Asset Accounting for Your Business

ACCOUNT FOR YOUR ASSETS

Your business assets represent a significant part of your investment -- which means that you cannot afford to overlook their value to your business, whether your own a multi-unit apartment building or a fleet of trucks. Effective management of your fixed assets, including proper capitalization of their tax benefits, is essential throughout the life of your business.

At McKay Tax & Accounting, we know that there are a lot of technical aspects of asset accounting that can be difficult to manage when you lack experience. We offer our clients inventory and asset management solutions that make the whole process easier.

HOW WE HELP WITH YOU WITH ASSET ACCOUNTING

Starting early with a good, solid system can help you avoid unnecessary complications and expenses later on. It helps prevent losses through improper valuation and faulty tax calculations. We can assist you with:

• Identification and valuation of all your fixed assets, including land, equipment, buildings and vehicles
• Calculation and tracking of their value and depreciation over multiple years for the purposes of taxation
• Calculation of salvage value at the end of an asset’s useful life if the asset has any residual worth
• Asset managements, through tracking of type, condition, usage, market fluctuations and other relevant factors to your industry
• Streamlined accounting, bookkeeping, tax preparation services in regards to both your assets and your business as a whole
• Assistance understanding the process of asset accounting for those who simply need our support services
• Tracking of leasehold improvements and capitalization of any right-to-use assets

Many business owners find this part of their job the most arduous -- more time-consuming and difficult to manage than any other task. We are happy to take on those accounting burdens so you can get back to the real work involved in your business.

LET US HELP SIMPLIFY THIS PART OF YOUR BUSINESS

You need to know that you can trust the company that is handling your books. Fortunately, Richard McKay has more than 35 years of hands-on business accounting experience. He takes each client relationship to heart and is not happy unless you are happy.

Reach us at 801-731-1857 or online at RMCKAY@MCKAYTAX.COM. While we are based in Roy Utah, we assist clients throughout the larger area and nation.

We believe in empowering our clients to do more.