Fixed Asset Planning

Are you constructing or purchasing a new building or making substantial additions or renovations?

You can dramatically increase your cash flow by properly identifying, classifying, and valuing real estate, maintenance, repairs, and other fixed asset costs. At Rehmann, we can help you uncover personal property and land improvement costs that are eligible for accelerated depreciation or other tax benefits.

Here are a few ways we assist:

• Comprehensive engineering-based studies
• Item-by-item consulting
• Limited-scope studies
• Changes in accounting methods

The rules for capitalization or expensing of certain changed with tax years starting on or before January 1, 2014. The IRS and Treasury Department have provided final regulations providing a general framework for distinguishing capital expenditures from supplies, repairs, maintenance, and other deductible business expenses. The final regulations collectively are known as the “Tangible Property Regulations.