Unlock tax savings, improve cash flow, and ensure compliance with IRS regulations for your clientsÂ
Fixed Asset Consulting aims to look through your client’s tax depreciation schedule to identify tax optimization opportunities. It helps ensure your clients capitalize only what is necessary and expense what is allowable, unlocking immediate tax savings, improving cash flow, and ensures compliance with IRS regulations.
This consulting can include Cost Segregation, Tangible Property Regulations (TPR) analysis, identification of Complete or Partial Asset Dispositions (PADS) and various other strategies for accelerated depreciation.
The deployment of these strategies can be beneficial for real estate clients as bonus depreciation continues to phase out. Â
By partnering with Source Advisors, CPA firms can elevate their fixed asset consulting services and ensure that their clients are maximizing deductions and remaining compliant with IRS regulations. Â
A TPR study helps real estate owners distinguish between capital expenditures (which must be depreciated over time) and repairs and maintenance expenses (which can be fully deducted in the year incurred). Â
Properties requiring frequent repairs or renovations can especially benefit from TPR studies.
These studies help property owners:
While bonus depreciation is declining, cost segregation studies still reclassify assets into shorter depreciable lives.
Combining this with TPR studies:
