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Tangible Property Tax Consulting 

Maximize the complete lifecycle of a fixed asset 

Tangible property, also known as fixed assets, is a key item on any balance sheet. Though companies benefit from the asset over time, the asset itself loses value as it ages. That loss is captured through depreciation deductions. When fully consumed, the company will likely invest in a new asset. This is a recurring cycle, and though it creates tax deductions, recovering the full value from an asset is often a neglected area with opportunity for improvement.

Through our unique process that pairs technical knowledge with technology, RSM’s tangible property services team can maximize the value of your fixed asset investments. We improve accuracy, minimize risk, reduce tax burden and enhance cash flow. Our fixed asset management platform allows for timely transfer of data and quick action. It is seeking out and acting on additional opportunities that exist.

More than just depreciation expense

Tax codes often incentivize companies to spend money on fixed assets by allowing the company to recognize expenses faster than actual declining value; however, broad financial and tax implications are frequently overlooked. Depreciation expense, property tax obligations, missed credit and incentive opportunities, and more, all affect an asset’s cost or value and ultimately affect your bottom line. When effectively managed, real tax savings, tax reductions and enhanced cash flow can occur.

The fixed asset universe

Our holistic approach to tangible property management creates customized fixed asset solutions that incorporate cloud technology, streamlined processes and deep technical tax knowledge. We can help your improve accuracy, minimize risk, reduce tax burden and enhance cash flow through cost segregation studies, fixed asset management, applying tangible property regulations for your organization and more.

related insights

IRS releases 2020 limits for depreciation deductions for autos

IRS releases 2020 limits for depreciation deductions for autos

Revenue Procedure 2020-37 lists depreciation limits for owners and lessees of passenger automobiles placed in service or leased in 2020.

Confusion over qualified leasehold improvements may create opportunity

Many companies miscalculate the available accelerated depreciation on qualified leasehold improvements. Is your company one of them?

Tax implications of the CARES Act on the real estate industry

Tax implications of the CARES Act on the real estate industry

The Coronavirus Aid, Relief and Economic Security Act has led to significant tax changes and relief for real estate owners and operators.

IRS issues procedures for the retroactive fix to the retail glitch

IRS issues procedures for the retroactive fix to the retail glitch

Procedures provide guidance for the retroactive expensing of qualified improvement property and reconsidering of elections.

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