Tax Depreciation

Tax Depreciation
Practice Leads

James Ford

Managing Director, SALT, Sales & Use Tax Compliance

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Cody Dougherty

Manager, Tax Depreciation Services

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Managing Fixed Asset Tax Deprecation

Tax depreciation is an ongoing challenge for companies. Intricate rules and regulations around capitalization policies and the complexity of calculating tax depreciation, property tax reporting, and IRS tax law changes make the process cumbersome. The task of properly accounting for tax depreciation and maintaining depreciation systems is overwhelming for today’s tax departments, who are stretched thin by changing regulations and rapidly shifting work environments, and who lack the resources to give tax depreciation the level of attention that it needs. 

Let GTM support your tax department and improve your financial outcomes with its full suite of tax depreciation services. We can help improve your current system, offer advice on best practices, and assist with the selection and implementation of a tax depreciation solution for your organization. Or we can take tax depreciation off your plate entirely and manage the entire function for you.

Process Improvement, Reporting, and Automation

GTM’s tax depreciation professionals will perform a comprehensive analysis, examining your current depreciation procedures and systems and can provide detailed recommendations to streamline processes and increase efficiencies. 

Leveraging the latest technology solutions, GTM’s tax depreciation professionals help you automate and reconcile data, reducing your reliance on cumbersome manual processes. Aligning data with your approach and preparing it for your system is a key element of our process improvement services.

Software Implementation

Our skilled team combines automation experience and depreciation expertise to assist clients with fixed asset system design, implementation, upgrades, customizations, and maintenance. We perform system implementations, check-ups, recommend process improvements, and are available for ongoing help desk support. We work with all major platforms, including Sage Fixed Assets and others.

Co-Sourced and Outsourced Services

GTM has the capability to either co-source or fully outsource your tax depreciation function. We can customize our services to best meet your tax department’s needs, extracting client data from its original source and transforming into importable files, or using data that you provide to update your data and provide monthly, quarterly, and annual updates for transactions. 

Our certified professionals are trained in the latest systems and can help you maintain your existing system, or for added savings, use our platform.

Tax Depreciation Insights