Netgain launches fixed asset tax depreciation solution

Netgain has introduced a fixed asset tax depreciation solution called NetAsset Tax Pro, intended to help accounting teams transition from older systems.

The product centralises fixed asset information and automates both federal and state tax compliance processes.

This solution also introduces collaboration features which allows accounting firms to provide their clients with direct access for real time visibility.

NetAsset Tax Pro is designed to offer the functions of legacy systems while reducing operational costs for accounting firms.

Netgain claimed that by providing these capabilities at a substantially lower cost than competing solutions, NetAsset Tax Pro allows firms to reallocate resources toward growth initiatives and highervalue client advisory services.

A top ten US accounting firm has already chosen NetAsset Tax Pro for managing its fixed asset tax reporting for the 2026 tax year, the company added.

NetAsset Tax Pro is claimed to enhance collaboration given that firms can give clients direct access to the platform, enabling greater transparency and real-time collaboration.

In addition, Netgain’s client-driven roadmap ensures the solution continuously evolves in line with user feedback and changing needs.

It also produces tax reports such as Form 4562 and waterfall or roll-forward reports to support compliance and provide detailed analysis.

Netgain founder and CEO Adam Riches said: “NetAsset Tax Pro is more than just a new product launch; it reflects Netgain’s commitment to give firms affordable, modern tools that create lasting value.

“The fact that some of the largest accounting firms in the country are already implementing the solution for the 2026 tax year sends a clear message that the industry is ready for change, and Netgain is leading it.”

"Netgain launches fixed asset tax depreciation solution " was originally created and published by International Accounting Bulletin, a GlobalData owned brand.

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