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- FIXED ASSET CONSULTING
- Fixed Asset Consulting
A set of specialty tax services that help businesses optimize how they track,
classify, and depreciate fixed assets.
A set of specialty tax services that help businesses optimize how they track, classify, and depreciate fixed assets.
- Overview
We offer a variety of specialty tax services that help businesses optimize the management of their fixed assets, including repair versus capitalization reviews, change in accounting method consulting, retirement and disposition studies, and technical guidance and advisory. Getting this right isn’t a one-time fix, a corrected fixed asset schedule compounds into savings on every future return.
Repair vs. Capitalization Review
Properly categorize expenditures as deductible repair and maintenance expenses or as capital, depreciable improvements.
Change in Accounting Method Consulting
Section 481(a) calculations to find the “catch-up” in depreciation, plus preparation of draft Form 3115 for changes in accounting method related to depreciation, the Tangible Property Regulations, and 179D studies.
Retirement and Disposition Studies
Review, identify, and remove assets that are no longer in service from a company’s fixed asset schedule.
Technical Guidance and Advisory
Bonus depreciation eligibility, Section 179 expensing, step-up-in-basis, demolition of property treatment and expensing, passive loss limitations, depreciation recapture, qualified improvement property, Code Section 163(j) applicability, and change-in-use rules.
Have questions specific to your situation?
- Explore Other Services
Cost Segregation
Utility Sales Tax Exemption
R&D Tax Credit
- FAQs
Answers to some of our most common questions
They’re related but distinct. Cost segregation reclassifies components at acquisition or construction. Fixed asset consulting reviews and corrects the schedule going forward, capturing repair-versus-capitalization calls, retirements, and accounting-method changes a cost segregation study wouldn’t touch.
It’s the one-time “catch-up” calculation used when a business changes its method of accounting for depreciation, letting missed deductions from prior years be claimed on the current return instead of through amended filings.
There’s no fixed interval, but a review after a major acquisition, renovation, or accounting-method change is when the biggest corrections typically surface. A stale schedule tends to compound the same errors onto every future return.
Curious if Fixed Asset Consulting applies to you?
A short conversation tells us fast, and it’s free either way.