Contact Us

CPA Partner

Fixed Asset Consulting

Unlock tax savings and cash flow for your clients with expert fixed assets strategies. 

Partner With Us

Maximizing Value Through Fixed Asset Consulting

Fixed Asset Consulting is a detailed review of your client’s tax depreciation schedule to identify and maximize tax savings opportunities. It helps ensure your clients capitalize only what is necessary, and expense and/or deduct what is allowable, unlocking immediate tax savings, improving cash flow, and ensuring compliance with IRS regulations.  This consulting can include Cost Segregation, Tangible Property Regulations (TPR) analysis, identification of Complete or Partial Asset Dispositions (PADS) various other strategies for accelerated depreciation.  The implementation of these strategies can be a powerful tool to help real estate owners and investor  benefit from additional deductions as bonus depreciation continues to phase out.  

Partnering with Source Advisors Helps You Succeed

Source Advisors can help CPA firms educate and retain their clients, positively impact CPA utilization rates, minimize CPA firm and end client risk as well as help win new clients. We work side by side with our CPA Partners so you have control, complete knowledge and understanding of how we can help your clients and prospects. This allows you to consult and help decide on the best approach.  You can elevate your fixed asset services and ensure that your clients can retain more of their earnings by maximizing deductions while remaining compliant with IRS regulations.  

Fixed Asset Consulting often doubles the benefits of a traditional Cost Segregation Study.

It’s a more dynamic, sophisticated, and impactful approach.

Here’s How:

Pairing TPR Studies with Cost Segregation—Enhancing Cost Seg

Cost segregation studies reclassify assets into shorter depreciable lives. Combining this with TPR studies:

  • Identifies costs that can be expensed immediately through a safe harbor (e.g. de minimis safe harbor, routine maintenance) or as repair or maintenance
  • Identifies assets originally placed in service that are partially or completely removed during the renovation
  • Identifies costs that may be eligible for Section 179
  • Identifies assets that may not have the correct bonus depreciation
  • Source Advisors has the ability to identify Energy incentives  

Here’s Why:

Tailored Services for CPAs
R&D Tax Credit
Cost Segregation
Fixed Asset Consulting
Energy Efficiency
Sales and Use Tax
Investment Tax Credits & Production Tax Credits
LIFO
Property Tax
Service Line Collateral
CPE Course Catalog
CPE Webinars
Attending Events
Tax News
Case Studies
R&D Tax Credit
Cost Segregation
Fixed Asset Consulting
Energy Efficiency
Sales and Use Tax
Investment Tax Credits
& Production Tax Credits
LIFO
Property Tax
CPA Resources
Service Line Collateral
CPE Course Catalog
CPE Webinars
Attending Events
Tax News
Case Studies

Complexity of TPR Regulations

The Tangible Property Regulations are highly technical and detailed, requiring expertise in tax codes, engineering, and accounting standards governing fixed assets. The rules change often, which can be challenging to navigate without specialized knowledge and research.

Specialized Tools and Methodologies

Performing a comprehensive TPR study requires cost-segregation expertise, engineering-based analysis, and advanced tools to handle extensive data and provide accurate calculations. 

Risk Management

We use our precise tools to reduce the risk of errors or omission. We are experienced in defending our methodologies during audits, which reduces risk and potentially avoids penalties. 

Value Enhancement

Real estate owners are aways looking for ways to maximize profit and minimize tax burden.  We will partner with you to bridge gaps and lighten your workload, ensuring seamless support for you and your clients.   

FAQs

What Are the Immediate Expense Deductions for Repairs and Maintenance?

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).

  • TPR studies act as a complementary tool to cost segregation for your real estate clients who are seeking to maximize tax benefits, especially as bonus depreciation benefits diminish.
  • With the reduction in bonus depreciation rates, the ability to expense eligible repairs immediately becomes more valuable, offering immediate tax savings and improved cash flow.

How Can Deductions for Partial Asset Dispositions Be Maximized?

When a building improvement or renovation replaces an existing asset (e.g., a new roof or HVAC units), the TPR rules allow the owner to write off the remaining undepreciated value of the replaced asset.

What Are the Strategic Benefits of TPR Studies for Aging Properties?

Properties requiring frequent repairs or renovations can especially benefit from TPR studies.

These studies help property owners:

  • Deduct expenses for recurring routine maintenance.
  • Deduct expenditures that are not considered an improvement to the building structure or building systems.
  • Reduce the taxable income impact of ongoing property upkeep.

Let's Get Started

Ready to amplify your client offerings and discover unclaimed tax savings? Contact us today to discuss a partnership or schedule a no-obligation consultation. Let Source Advisors be your partner in empowering financial success for your clients.
Contact Us
Solutions
R&D Activities
Multi-State Business
Inventory Management
Real Estate Tax Incentives
CPA Services
CPA Tailored Services

Service Line Collateral

Webinars & Events

CPE Course Catalog

Tax News

Resources

Webinars & Events

Tax Guides

Case Studies

Tax News

Blogs

Industries

About Us

Meet Our Team

Careers

Pay it Forward

Company News

Contact Us

Client Portals | Login