Looking for another idea to generate cash flow? A fixed asset comprehensive tax scrub (FACTS) can provide immediate tax savings and deferral opportunities.
Get the FACTS
Even though fixed assets typically make up a significant portion of a company’s balance sheet, managing them is an area that is often overlooked in running day-to-day operations. But ignoring the proper capitalization of fixed assets can mean that you’re missing out on significant tax benefits, or worse yet, can lead to issues with government tax authorities. A comprehensive tax scrub can unleash these benefits and uncover compliance risks.
A FACTS engagement is designed to reduce federal and state tax liabilities by applying tax laws to your fixed assets. Immediate tax deferrals can result from accelerating deductions on assets that were previously placed in service with improper tax lives or methods. We give you a written report that assesses your company’s fixed-asset management, areas of risk, and most importantly, areas of opportunity for cash benefits.
You may gain several benefits from a fixed asset comprehensive tax scrub. Here are some of the services we can provide:
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