SOURCE: PowerPlan Inc.

PowerPlan Inc.

August 04, 2015 15:14 ET

PowerPlan Announces White Paper on Long-Term Service Agreements: Suggests Taking Advantage of Tangible Property Regulations

ATLANTA, GA--(Marketwired - August 04, 2015) - PowerPlan, the leading accounting, tax and capital budgeting optimization platform for capital asset-intensive businesses, announces today the release of a new white paper, which highlights how the IRS's final regulations governing repairs and capitalization on Long Term Service Agreements (LTSAs) can be leveraged to improve your tax strategy. The new whitepaper "Do You Know What's in Your Long Term Service Agreement? (LTSA)" is available at no cost to download.

LTSA's offer companies relatively fixed long-term maintenance costs and contractually-incentivized support. However, the contracts for these agreements can be complex and vague. It is not uncommon for tax departments to oversimplify an LTSA's costs by making broad assumptions regarding what constitutes a current deductible repair versus what is a capitalized expense. This new whitepaper discusses the importance of understanding the components of LTSA agreements to determine the appropriate tax treatment.

To read the complete white paper click this link:

About PowerPlan

PowerPlan is an enterprise software company devoted to helping asset-centric businesses optimize their financial performance. PowerPlan combines purpose-built software for asset centric accounting, tax, regulatory and budgeting with domain expertise to help executives generate cash, mitigate compliance risk and enable a culture of cost management. PowerPlan manages more than $2.3 trillion in customer assets, including 96 of the top 100 utilities, the top 4 railroads and the top 3 midstream oil and gas companies. PowerPlan is a privately held company based in Atlanta, GA. For more information, call 678-223-2800; email; or visit

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