Manage your tax fixed assets and depreciation calcs clearly and efficiently
Depreciation is often straightforward for books, but a real challenge for tax. Having to manage large amounts of data, various depreciation methods, and unique requirements such as bonus and state rules is just the beginning. At GTM, we can help you with tax depreciation in various ways, but the end goals are always the same – accurate results, transparency and automation.
Keys to success with your tax depreciation
- Detailed, accurate source data
- Rigorous reconciliation of assets
- Configured logic and automated calculations
- Thorough analysis and review
A comprehensive review of your current depreciation procedures will help you work smarter and faster. Our team can perform these reviews very efficiently by leveraging technology solutions that automate and reconcile data. From there we can develop options for how to address your ongoing needs in ways that are most effective for you.
Many companies choose to outsource special projects related to tax depreciation to us such as conversion of books to ADS, acquisition integration efforts, or general cleanup activities.
We also often perform tax depreciation calculations for many companies on an outsourced or co-sourced basis.
Leverage technology to streamline tax depreciation calculations. System implementations, customizations, diagnostics, and ongoing support ensure optimal performance across major platforms, including Sage Fixed Assets (FAS), Bloomberg (BNA), and PowerPlan (TFA).
Several years ago, we approached GTM as a provider of our fixed asset reporting. During procurement, we were impressed with how GTM was able to overcome our numerous fixed asset issues where other solutions fell short. Since then, GTM has been instrumental within our tax department, providing us fixed asset reporting for our U.S. consolidation. GTM continues to be extremely flexible with our ever-changing needs as a result of law changes. We know we can rely on GTM when deadlines are tight.
How we work with you
-
Co-sourced
Whether leading or supporting your operational needs, we become an integrated part of your tax function, working side-by-side with your team.
-
Outsourced
Our outsourcing model delivers the best people and processes, providing a streamlined, cost-effective solution.
-
Project-based
Our project-based solutions offer specialized support in technology, planning, assessment, integration and other key initiatives.
