Tax Compliance & Reporting Services
Understanding Fixed Asset Recordkeeping Implications for Taxation
Fixed assets carry important tax implications at the state, federal, and international levels. Inaccurate or poorly maintained records can lead to overpayment of federal and property taxes, increased exposure to audits, and overlooked opportunities for tax savings and incentives.
CPCON helps clients navigate the complexities of fixed asset management to minimize overpayments, mitigate risk exposure, and maximize tax benefits.
Cost Segregation Studies
Accelerate depreciation deductions and improve cash flow through detailed engineering-based cost segregation analysis.
(Federal tax deferral or deduction)Renewal Energy Segregation Studies
Maximize tax benefits for renewable energy investments through detailed analysis and validation services.
(Federal tax deferral or immediate deduction)Tangible Property Regulations Services
Ensure compliance with complex tangible property regulations while maximizing available tax benefits.
(Federal tax deferral or immediate deduction)Tax Purchase Price Allocation
Strategic allocation of purchase price to optimize tax positions in asset acquisitions.
(Federal tax deferral or immediate deduction)Property Tax Asset Listing & Reconciliation
Comprehensive inventory management and reconciliation procedures to identify opportunities for property tax reduction and potential refunds.
(State & local tax reduction or refund)Property Tax Exemption Studies
Identify and document pollution control equipment and other assets eligible for property tax exemptions to reduce tax liability.
(State & local tax reduction or refund)Property Tax Cost Segregation Studies
Specialized analysis to identify and reclassify assets for property tax purposes, resulting in reduced assessments and tax savings.
(State & local tax reduction or refund)Property Tax Valuation Services
Expert analysis and documentation to challenge excessive property tax assessments and secure fair valuations for your assets.
(State & local tax reduction or refund)Prominent Use Study
Detailed analysis of asset utilization to identify tax-advantaged classifications and secure favorable treatment under state and local tax codes.
(State & local tax reduction or refund)FIRPTA Study
Comprehensive analysis to determine Foreign Investment in Real Property Tax Act (FIRPTA) implications and optimize international real estate transactions.
(Federal tax compliance)Industry Insights
Stay informed with the latest tax compliance trends and regulatory updates affecting your industry.
ASC Accounting Standards Codification
Welcome to the world of ASC Accounting Standards Codification, a comprehensive guide that aims to unravel the complexities of financial reporting and provide a solid foundation for understanding and applying accounting standards.
Read MoreWhat is Asset Tracking? Your definitive guide to maximizing asset utilization
Discover what is asset tracking and learn how to increase efficiency and optimize asset management to improve the performance of your business.
Read MoreFixed Asset Reconciliation: Why can ignoring this process be costly?
Discover the risks of neglecting fixed asset reconciliation: Why can ignoring this process be costly for your business's financial health.
Read MoreReady to Optimize Your Tax Position?
Our team of experts is ready to help you navigate complex tax regulations and identify opportunities for savings.
