Intaxication: The Red Moon Solutions Tax Blog

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How Did I Get Stuck with this Job?

Posted by Kelley Lear on Jan 12, 2012 in Compliance, Empowerment Series, Fixed Assets, Process Improvement, Tax, Tax Planning | 0 comments

Over the years, I have been to many different tax and industry conferences across the country, and have worked with small to large global corporate tax departments…and it is interesting how many times I have heard the phrase, “I don’t know how I got stuck with this job, but I have been doing it for years”. Typically, this is related to one aspect of their job such as exemption certificate management, 1031 exchanges, property taxes, or fixed assets management and compliance. Sometimes however, the tax professional may even have that tax function as their full time job! Yikes. I am sure that is not what every budding starry-eyed college student dreams of doing while toiling away at their studies and attending college frat parties.

Here’s a Quick Way to Start Evaluating Fixed Asset Software Vendors

Posted by Traci Wheeler on Dec 15, 2011 in December, Fixed Assets, Software, Tax | 0 comments

So, you have decided you are going to try and purchase new fixed asset management software for tracking depreciation expense on your fixed assets. Now, what should you do? First, you may get a list together of things you do and do not like about your current fixed asset software or method for tracking depreciation. Second, you may compile a list of things you definitely want to have in your new fixed asset software. Once you have gotten all of this information together, you may check with your peers to see what fixed asset software they are using and what they do and do not like about their current asset management software.

What Would It Take To Scare You in Tax This Halloween?

Posted by Traci Wheeler on Oct 26, 2011 in Events, Fixed Assets, Tax | 2 comments

Witches flying on brooms. Ghosts haunting houses. Pumpkins carved with creepy faces. Halloween can conjure up images of all kinds of scary creatures and things. While I think some tax pros would admit they would prefer to deal with some of the scary creatures above instead of what they are currently dealing with in the form of auditors and tax authorities, these are not the kinds of things that scare people in corporate tax departments today.

What it would take to scare you in the tax department this Halloween? Is it transfer pricing issues? Increased audit exposure? Lack of appropriate resources?

Impairments Getting You Down?

Posted by Kelley Lear on Oct 19, 2011 in Finance, Fixed Assets, Tax Planning | 0 comments

I just read an interesting report by Ernst & Young, LLP, called “Meeting Today’s Financial Challenges: Impairment reporting: improving stakeholder confidence”. Thought I would share some of the key points I learned from the article. It is particularly interesting to me these days since we deal with so many accounting and tax professionals that need to handle impairments on a regular basis. Additionally, the question of needing to fully automate regular impairments comes up more and more in talking with clients who are using or are getting on board using our Fixed Assets Manager (FAM) product (all of which we easily handle in FAM).

Fixed Assets Data Conversion: What Every Tax Pro Should Know

Posted by Traci Wheeler on Oct 12, 2011 in Fixed Assets, Software, Tax | 0 comments

When a tax department is evaluating new fixed assets software, they typically want to know the effort involved to convert fixed assets data from their existing fixed assets software package. Rightfully so, since the entire conversion process often makes up the biggest part of any fixed asset software implementation project.

In an effort to provide some perspective around the effort to convert fixed asset data, I have compiled some thoughts based on my experience on these types of fixed asset software projects.

Fixed Asset Software: What Does It Cost?

Posted by Traci Wheeler on Sep 28, 2011 in Fixed Assets, Software, Tax | 2 comments

There are lots of questions people ask when evaluating new fixed asset software, but one question always comes up. How much does fixed asset software cost? This is not always an easy question to answer, because fixed asset depreciation software costs will vary greatly depending on the approach you are taking. For example, are you looking to purchase a fixed asset depreciation software module that is part of a larger financial system, like SAP or Oracle? Or are you leaning toward a 3rd party fixed assets solution that focuses primarily on depreciation methods and depreciation expense. I am going to focus on the cost of 3rd party fixed asset software here.

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Blog Authors

Jim Shedivy

Jim focuses on the long term strategy and the alliance opportunities for Red Moon Solutions, a privately held family business. He has over twenty years of experience in managing tax technology projects and businesses.

Kelley Lear

Kelley is a member of the executive leadership team and leads our sales and marketing efforts at Red Moon Solutions. Kelley’s extensive experience in project management, product management, and consulting with Fortune 500 and Global 1000 clients is extremely important in this role.

Susan Sabatini

Susan Sabatini is the Client Services Manager at Red Moon Solutions. She uses her project management experience and a client focus to ensure Red Moon Solutions’ clients have successful implementations. Susan also leads our client support team.

Traci Wheeler

Traci is a member of the executive leadership team and leads our sales and marketing efforts at Red Moon Solutions. She has over ten years of software business experience serving small and large clients in a variety of industries.