SARASOTA, Fla. - (Business Wire) Red Moon Solutions LLC, a premier provider of specialty tax software solutions, announces that the latest version of
Fixed Assets Manager™ supports the Housing Assistance Tax Act of 2008. Designed initially to support Arthur Andersen
’s internal U.S. tax practice, Fixed Assets Manager provides
comprehensive accounting and tax features and robust tax calculations along with straightforward navigation, designed to simplify daily fixed asset management tasks.
“We are proud that Red Moon Solutions’ latest release of Fixed Assets Manager supports the new legislation,” states Jim Shedivy, President, Red Moon Solutions. “While the $15.1 billion in tax incentives are targeted principally to home ownership and affordable housing, the new law also allows corporations to use their accumulated alternative minimum tax and research and development credits by electing NOT to claim the special 50-percent bonus depreciation that was allowed by the recently enacted Economic Stimulus Act of 2008. As with most tax matters, these benefits are constrained by a host of complex rules. We are pleased to help businesses take advantage of these benefits with our Fixed Assets Manager software,” adds Shedivy.
To learn more about how tax software helps sort through these complex calculations, read the full Housing Assistance Tax Act of 2008 white paper or contact Bryan Ahrens at 941.379.7114.
About Red Moon Solutions
Red Moon Solutions takes pride in solving unique challenges for today’s tax professionals. Founded by the former CIO and head of Tax Technology Enterprises for Andersen, LLP, Red Moon Solutions provides specialty tax products and services. Its solutions, Like-Kind Exchange Matching™, WorldPro™, and Fixed Assets Manager™ (FAM), were built to support the tax practice of one of the largest US accounting firms. FAM offers a way to track high volumes of assets, improve control, and ensure that financial and tax depreciation is up-to-date. PowerOLAP™, a cost effective business intelligence tool, is an exciting new addition to the Red Moon Solutions portfolio. Red Moon Solutions is an SAP-certified integration partner.
Red Moon Solutions is a trademark of Red Moon Solutions LLC.
Red Moon Solutions LLC
Stacy Shedivy
800.224.1260
stacy.shedivy@redmoonsolutions.com
