Fixed Asset Outsourcing & Consulting
Make your fixed assets work for you.
Managing fixed assets can be a time-consuming and complex task, often putting a strain on resources and people. Processing fixed asset data that bridges financial statements and tax books leads to inefficiencies and reporting that is not aligned.
Eide Bailly's Fixed Asset Outsourcing & Consulting practice offers a comprehensive solution to streamline and optimize your fixed asset management. We will alleviate the burden of fixed asset management by evaluating your existing processes and procedures, providing recommendations on best practices, and leveraging new technologies.
Our Services Include:
- Fixed Asset Tax Optimization: A detailed review of historical and current capital activity can uncover missed deductions and improve the tax treatment of future additions. Areas may include repairs and maintenance, qualified improvement property, partial dispositions, qualified production property, removed or retired assets, recovery periods, depreciation methods, and other capital cost recovery opportunities.
- Ledger Cleanup & Reconciliation: We help reconcile fixed asset subledgers to the general ledger, address incomplete or outdated records, incorporate prior adjustments, and improve asset descriptions and classifications. Cleaner records support more efficient audits, reliable depreciation, and better decisions when assets are transferred, renovated, replaced, or disposed of.
- Asset Tracking and Management: Comprehensive tracking of all fixed assets, from acquisition to disposal.
- Depreciation Calculation: Accurate calculation of depreciation using the latest laws and regulations.
- Reporting and Compliance: Detailed reporting and compliance with federal, state, and local tax requirements.
- Data Flow: Enhanced gathering and validation of data through reconciliation between accounting and tax functions.
- Credits & Incentives: Cross reference historical tax fixed assets and construction in-progress ledgers with the latest laws and regulations to identify tax saving opportunities.
Answer a few questions to help us understand your Fixed Asset situation.
Get StartedIt’s time to transform your fixed asset management.
Reduce overhead costs and free up valuable resources by outsourcing your fixed asset management.
Our team specializes in understanding ever-changing tax laws and leveraging resources to meet your tax saving objectives.
Fixed Asset Outsourcing & Consulting Leadership
Mark Rogers
Partner
Mark has over 20 years of experience helping taxpayers identify and implement cashflow strategies made available through building, acquiring, renovating and designing property. Now, courtesy of recent legislation, Mark is helping nonprofits and exempt organizations monetize energy incentives to help their funding. As a leader in the Business Credits & Incentives arena, Mark oversees a national team of CPAs, Professional Engineers, energy modelers, LEED professionals, architects, HERS raters and construction specialists. The BCI group has professionals with wide industry experience performing Research & Development, Employee Retention Credit, Fixed Asset Outsourcing, 179D energy deduction, Cost Segregation, 45L residential energy credit, 45 Production Tax Credits, 48 Investment Tax Credits, Tangible Property Regulations and Asset Relifing studies.