Along with the growth in number of partnerships and LLCs comes the burden of the compliance efforts involved in technical terminations.
In asset-intensive industries, a technical termination can result in a nontrivial amount of additional effort and cost for tax departments.
One way to reduce the burden is by automating as much of the effort as possible. Fixed assets software designed to handle complex tax situations such as technical terminations can save time and money as well as improve the accuracy of fixed assets management and depreciation.
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