Manufacturers across the nation are grappling with mounting pressures:
- Economic uncertainty
- Workforce shortages
- Supply chain instability
- Accelerating technology changes
Manufacturers can navigate these issues through smarter management of assets and real estate investments. Proper Fixed Asset Management and Cost Segregation can deliver tangible operational and financial improvements.
Fixed Asset Management
With proper fixed asset management, manufacturers can:
- Improve Asset Utilization: Identify idle, underperforming, or obsolete equipment to maximize use of existing resources.
- Ensure Accurate Financials: Automate depreciation and reporting for audits and tax filings.
- Reduce Repair Costs: Implement proactive maintenance programs to avoid expensive emergency fixes.
- Make Better Capital Decisions: Leverage real-time data for smarter budgeting and resource allocation.
- Gain Control Over Spare Parts: Tie fixed asset tracking to inventory systems to prevent shortages or overstocking.
Cost Segregation
For companies investing in new buildings, renovations, or expansions, a cost segregation study can unlock hidden value:
- Accelerate Depreciation: Reclassify eligible portions of a property to shorter recovery periods for faster tax savings.
- Enhance Cash Flow: Free up capital that can be used to hire, buy equipment, or weather slowdowns.
- Stay Compliant: Maintain proper documentation and asset classification for IRS standards.
- Plan Ahead: Use findings to inform future facility investments or dispositions.
These tools are more than accounting; they provide resilience and readiness in a highly competitive environment.
If you’re looking to strengthen your operations and financial standing, we’re happy to share examples, case studies, or talk through how this might apply to your business.
Ask How Your Company Can Benefit Fixed Asset Management and Cost Segregation!
About Paragon International
Serving clients since 1985, Paragon International, Inc. provides independent, impartial and accurate cost segregation analyses, and property valuations and appraisals to assist in and support decisions related to taxes, risk management, investment, financing and corporate planning. Our consultants have extensive fixed asset experience – they’re fixed asset experts. Because of that we are able to offer a unique combination of irreplaceable human resources and advanced technology. We have specialists experienced in valuing closely-held securities, patents and other intangible assets, business enterprises, buildings, equipment and real estate. In addition, Paragon provides complete inventory and asset management services and solutions, including software customization and training, barcode labels and scanners, and tailored inventory services such as data conversion and integration, asset inventories, asset policies, cost reconciliation, and appraisal services. Contact Paragon International to discover how we can help you.
