Unlock tax savings and cash flow for your clients with expert fixed assets strategies.Â
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.Â
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.Â
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. Â
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. Â
Cost segregation studies reclassify assets into shorter depreciable lives. Combining this with TPR studies:Â 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).
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.
Properties requiring frequent repairs or renovations can especially benefit from TPR studies.
These studies help property owners:
