Bloomberg Tax announced the launch of Controlled Calculations for Bloomberg Tax Workpapers, a new capability that helps corporate tax teams perform multiple complex state tax calculations with greater confidence, transparency, and efficiency.

Many tax departments still rely on sprawling spreadsheets to manage complex state tax calculations. As organizations grow, those manual processes become increasingly difficult to scale. Maintaining formulas across jurisdictions is time-consuming, increases the risk of errors, and pushes spreadsheets beyond what they're designed to handle.  Controlled Calculations replaces those manual processes with a governed calculation environment that provides system-maintained tax rules, including general state apportionment rules, while allowing tax teams to customize calculations based on their specific business needs.

"The future of tax isn't about building better spreadsheets, it's about giving professionals better ways to navigate complexity," said Evan Croen, head of Bloomberg Tax. "Controlled Calculations brings trusted tax intelligence, governed calculations, and connected workflows together so tax teams can spend less time maintaining formulas and more time applying their expertise."

Unlike traditional spreadsheet-based processes, Controlled Calculations embeds system-maintained tax rules directly into the workflow while maintaining flexibility for organization-specific requirements. Built-in auditability provides visibility into every override, adjustment, and calculation throughout preparation and review.