Today's environment demands that businesses make both environmentally responsible and financially sound decisions, and that may mean examining all aspects of the supply chain and production process - for example, to find potential savings opportunities. Through strategic asset management and recovery, companies are identifying depreciated assets that can be sold or recycled, and are looking for strategies that will increase revenue, improve internal efficiencies and preserve the overall value of their business assets.
Supply management and investment recovery professionals in the United States need to know about a powerful tax strategy that drives cash flow and can be easily integrated into their disposition planning - called like-kind exchange (LKE), also known as "1031 exchange." This well-established tax strategy allows companies to defer capital gains tax on assets sold if the proceeds are reinvested into assets that are like-kind or similar. For most companies, this could mean millions of dollars in cash flow savings.
Read Full Article
Timely, incisive articles delivered directly to your inbox.