Companies with extensive fixed assets often spend significant time and effort capturing, validating, reconciling, and reporting fixed assets and related depreciation data. A common theme with the tax accounting treatment of fixed assets is "tax follows book." Without an effective tax fixed asset planning process or a well-defined tax capitalization policy, however, improper tax treatment of assets can occur resulting in tax loss savings, increased costs, and potential compliance risks. KPMG LLP's (KPMG) Fixed Asset Services professionals can help companies in all industries--from middle market to global enterprises, consumer goods to defense contractors--achieve greater tax efficiency.
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