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Maximize tax deductions for your capital expenses
Our FA2 process reviews your entire fixed asset investment and identifies opportunities to minimize tax depreciable lives and maximize current period tax expenses associated with repair and maintenance. Many practitioners don’t apply these industry-specific exemptions to the degree that our experts do, because they tend to evaluate the situation strictly from a book perspective and not from a broader tax perspective.
Throughout the FA2 process we look to bring in other areas of expertise such as fixed asset software and personal property tax expertise. We have found that a focused and diverse team of experts can provide tremendous value to organizations in the overall area of fixed assets.
It is imperative that a Fixed Asset review be conducted by experienced, qualified professionals and substantiated with the appropriate analysis, records and accurate studies. Plante & Moran’s team is composed of architects, engineers, and tax professionals with experience in cost estimating and working with the IRS.
Does your business have multiple locations?
Fixed Asset Analyzer works especially well for companies with multiple facilities, such as grocery store chains, long term care facilities, manufacturing companies and companies with a large construction project in process.
Have you or are you investing substantially in improvements?
Other candidates for FA2 would include companies with:
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Capital intensive industries
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One-time capital project of $1 million or more
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Companies with a minimum gross PP&E of $15-20 million
Have you taken full advantage of the Bonus Appreciation Rules?
These rules allow for either a 30% or 50% bonus depreciation for certain assets – in addition to normal depreciation – for property purchased between 9/11/2001 and 12/31/04. These rules apply to expenses such as land improvements, machinery and process-related utilities.
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