{"id":599,"date":"2025-06-13T20:17:24","date_gmt":"2025-06-13T20:17:24","guid":{"rendered":"https:\/\/gtmtax.com\/?post_type=service&#038;p=599"},"modified":"2025-12-29T14:17:14","modified_gmt":"2025-12-29T14:17:14","slug":"tax-depreciation","status":"publish","type":"service","link":"https:\/\/gtmtax.com\/service\/tax-depreciation\/","title":{"rendered":"Tax Depreciation"},"content":{"rendered":"<div id=\"sh-block--146597474\" class=\"sh-block-wrapper text-block \">\n\n\n\n<!-- text-block\/render.twig-->\n<div class=\"container\">\n    <div class=\"wysiwyg layout-1col\">\n        <h3 class=\"p1\">Manage your tax fixed assets and depreciation calcs clearly and efficiently<\/h3>\n<p class=\"p1\"><a href=\"https:\/\/gtmtax.com\/insight\/tax-depreciation-understanding-the-basics\/\">Depreciation is often straightforward for books<\/a>, 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 &#8211; accurate results, transparency and automation.<\/p>\n\n    <\/div>\n<\/div><\/div>\n\n<div id=\"sh-block--2066557208\" class=\"sh-block-wrapper highlights-block \">   \n<!-- highlights-block\/render.twig-->\n<div class=\"container\">\n    <div class=\"highlights-block-inner colorway-light highlights-boxed\">\n        <header class=\"block-header\">\n            <h3 class=\"block-title heading-3\">Keys to success with your tax depreciation<\/h3>\n                    <\/header>\n                    <div class=\"block-body\">\n                <ul class=\"list-checklist\">\n                                            <li>Detailed, accurate source data<\/li>\n                                            <li>Rigorous reconciliation of assets<\/li>\n                                            <li>Configured logic and automated calculations<\/li>\n                                            <li>Thorough analysis and review<\/li>\n                                    <\/ul>\n            <\/div>\n            <\/div>\n<\/div><\/div>\n\n<div id=\"sh-block--1355298675\" class=\"sh-block-wrapper ff-block \">\n<!-- ff-block\/render.twig-->\n<div class=\"container\">\n    \n    <div class=\"ff-block-inner ff-image-right\">\n        \n        <figure class=\"block-image\">\n                                                    <img decoding=\"async\" src=\"https:\/\/gtmtax.com\/wp-content\/uploads\/2025\/07\/shutterstock_1925360147.jpg\" alt=\"Close,Up,Business,Man,Using,Calculator,And,Laptop,For,Do\" \/>\n        <\/figure>\n\n        <div class=\"block-body\">\n                            <header class=\"block-title\">Review and Assistance<\/header>\n                                        <div class=\"block-description\">\n                    <p>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.<\/p>\n<p>Many companies choose to <a href=\"https:\/\/gtmtax.com\/specialty-area\/outsourcing\/\">outsource special projects<\/a> related to tax depreciation to us such as conversion of books to ADS, acquisition integration efforts, or general cleanup activities.<\/p>\n<p>We also often perform tax depreciation calculations for many companies on an outsourced or co-sourced basis.<\/p>\n\n                <\/div>\n            \n                    <\/div>\n        \n    <\/div>\n    \n<\/div><\/div>\n\n<div id=\"sh-block--1753492271\" class=\"sh-block-wrapper ff-block \">\n<!-- ff-block\/render.twig-->\n<div class=\"container\">\n    \n    <div class=\"ff-block-inner ff-image-left\">\n        \n        <figure class=\"block-image\">\n                                                    <img decoding=\"async\" src=\"https:\/\/gtmtax.com\/wp-content\/uploads\/2025\/07\/shutterstock_2463472225.jpg\" alt=\"Whiteboard,,Woman,And,Brainstorm,In,Boardroom,,Idea,And,Strategy,For\" \/>\n        <\/figure>\n\n        <div class=\"block-body\">\n                            <header class=\"block-title\">Software Implementation, Enhancement and Support<\/header>\n                                        <div class=\"block-description\">\n                    <p>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).<\/p>\n\n                <\/div>\n            \n                        <footer class=\"block-action\">\n                \n<!-- link.twig-->\n<a class=\"btn\" href=\"https:\/\/gtmtax.com\/service\/tax-automation\/\" ><span>Tax Automation<\/span><i class=\"icon\" aria-hidden=\"true\"><svg width=\"36\" height=\"10\" viewBox=\"0 0 36 10\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<g id=\"Property 1=Right\">\n<path id=\"Arrow 2 (Stroke)\" d=\"M31.4648 1.46484C31.6601 1.26958 31.9766 1.26958 32.1719 1.46484L35.3535 4.64648C35.5488 4.84174 35.5488 5.15825 35.3535 5.35351L32.1719 8.53515C31.9766 8.73041 31.6601 8.73041 31.4648 8.53515C31.2696 8.33989 31.2696 8.02338 31.4648 7.82812L33.793 5.5L1 5.49999L1 4.49999L33.793 4.5L31.4648 2.17187C31.2696 1.97661 31.2696 1.6601 31.4648 1.46484Z\" fill=\"white\"\/>\n<\/g>\n<\/svg>\n<\/i><\/a>            <\/footer>\n                    <\/div>\n        \n    <\/div>\n    \n<\/div><\/div>\n\n<div id=\"sh-block--1803440046\" class=\"sh-block-wrapper quote-block \">\n<!-- quote-block\/render.twig-->\n<div class=\"container\">\n\n    \n                    \n    \n\n\n\n\n\n<!-- _partials\/quote\/slide.twig-->\n<blockquote class=\"quote-standard colorway-gray quote-smaller\">\n    <div class=\"quote-body\">\n        <span class=\"quote-mark icon\"><svg width=\"57\" height=\"41\" viewBox=\"0 0 57 41\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M17.6744 0.695312H25.1163V8.13718H19.5349C12.093 8.13718 8.37209 11.8581 8.37209 19.3V22.0907H18.6046V40.6953H0V18.3697C0 7.20695 6.32558 0.695312 17.6744 0.695312ZM49.4884 0.695312H56.9302V8.13718H51.3488C43.907 8.13718 40.186 11.8581 40.186 19.3V22.0907H50.4186V40.6953H31.8139V18.3697C31.8139 7.20695 38.1395 0.695312 49.4884 0.695312Z\" fill=\"#6B8BFF\"\/>\n<\/svg>\n<\/span>\n        <p>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.<\/p>\n            <\/div>\n    <footer class=\"quote-source\">\n                <div class=\"source-body\">\n            <p class=\"source-name\">Bonnie Baskin<\/p>\n            <p class=\"source-title\">Director, Income Tax at Airgas<\/p>\n\n            \n        <\/div>\n    <\/footer>\n<\/blockquote>        \n    \n<\/div><\/div>\n\n<div id=\"sh-block--1150222524\" class=\"sh-block-wrapper tiles-block \">\n<!-- tiles-block\/render.twig-->\n<div class=\"container\">\n    <div class=\"tiles-block-inner\">\n                    <header class=\"block-header\">\n                <h3 class=\"block-title\">How we work with you<\/h3>\n            <\/header>\n                            <div class=\"block-body\">\n                <ul>\n                                            <li>\n                            \n<!-- card-tile.twig-->\n<div class=\"card card-tile bg-yellow\">\n            <header class=\"card-header\">\n            <figure class=\"card-image\">\n                <img decoding=\"async\" src=\"\/wp-content\/themes\/gtmtax\/assets\/img\/gtm-icon-work-cosourced.svg\" alt=\"Icon for Co-sourced\" \/>\n            <\/figure>\n        <\/header>\n        <div class=\"card-body\">\n        <p class=\"card-title\">Co-sourced<\/p>\n                    <div class=\"card-description\">\n                <p class=\"p1\">Whether leading or supporting your operational needs, we become an integrated part of your tax function, working side-by-side with your team.<\/p>\n\n            <\/div>\n            <\/div>\n<\/div>\n                        <\/li>                        \n                                            <li>\n                            \n<!-- card-tile.twig-->\n<div class=\"card card-tile bg-periwinkle\">\n            <header class=\"card-header\">\n            <figure class=\"card-image\">\n                <img decoding=\"async\" src=\"\/wp-content\/themes\/gtmtax\/assets\/img\/gtm-icon-work-outsourced.svg\" alt=\"Icon for Outsourced\" \/>\n            <\/figure>\n        <\/header>\n        <div class=\"card-body\">\n        <p class=\"card-title\">Outsourced<\/p>\n                    <div class=\"card-description\">\n                <p class=\"p1\"><a href=\"https:\/\/gtmtax.com\/specialty-area\/outsourcing\/\">Our outsourcing model<\/a> delivers the best people and processes, providing a streamlined, cost-effective solution.<\/p>\n\n            <\/div>\n            <\/div>\n<\/div>\n                        <\/li>                        \n                                            <li>\n                            \n<!-- card-tile.twig-->\n<div class=\"card card-tile bg-red\">\n            <header class=\"card-header\">\n            <figure class=\"card-image\">\n                <img decoding=\"async\" src=\"\/wp-content\/themes\/gtmtax\/assets\/img\/gtm-icon-work-project-based.svg\" alt=\"Icon for Project-based\" \/>\n            <\/figure>\n        <\/header>\n        <div class=\"card-body\">\n        <p class=\"card-title\">Project-based<\/p>\n                    <div class=\"card-description\">\n                <p class=\"p1\">Our project-based solutions offer specialized support in technology, planning, assessment, integration and other key initiatives.<\/p>\n\n            <\/div>\n            <\/div>\n<\/div>\n                        <\/li>                        \n                                    <\/ul>\n            <\/div>\n            <\/div>\n<\/div><\/div>\n\n<div id=\"sh-block--1338635495\" class=\"sh-block-wrapper people-block \">\n\n<!-- people-block\/render.twig-->\n<div class=\"container\">\n    <div class=\"people-block-inner\">\n                    <header class=\"block-header\">\n                <h3 class=\"block-title\">Meet our tax depreciation lead<\/h3>\n            <\/header>\n                            <div class=\"block-body\">\n                <ul>\n                                                                                                \n                        \n                        <li>\n                            \n<!-- card-person.twig-->\n<a href=\"https:\/\/gtmtax.com\/bio\/bill-mcclain\/\" class=\"card card-person card-person-hover-bg-red card-person-hor\">\n            <figure class=\"card-image\">\n            <img decoding=\"async\" src=\"https:\/\/gtmtax.com\/wp-content\/uploads\/2025\/07\/Bill-McClain-1.png\" alt=\"Photo for Senior Tax Manager\" class=\"bg-red\" \/>\n        <\/figure>\n        <div class=\"card-body\">\n        <p class=\"card-title\">Bill McClain<\/p>\n        <p class=\"person-title\">Senior Tax Manager<\/p>\n                    <footer class=\"card-footer\">\n                <span class=\"action action-sm\">Read Bio<\/span>\n            <\/footer>\n            <\/div>\n<\/a>                        <\/li>                        \n                                    <\/ul>\n         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