Software:
Tom Ball
Director of Marketing and Sales Strategy
BNA Software
(202) 785-7128
tball@bna.com
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