Fixed Asset Planning

When it comes to tax depreciation, most assets are simply assigned a life based on the book capitalization policy. However, this often leads to overcapitalization, loss of tax savings and potential compliance risks.

Fixed Asset Planning takes a holistic approach to your tax depreciation and leverages your past, present and future asset additions to maximize deductions on an asset-by-asset basis. Eide Bailly will diagnose your current fixed asset policy and help plan for several issues such as repair and maintenance, partial dispositions, cost segregation and componentization, bonus treatments, ghost assets, energy efficient deductions and the overall fixed asset management system used to implement a sound tax depreciation strategy.

Construction Tax Planning
A proper tax planning strategy for your construction project can help you realize immediate and long-term tax benefits. Construction Tax Planning bridges the gap between the construction process and the complex rules and regulations of tax law. A proactive construction tax plan allows for complying with current tax code, maximizing accelerated deductions and setting up the framework to realize tax benefits in the future. Identifying tax deductions early and often enhances the tax benefit and solidifies the design narrative that justifies the deductions. We can develop a comprehensive Construction Tax Plan that contemplates and quantifies several tax benefits in real time.

What to Expect
Eide Bailly can create or enhance your tax depreciation strategy to help you find those deductions that may be hidden within your fixed asset listing. Our Fixed Asset Services group is a national team of professionals experienced in construction management, architecture, engineering, energy efficient incentives and accounting that specializes in understanding how ever-changing tax laws can work to meet your tax saving objectives.