Tax depreciation and capitalization consulting
Are you missing out on tax depreciation benefits?
Many companies don’t make use of the most advantageous tax depreciation accounting methods and recovery periods. Yours might be one of them.
It’s a common issue – companies of all sizes and from various industries overlook beneficial tax depreciation deductions.
Many businesses that have substantial capital expenditures or capital improvement needs also have knowledge gaps in fixed-asset accounting. Specifically, they don’t often view tax classifications for fixed assets in the most optimal way.
Taking a different approach – one that’s informed by extensive experience with federal tax depreciation rules – often can yield significant financial advantages for companies willing to explore other options.
A fresh look at tax depreciation and capitalization could boost your bottom line
We can help you maximize tax advantages with a different take on tax depreciation deductions.
Many companies look at fixed assets through the lens of financial accounting. If they’re considered for tax purposes, it tends to be an afterthought. But that approach could lead companies to miss out on considerable bottom-line benefits.
Our experienced team can evaluate your fixed-assets register and determine where classifications can be changed for more optimal tax depreciation deductions – even for prior tax years.
As an integral part of this process, we can evaluate whether items in your fixed-asset register should be capitalized at all or should more appropriately be accounted for as repairs or maintenance expenses.
Our tax depreciation and capitalization analysis process
Work with a firm that knows tax depreciation – and your industry
We understand the tax rules around fixed assets and repairs and maintenance expenditures – and we’ve worked with companies with substantial real estate portfolios, brick-and-mortar operations, and capital expenditures on optimally classifying these costs.
Whatever your company’s size, and regardless of what sector you’re in, our experienced team can show you what’s possible.