FAS – What You Need to Know White Paper
One of the largest capital investments many companies have is their investment in their property, plant, and equipment account. So when it comes to managing your company’s fixed assets, you want to be sure you are doing it correctly.
Mismanagement can prove costly. There is the risk of missed opportunities for lucrative tax deductions, as well as the possibility of IRS penalties and interest being assessed. In addition, it can cause you to have to restate your financial statements. You can avoid all this, but it takes a bit of planning and a fundamental knowledge of fixed assets management.
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