Cleveland 440.449.6800
Akron 330.668.1100
Tampa 813.288.8826

CPA & Business Advisory Blog

How a Cost Segregation Study Can Help Keep Money in Your Business

Share on LinkedInTweet about this on TwitterShare on FacebookShare on Google+Email this to someone

 

If you own real estate, a cost segregation study is one of the best tools to help you reduce taxes and improve cash flow. Although a cost segregation study will not provide additional tax deductions, it will enable the taxpayer to accelerate a portion of the depreciation on the building. Cost segregation is the process of breaking out a portion of a building’s cost that can be depreciated quicker than the standard life of 39 years.

Where should a property owner start when considering a cost segregation study?

The purchase or construction of a building is the starting point for any cost segregation study. Any building is eligible, but the owner must determine if it is cost beneficial to perform a study. Any cost segregation study should start with a cost-free estimate to quantify the potential tax savings from doing the study. These estimates usually do not take a large investment of time, as only a few items of basic information are needed.

Click here to read more about cost segregation studies.

Have additional questions? Post a comment below or contact our Real Estate and Construction Group at 440-449-6800.

This entry was posted in CPA & Business Advisory, Real Estate/Construction Accounting, Tax Planning & Preparation. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.

Subscribe to our blog to get
the latest posts in your inbox.

© Copyright 2015 Skoda Minotti | Privacy Policy | Disclaimer | Remote Support
Cleveland 440-449-6800 | Akron 330-668-1100 | Tampa 813-288-8826
Website designed and developed by Skoda Minotti Strategic Marketing