Repair and Maintenance (R&M)
Tax Studies
Put cash back into your business now with tax deductions on property repairs and renovations. LarsonAllen can help you claim immediate tax savings on investments in repair and maintenance projects.
What’s on your mind?
- Recovering investments in property repairs and maintenance sooner than later
- Realizing significant tax benefits that result in immediate cash savings
- Minimizing taxes
- Complying with changing tax laws and regulations
Repair and maintenance study services to get you started
- Capitalized cost reviews for savings opportunities
- Purchase requisitions analysis and invoice support
- IRS filing of Form 3115 and supporting documentation
- Comprehensive reporting of repair positions
A noticeably different experience
Capital-intensive businesses like yours need a robust cash flow to keep operations moving. From roofing projects to parking lot renovations, our tax professionals help businesses across all industries maximize tax benefits and document claims on both current and past improvements. We work with your team and teach you to recognize new deduction opportunities as they arise, sharing the know-how you need to save well into the future.
A repair and maintenance (R&M) study can help you deduct expenses immediately rather than capitalizing them over the long term. Some examples of qualified expenditures include:
- Repairs to roofing, including total replacement of existing roof
- Replacements of floor, doors, and windows
- Resurfacing of parking lots
- Painting and wall coverings
- HVAC systems components and upgrades
- Lighting, electrical, and plumbing projects
Contact us for more information.