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Hometown Inventory, LLC announced the opening of its Business Asset and IT Inventory Division which helps small to large businesses document and track their assets. Hometown Inventory, LLC has been operating its Home Inventory business in Utah for more than two years, helping homeowners document their valued possessions.
This new division will cater specifically to businesses by documenting all electronics and IT equipment, furniture, artwork, etc. An inventory of these assets help businesses know what equipment has been assigned to which employees and can help save money on redundant or unnecessary services.
A Business Asset and IT Inventory also helps companies at tax time. Depreciation improves a company’s cash flow and lowers their taxable profits by amortizing the costs of assets over a period of time. Nearly all of the reporting requirements for corporations require a balance sheet be submitted as part of an IRS filing. If the IRS should question those numbers, third party asset inventory will add credibility and document a fixed asset section of the balance sheet, as well as verifying the depreciation taken on those assets.
Having a detailed list of assets during structural changes such as moves, mergers, acquisitions, expansion, and construction or during the loan process, simplifies these occurrences.
Hometown Inventory, LLC is a privately owned company dedicated to giving clients a uniquely personalized service. The company digitally photographs the contents of homes or businesses with detailed documentation, including model and serial numbers. For more information, visit www.HometownInventory.com.