Seattle, Washington – February 10th 2011. site|folio releases fully-integrated tax depreciation strategies for finance departments providing direct visibility into real-time depreciation schedules without the working knowledge of the building systems that make up the assets. These strategies are derived by construction personnel Capital Budgets and does not require them to have an understanding of the requirements to properly segment the costs for the ‘finance tax specialist’ depreciating the assets.

Project Budgets can accurately inform your finance and tax departments of the asset depreciation for the Proforma calculations proactively. sitefolio’s Capital Budgeting Edition makes it possible by enabling our customers to incorporate your tax depreciation strategy into their approval process. A real-time view into these strategies can reduce the number of mistakes and the amount of post-mortem exercise by the finance department.

This critical business generates depreciation schedules with little or no effort – eliminating penalties by the IRS and the loss of the anticipated depreciation. A recent ICSC Newsletter (link) best-selling author Paco Underhill was asked what legislative issues will affect the retail landscape in 2011. His response:

“Retail has the right to ask that depreciation schedules get reviewed. The five-year window for construction and fixture costs has not been reconsidered in the past 20 years. The increased use of pop-up stores and focus on technology suggests that retail can look at the trade show industry and look for shorting the ability to write off their construction and technology expenditures.”

Companies undertaking construction, renovation, or purchase of a building, as they may be eligible for substantial state and federal tax savings through sound cost segregation.

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