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BNA Income Tax Planner from BNA Software (Bloomberg Tax)

Professional-grade tax planning software with multi-year projections, what-if scenarios, side-by-side comparisons, federal and state tax calculations, and detailed reports for client presentations.

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More about BNA Software (Bloomberg Tax)

Product analysis by function

Tax Planning Software for Financial Planning

Applications that help advisors identify tax-efficient investment strategies, tax-loss harvesting opportunities, and integration of investment decisions with clients' overall tax situation.
More Tax Planning Software More Financial Planning ...

Tax-Loss Harvesting
(1 Yes /3 Known /10 Possible features)

Tax-Efficient Investment Strategies
(5 Yes /5 Known /10 Possible features)

Tax Scenario Modeling & Forecasting
(3 Yes /3 Known /10 Possible features)

Integration & Data Management
(1 Yes /2 Known /10 Possible features)

Tax Compliance & Reporting
(5 Yes /5 Known /10 Possible features)

User Interface & Usability
(3 Yes /3 Known /10 Possible features)

Client Communication & Collaboration
(1 Yes /1 Known /10 Possible features)

Security & Compliance
(1 Yes /1 Known /10 Possible features)

Analytics & Reporting
(7 Yes /7 Known /10 Possible features)

Support & Training
(6 Yes /6 Known /10 Possible features)

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Automated Tax-Loss Harvesting Automatically identifies and suggests trades to realize losses for tax benefits.		Not as far as we are aware.* BNA Income Tax Planner is tax planning software, not automated tax-loss harvesting.
Frequency of Harvesting How often the software scans and implements tax-loss harvesting opportunities.		No information available
Wash Sale Detection Detects potential wash sales and provides alerts or recommendations.		No information available
Harvesting Threshold Customization Advisors can set minimum loss thresholds for triggering tax-loss harvesting actions.		No information available
Cross-Account Harvesting Ability to identify tax-loss harvesting opportunities across multiple client accounts.		No information available
User Override of Harvesting Suggestions Allows advisors to override or approve tax-loss harvesting recommendations.		No information available
Reporting of Harvested Losses Provides detailed reports of realized losses for compliance and strategy review.		No information available
Real-Time Opportunity Alerts Notifies users immediately when new tax-loss harvesting opportunities arise.		No information available
Integration with Portfolio Management Seamlessly integrates with existing portfolio management tools and workflows.		Not as far as we are aware.* BNA Income Tax Planner is a standalone planner, not integrated with portfolio management platforms.
Tax Impact Simulation Simulates the projected tax impact of harvesting specific losses.		The software provides tax impact simulation via what-if scenario analysis.

Asset Location Optimization Optimizes asset placement across taxable and tax-advantaged accounts.		No information available
Tax Drag Analysis Quantifies the annual tax impact (drag) of different portfolios.		No information available
Tax-Efficient Withdrawal Sequencing Advises on withdrawal order from different account types to minimize taxes.		Software advises on withdrawal sequencing to minimize taxes.
Projection of After-Tax Returns Shows expected net returns after incorporating anticipated taxes.		BNA projects after-tax returns based on anticipated tax liabilities.
Roth Conversion Analysis Models the tax consequences of Roth IRA conversions.		Roth conversion analysis is specifically listed among core calculation features.
Capital Gains Minimization Tools Identifies trades and strategies to minimize realized capital gains.		No information available
Automated Rebalancing Tax Analysis Assesses tax costs associated with portfolio rebalancing.		No information available
Short-term vs Long-term Gain Recognition Distinguishes and tracks gains for relevant tax treatment.		No information available
Customized Strategy Recommendations Provides tailored, client-specific tax strategy advice.		The software provides client-specific strategy recommendations and custom scenario presentations.
Multi-year Tax Projection Projects multi-year tax liabilities under proposed strategies.		One of the core features is multi-year tax projection.

What-if Scenario Analysis Allows users to test tax results under different scenarios and plan changes.		BNA supports comprehensive what-if scenario analysis.
Multi-Year Tax Forecasts Provides forecasts of tax liabilities over multiple future years.		The planner offers explicit multi-year tax forecasting reports.
Customizable Tax Rates Supports entry and adjustment of custom federal, state, and local tax rates.		Users can set and adjust custom tax rates at the federal and state/local level.
Estate & Gift Tax Simulation Models estate and gift tax exposure based on current and hypothetical portfolios.		No information available
Legislation Impact Modeling Analyzes tax impact of proposed or potential legislative changes.		No information available
Monte Carlo Tax Simulations Uses stochastic modeling for tax forecasting under uncertainty.		No information available
Goal-Based Forecasting Integrates tax effects into financial plan goal projections.		No information available
Collaborative Scenario Sharing Enables sharing modeled tax scenarios with clients or team members.		No information available
Historical Scenario Review Allows comparison of past plan recommendations with current scenarios.		No information available
Sensitivity Analysis Assesses how sensitive outcomes are to changes in tax assumptions.		No information available

Account Aggregation Aggregates data from multiple financial accounts (brokerage, retirement, bank, etc.).		No information available
API Integration Offers programmable interfaces for connecting to other software systems.		No information available
Direct Custodian Connectivity Connects directly to custodians for real-time client data.		No information available
CRM Integration Integrates with advisor CRM systems for seamless workflow.		No information available
File Import/Export Capabilities Supports importing and exporting of client and investment data files.		The software allows importing and exporting client and tax data files.
Data Refresh Frequency How often external account or position data are refreshed.		No information available
Custom Data Mapping Allows mapping of external data fields to internal software fields.		No information available
Audit Trail of Data Changes Maintains records of data updates for compliance.		No information available
Cloud Data Storage Stores data in the cloud for remote access and backup.		Not as far as we are aware.* BNA Income Tax Planner is a desktop-based product; cloud storage is not a core offering.
Real-Time Syncing Data synchronizes in real time with other platform elements.		No information available

Automated Tax Form Generation Creates electronic or printable versions of required tax forms (e.g., 1099, Schedule D).		BNA can generate tax forms and detailed reports for federal and state tax filings.
Capital Gains and Income Reporting Summarizes annual capital gains, losses, and income by account or tax lot.		The software provides capital gains and income reporting and summarization.
Compliance Rule Updates Automatically updates for new federal and state tax law changes.		No information available
Error Checking & Reconciliation Provides automated checks for inconsistencies or compliance errors.		No information available
Tax Filing Export Exports data for use with tax filing software or professionals.		BNA Income Tax Planner can export data for use in tax filing software.
Document Retention Management Supports secure storage and retention of tax documents per regulations.		No information available
Client Tax Summary Reports Generates summary reports of client tax positions for review.		The software generates client summary tax reports for review/presentation.
State and Local Tax Calculations Supports compliance for all relevant state and local tax rules.		Supports state and local tax calculations as advertised in product literature.
Amended Returns Support Supports creation of amendments to prior-year tax returns.		No information available
Regulatory Change Alerts Notifies users of significant changes in tax law or filing requirements.		No information available

Dashboard Customization Users can configure dashboards to suit their workflow and preferences.		No information available
Mobile Access Accessible via mobile devices or dedicated mobile apps.		No information available
Guided Workflows Step-by-step walkthroughs for common tax planning processes.		Guided step-by-step calculation processes are a fundamental BNA design feature.
Multi-language Support User interface available in multiple languages.		No information available
Accessibility Features Tools for visually impaired or other accessibility needs.		No information available
Search and Filter Functions Easily search for and filter clients, accounts, or transactions.		Search and filter within scenarios, clients, and plan years is a standard feature.
Customizable Reports Users can build and customize their own reports.		Reports are highly customizable for client presentations.
Bulk Edit and Batch Actions Ability to apply changes across multiple clients or portfolios at once.		No information available
Real-time Help and Guidance Integrated documentation or chat support for immediate assistance.		No information available
Client Portal Dedicated portal for clients to view their tax planning results and reports.		No information available

Secure Document Sharing Share sensitive files securely between advisor and client.		No information available
Commenting and Annotations Leave comments and notes directly on reports or scenarios.		No information available
E-signature Integration Collect required signatures within the platform.		No information available
Meeting Scheduler Built-in tools for scheduling tax review meetings.		No information available
Customizable Email Templates Create templates for standardized client communications.		No information available
Alerts & Notifications Configurable email or in-app tax deadline reminders.		No information available
Interactive Plan Visualizations Tools for interactive presentation of tax planning outcomes.		Interactive charts and visualizations are part of the reporting functionality.
Shared To-do Lists Collaborative task lists between advisor and client		No information available
Document Upload by Clients Clients can upload documents securely to the advisor platform.		No information available
Client Feedback Mechanism Enable clients to provide feedback within the portal.		No information available

Multi-factor Authentication Requires multiple authentication methods for system access.		No information available
End-to-End Encryption Encrypts data at rest and in transit across the system.		No information available
User Access Controls Granular permissions for managing roles and privileges.		No information available
Regular Security Audits Platform is audited for security vulnerabilities on a regular basis.		No information available
SOC 2 or Similar Certifications Holds third-party security and data handling certifications.		Bloomberg (parent of BNA) adheres to strict security protocols and certifications, commonly including SOC 2.
Data Residency/Localization Support for storing data in required jurisdictions.		No information available
Data Retention Settings Customizable retention periods for sensitive client data.		No information available
Automatic Session Timeouts Automatically logs out users after inactivity.		No information available
Audit Logging Monitors access and action history for compliance purposes.		No information available
Incident Response Plan Comprehensive documented plan for responding to security incidents.		No information available

Custom Report Builder Allows users to build bespoke reports with selected fields and filters.		BNA includes a custom report builder for tax planners.
Scheduled Report Delivery Supports automated generation and delivery of reports on a schedule.		Reports can be scheduled for future delivery (e.g., draft and print in batches).
Benchmark Comparison Tools Compares client portfolios and tax outcomes to relevant benchmarks.		No information available
Aggregation of Analytics Across Clients View tax metrics and performance in aggregate across client base.		Can aggregate and summarize tax results across client files.
Export to PDF/CSV/XLS Export all reports and analytics to common file formats.		Export to multiple formats, including PDF and Excel, is supported.
Drill-down Analysis View detailed analytics down to transaction or tax lot level.		Drill-down analysis in client and scenario detail is possible within generated reports.
Historic Reporting Archive Maintains an archive of past analytics and reports.		The system maintains client archives and historic report storage.
Tax-Efficiency Metrics Specific metrics measuring portfolio tax efficiency over time.		No information available
Custom KPI Dashboards Key performance indicators dashboards are configurable per user.		No information available
Visualizations & Charts Suite of charting tools for tax and portfolio analytics.		Visual tax projections and charts are provided for client presentations.

Onboarding Assistance Personalized onboarding for new users and firms.		Dedicated onboarding support is available for large firms using the software.
Knowledge Base Access Comprehensive online documentation and FAQs.		The product includes comprehensive online help and FAQs.
Live Chat Support Immediate in-platform chat for tech and strategic support.		Phone, email, and live support is available per product documentation.
Phone and Email Support Multiple support channels including phone and email.		Support through phone and email is standard for enterprise buyers.
Webinars and Training Resources Regular online events and resources for training.		Webinars and on-demand training resources are regularly offered by Bloomberg Tax.
Dedicated Customer Success Manager Assigns a point of contact for account success and troubleshooting.		Large clients are assigned a dedicated account manager.
Community Forums Access to online discussion boards or peer support.		No information available
Feature Request Feedback Loop Clients can request new features and track implementation.		No information available
Context-Sensitive Help In-software help that adapts to current screen/function.		No information available
Training Certification Programs Offers formal certification for product proficiency.		No information available

BNA Income Tax Planner from BNA Software (Bloomberg Tax)

Product analysis by function

Tax Planning Software for Financial Planning

Tax-Loss Harvesting (1 Yes /3 Known /10 Possible features)

Tax-Efficient Investment Strategies (5 Yes /5 Known /10 Possible features)

Tax Scenario Modeling & Forecasting (3 Yes /3 Known /10 Possible features)

Integration & Data Management (1 Yes /2 Known /10 Possible features)

Tax Compliance & Reporting (5 Yes /5 Known /10 Possible features)

User Interface & Usability (3 Yes /3 Known /10 Possible features)

Client Communication & Collaboration (1 Yes /1 Known /10 Possible features)

Security & Compliance (1 Yes /1 Known /10 Possible features)

Analytics & Reporting (7 Yes /7 Known /10 Possible features)

Support & Training (6 Yes /6 Known /10 Possible features)