Tax Minimization

For all retailers, there are opportunities to minimize federal taxes in two key areas: inventory and depreciation of fixed assets.

The right inventory method can result in ongoing annual deductions if properly implemented. Plante & Moran's LIFO Analyzer is a great tool to assess your inventory method.

Also, for brick and mortar retailers, special depreciation rules exist to recover the cost of their investments in a shorter period of time. Our cost segregation team has performed a variety of studies that resulted in significant savings.

For existing assets, it may also be worth the time to review what's been on the books for years. Special class rules exist for retailers that allow certain "cosmetic" assets to be depreciated over shorter lives. Our team can conduct a fixed asset analysis to determine if these rules apply to you.

One tax that's not typically analyzed as much as others is the local property tax assessment-- both real and personal. Our state and local tax experts have assisted many clients reduce these taxes and can assist with the analysis of your particular situation.