Capture, track, and maximize your fixed assets
A Fixed Asset Review involves a taking a comprehensive look at your entire fixed asset ledger to identify missed opportunities to accelerate deductions and increase cash flow. During this process, we will also help you identify any errors or improper depreciation methods being used. This analysis works best for businesses with a substantial number of assets, placed in service over a wide range of tax years. Here are some of the opportunities that may be identified as part of a Fixed Asset Review
Here are some of the opportunities that may be identified as part of a Fixed Asset Review
Cost Segregation is a tax planning strategy that can provide companies and individuals who have acquired, constructed, or renovated real estate assets with increased cash flow by accelerating depreciation deductions and reducing or deferring federal and state income taxes.
Asset Reclassification involves identifying individual assets on your fixed asset ledger that are being improperly depreciated and that can be reclassified to a more accelerated depreciation method.
Making capital vs. expense deductions can be a complex and time consuming process. We can review your fixed asset ledger to identify costs that were capitalized and depreciated, but that should have been deducted immediately in accordance with the Tangible Property Regulations ("TPR").
Many businesses keep assets on their ledgers even after they have been retired or disposed. This can have a wide range of negative tax impacts. We can help you identify and appropriately remove these assets.
We can review your fixed asset ledger to help you identify and capitalize on 45L, 179D, and other green energy tax credits and incentives.
Bonus depreciation is a powerful tax depreciation method that allows your to immediately deduct up to 100% of the cost of the asset. We can help you identify and appropriately apply bonus depreciation to your assets.
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