Superior Cost Segregation Studies Powered by Fixed Assets Manager
Oct 7, 2009
Red Moon Solutions, a premier provider of specialty tax software solutions, announced that Fixed Assets Manager, its top-rated fixed asset management software, was selected as the fixed asset management tool of choice by Engineered Tax Services, Inc., an engineering, tax and accounting consulting services firm (or group). This alliance unites the best of both worlds; combining the comprehensive tax depreciation calculations and reports of Red Moon Solutions' Fixed Assets Manager, and the expertise of the Engineered Tax Services' engineers and tax professionals to provide the ultimate results for ETS' detailed Cost Segregation services.
Putting the Time Value of Money to Work for Corporations
In today's economic climate, real cash savings are key! Cost segregation studies performed by ETS allow corporations to "free" money trapped in the walls of their properties and realize immediate cash savings. ETS completes a detailed engineering projection to take construction and accounting records and break down the per unit costs of the assets and then to properly classify the assets as Sec 1245 or Sec 1250 Property. Once the breakdown is complete, the engineering data is uploaded into Fixed Assets Manager for detailed before and after tax depreciation calculations and report generation. A 481 Adjustment Report is also generated (on the assets) to compare the "before" and "after" amounts and estimated tax savings. Further, projections are prepared to show clients the first five years and how much accelerated depreciation can affect cash flow immediately. In addition, ROI is constructed and documented.
"Red Moon Solutions is a perfect fit with ETS. Their team's ability to quickly and efficiently automate data loads, calculations and reports enables us to provide summary and detailed asset reports to our clients so that they can begin to immediately reap cash flow benefits," states Kim Zillman, Senior Account Executive, Engineered Tax Services.
"We are excited to be a component of Engineered Tax Services' superior cost segregation studies solution," comments Kelley Lear, Managing Director, Red Moon Solutions.
To learn more on how this superior cost segregation solution can help you eliminate overpaying in taxes, contact Kelley Lear at 941.379.7108 or visit Red Moon Solutions' website.
About Red Moon Solutions
Red Moon Solutions takes pride in solving unique challenges for today's tax professionals. Founded by the former CIO and head of Tax Technology Enterprises for Andersen, Red Moon Solutions provides specialty tax products and services. Its solutions, Like-Kind Exchange MatchingTM and Fixed Assets ManagerTM (FAM), were built to support the tax practice of Arthur Andersen. FAM offers a way to track high volumes of assets, improve control, and ensure that financial and tax depreciation is up-to-date. Two tax process automation tools, eTaxPortal and eTaxCalendar, along with PowerOLAPTM, a cost effective business intelligence tool, are exciting new additions to the Red Moon Solutions portfolio. Red Moon Solutions is an SAP-certified integration partner.
About Engineered Tax Services
Engineered Tax Services is a licensed professional engineering & consulting firm dedicated to "Green" services nationwide providing energy tax certification studies, green construction audits, total energy & environmental solutions including emissions management, commercial insurance appraisals, R & D tax credits, client reserve studies, property tax appeals and engineered based cost segregation studies. They marry the science of engineering with the principles of tax and accounting to arrive at financial solutions that result in increased cash flow, minimize tax payments and increased ROI. These IRS sanctioned services include Cost Segregation Studies, Energy Tax Credits and Deductions, and Development credits.
