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Tax depreciation and capitalization consulting
Our team of professionals is ready to help you tackle your most common tax challenges.
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
We use a defined process to determine if a different approach to tax depreciation and repairs and maintenance deductions is right for your business.
Feasibility analysis
Our team reviews the company’s historical information from fixed-asset registers and identifies capitalized costs that might be misclassified.
Cost/benefit projection
We take the findings of our feasibility study to company decision-makers, along with a projected cost/benefit overview.
Full fixed-assets study
We conduct a full study with more due diligence on fixed assets, including personnel interviews, cost documentation analysis, estimation, and other steps.
Accounting methods change
When the full study is complete, we help clients recompute tax deductions that should have been taken in prior years. That information is then used to prepare the procedural accounting methods change on Form 3115.
Feasibility analysis
Our team reviews the company’s historical information from fixed-asset registers and identifies capitalized costs that might be misclassified.
Cost/benefit projection
We take the findings of our feasibility study to company decision-makers, along with a projected cost/benefit overview.
Full fixed-assets study
We conduct a full study with more due diligence on fixed assets, including personnel interviews, cost documentation analysis, estimation, and other steps.
Accounting methods change
When the full study is complete, we help clients recompute tax deductions that should have been taken in prior years. That information is then used to prepare the procedural accounting methods change on Form 3115.
Work with us
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.
We provide specialized tax depreciation and capitalization consulting services to organizations in various industries, including real estate and construction, manufacturing, and dealerships. Whatever your company’s size, and regardless of what sector you’re in, our experienced team can show you what’s possible.
Get a fresh perspective on tax depreciation deductions
We have decades of experience helping businesses like yours navigate federal tax depreciation rules. Find out how you can put our knowledge to work for you.
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