Through the use of a bar-code technology system, physical, on-site Asset Tagging helps companies gain and maintain control of their assets while increasing accuracy for financial accounting and personal property tax reporting purposes. Tagging also provides an effective way to meet the strict internal control requirements related to Sarbanes-Oxley or other external reporting requirements. We work with companies to tag and document asset-specific information in an easily accessible electronic format.
Meticulous record keeping is essential in minimizing a company’s personal property tax burden. Asset Tagging assists in not only keeping accurate records, but also controlling the location of assets and maintaining consistent and compliant valuation schedules. Taxing authorities look for consistency in reporting and asset classification within the rules and regulations of its jurisdiction. Our experts are trained to inventory, classify and report assets to authorities that are consistent, accurate and within jurisdictional regulations.