Easier way to calculate your company’s tax depreciation
https://sh.hicron.com/case-studies/easier-way-to-calculate-your-companys-tax-depreciation/
Case study

Easier way to calculate your company’s tax depreciation

Take everything into account when you are counting tax depreciation of your business properties
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The Business Challenge

  • Industry
    Real estate

Our client is a company that buys and manages real estate and movable property that can be depreciated. As a parent company with many subsidiaries, our client found it challenging to calculate the amount of depreciation that they can deduct from tax. 

Previously, they were calculating that amount for each month using tools such as Excel sheets. However, many factors affected the amount – for example, each renovation of the client’s buildings and objects. Counting the tax deduction took a lot of time, especially since it had to be done for many subsidiaries. The client wished to make this process not only faster but also easier.

Our Solution

We solved the client’s problem by developing an application for calculating the depreciation.

The application takes everything into account – changes in the value of an object due to passing time, its renovations, the time of depreciation… Thanks to that, the calculations are precise. What is more, the software divides the amount among the subsidiaries, saving the employees even more time.

The application was written in ASP.NET, NPS, with SQL database and NHibernate.

Benefits

Employees do not need to put countless hours into calculating complicated depreciation and tax deductions. The tasks that previously took the many days of work, now are performed by the application in a matter of minutes. It saves a lot of time and money for the company.

Technologies We Used

Testimonials

What our partners say about us

After carefully evaluating suppliers, we decided to try a new approach and start working with a near-shore software house. Cooperation with Hicron Software House was something different, and it turned out to be a great success that brought added value to our company.

With HICRON’s creative ideas and fresh perspective, we reached a new level of our core platform and achieved our business goals.

Many thanks for what you did so far; we are looking forward to more in future!

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Jan-Henrik Schulze
Head of Industrial Lines Development at HDI Group

Hicron is a partner who has provided excellent software development services. Their talented software engineers have a strong focus on collaboration and quality. They have helped us in achieving our goals across our cloud platforms at a good pace, without compromising on the quality of our services. Our partnership is professional and solution-focused!

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Phil Scott
Director of Software Delivery at NBS

The IT system supporting the work of retail outlets is the foundation of our business. The ability to optimize and adapt it to the needs of all entities in the PSA Group is of strategic importance and we consider it a step into the future. This project is a huge challenge: not only for us in terms of organization, but also for our partners – including Hicron – in terms of adapting the system to the needs and business models of PSA. Cooperation with Hicron consultants, taking into account their competences in the field of programming and processes specific to the automotive sector, gave us many reasons to be satisfied.

 

PSA Group - Wikipedia
Peter Windhöfel
IT Director At PSA Group Germany

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