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Fixed Asset Management

Accurate tracking and management of your fixed assets is crucial for any business. These long-term investments, like property, equipment, and vehicles, represent a significant portion of your balance sheet and can have a major impact on your financial health.

At Strategic Tax Planning, we understand the complexities of calculating fixed asset accounting and depreciation. 

Schedule a free call
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Fixed Asset Management

Accurate tracking and management of your fixed assets is crucial for any business. These long-term investments, like property, equipment, and vehicles, represent a significant portion of your balance sheet and can have a major impact on your financial health.

At Strategic Tax Planning, we understand the complexities of calculating fixed asset accounting and depreciation. 

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Maximize Your Return on Investment with Our Services

  • Fixed Asset Inventory and Tracking: From equipment and machinery to furniture and vehicles, we track all your fixed assets. This ensures accurate depreciation calculations and minimizes the risk of loss or misplacement.
  • Depreciation Calculation: We follow depreciation regulations, ensuring you use the most advantageous methods for each asset. Our team can handle complex calculations including bonus depreciation, MACRS, and straight-line methods to optimize your tax deductions.
  • Cost Recovery Optimization: We identify new opportunities to claim tax deductions for qualified tangible property, research and development costs, and other eligible expenses.
  • Compliance and Reporting: Our team can ensure that your records comply with all relevant accounting and tax regulations. We will assist you in preparing accurate and timely financial statements and tax returns.
Image of desk with paperwork and a laptop

Maximize Your Return on Investment with Our Services

  • Fixed Asset Inventory and Tracking: From equipment and machinery to furniture and vehicles, we track all your fixed assets. This ensures accurate depreciation calculations and minimizes the risk of loss or misplacement.
  • Depreciation Calculation: We follow depreciation regulations, ensuring you use the most advantageous methods for each asset. Our team can handle complex calculations including bonus depreciation, MACRS, and straight-line methods to optimize your tax deductions.
  • Cost Recovery Optimization: We identify new opportunities to claim tax deductions for qualified tangible property, research and development costs, and other eligible expenses.
  • Compliance and Reporting: Our team can ensure that your records comply with all relevant accounting and tax regulations. We will assist you in preparing accurate and timely financial statements and tax returns.
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See How R&D Credits Can Benefit You

Find out how to maximize your research and development (R&D) credit benefits. Our process is focused on transparency, client service, and deep technical expertise.
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Step 1: Request Complimentary Analysis

Get a free initial consultation to discuss your business's ambitions. After the call, we will request some limited additional information to help us refine your estimated credit benefits. This step usually takes 1-2 hours of your time. 

Step 2: Receive Proposed Scope of Work

After we evaluate the information gathered, we develop an estimated benefit and lay out the R&D study methodology that will best suit your business, along with the associated timeline and fees.

Step 3: Claim Your Credits

Once the full scope of work is agreed to, we request additional information and conduct interviews in order to determine the final amount of R&D costs under section 174 for the R&D credit. We create a detailed deliverable to support the results, including substantiation for the activities included as R&D.

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Get Your Fixed Assets in Order

Choosing Strategic Tax Planning for your fixed asset management needs comes with a clear advantage. You gain a team of licensed CPAs and tax professionals who will tailor their services to your specific business. 

Get in Touch with Our Tax Professionals
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Learn About Partnering With Our Team

The Corporate Transparency Act is in effect. You can get started today by signing up to be notified for updates or by partnering with our team to proactively review your clients' business structures and tax planning strategies.

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FAQs

Unclear about our service? Dive into our FAQs for clarity and keep the questions coming.

What types of fixed assets do you manage?

We handle all types of tangible and intangible assets, including buildings, equipment, machinery, vehicles, software licenses, and intellectual property.

Can you help my business set up a fixed assets tracking system?

Yes, we can recommend and implement the right system for your business, ensuring accurate record-keeping and location tracking.

What are the benefits of property depreciation management?

Maximizing allowable deductions, minimizing tax liabilities, and ensuring accurate financial reporting are just some of the key benefits.

View Insights From Our Team

Explore our curated list of downloadable PDFs and other resources for more information. 

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From Gut Feelings to Data-Driven Decisions: Unlocking Financial Insights Beyond Compliance

Move beyond basic compliance and unlock actionable financial insights to drive smarter business decisions and sustainable growth.
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Tariffs and Accelerated Fixed-Asset Depreciation: Locking in Tax Savings Amid Rising Costs

Understand how tariffs on imported assets impact your tax deductions and how accelerated depreciation strategies like bonus depreciation and Section 179 can provide immediate tax savings.
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Unpacking the New Draft Tax Bill: Key Provisions & Potential Impacts

A newly released draft tax bill proposes significant changes to individual and business tax provisions, including making 2017 tax cuts permanent and introducing new savings incentives.
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Get Started Today

Do you have questions for tax professionals?

You can fill out the form for a free consultation to learn more about how we can help you achieve your financial goals.

Call Now - (202) 455-6010
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