Accelerating deductions for fixed assets costs.
Traditional Fixed Asset Services
Recent IRS regulations for capitalization of tangible property and disposition of property address whether and when acquisition, production, maintenance, and improvement costs must be capitalized or deducted. BDO’s Traditional Fixed Asset Services team works efficiently and collaboratively to comply with these regulations, identifying tax savings opportunities and specific benefits. We perform a broad review of cost recovery methods utilized in current and prior years for each fixed asset, to determine whether an accounting method change is in order. This often provides significant savings in the current tax year.
Expanded Fixed Asset Services
BDO is able to leverage our experience to rejuvenate your fixed asset systems, processes, procedures, and maintenance. We assist with IRS examinations, managing property tax liabilities, identifying Section 174 costs, and more.
Green Energy Tax Services
There are tax benefits of going green. BDO can help identify available federal, state, and local tax incentives related to investments in energy efficient and sustainable building technologies.