Repair and Maintenance Studies

Restaurants, hotels, and store owners should consider employing a repair and maintenance study to determine if their assets are properly classified. You could be paying a high price for assets improperly labeled as a capital expense, which is not tax deductible. The professional team at Scott and Company will assess your current operations, identify how your units of property are categorized, and review if repair and maintenance expenses were labeled correctly. Our goal is to not only reduce your tax burden, but potentially help you obtain a refund for improperly categorized taxes paid in the past.

The following are a few of the services we provide through a repair and maintenance study:

Building and property maintenance evaluation
Cost analysis for purchase decisions
Equipment maintenance evaluation
Fixed asset depreciation
Lease expense assessment
Purchase or sale of equipment and real estate
Replacement studies