Services
Free Review
 
Fixed asset and Depreciation PDF Print E-mail
Written by Administrator   
Thursday, 11 December 2008 22:12
Most businesses do not have a capitalization policy in place. Quite often items that can be expensed are capitalized and sometimes for the incorrect period of time. Sometimes business continue to depreciate fixed assets that have been disposed off or impaired because they don’t have up to date schedules.

Depreciation rules are changing constantly and it is difficult for business to plan ahead and take advantage of some of the tax breaks that the government offers.

Depreciation planning should be done in advance of tax filing or before the books of the business are closed as it can result in large tax savings.

Services we provide:
  • Writing a capitalization policy
  • Monitoring assets for impairment
  • Gain or loss on sale or exchange of assets
  • Book tax differences in depreciation
  • Depreciation planning
Last Updated ( Thursday, 19 March 2009 01:35 )
 
 
New For 2009

We can help develop and maintain your profitability model. Call us for a free on-site consultation

 
Sep 15, 2010
Pay the third installment of your estimated tax for 2010. >>
Sep 15, 2010
Partnership and LLC Estimated Tax Payments Due (For payments required to be made on behalf of partne >>
Sep 15, 2010
Corporation Tax Return Due for Calendar Year Filers Who Requested Six Month Extension to File >>
Sep 15, 2010
Corporation Tax Estimated Tax Payments for Calendar Year Filers Due >>
Sep 15, 2010
S Corporation Return Due for Calendar Year Filers Who Requested an Extension >>