Cost Segregation = Quickened Depreciation
Cost Segregation equates to Quickened Depreciation. By breaking down your property into individual components, you can accelerate the depreciation of specific assets, resulting in substantial tax savings. This method allows for a faster recovery of investment costs, improving your cash flow and reducing taxable income in the early years of ownership.
Small firms bypass Cost Segs. Big firms are expensive.
Small firms bypass Cost Segs because they lack the resources. Big firms, on the other hand, are often prohibitively expensive. This leaves many businesses without access to this valuable tax-saving strategy, which could significantly improve their cash flow and financial standing.
The "budget-friendly" providers' due diligence leaves you vulnerable.
While budget-friendly providers can be attractive, their focus on cost may limit their due diligence in areas like security or quality control. This could leave you vulnerable to data breaches, product malfunctions, or other unforeseen issues.The thoroughness of a provider's due diligence can vary depending on their pricing structure.
Your tax pro didn’t propose a cost seg study because you didn’t request.
Your tax professional didn't suggest a cost segregation study because you didn't ask for one. It's essential to communicate your interests and inquire FAQ potential tax-saving strategies to ensure all options are considered and explored.
This tax planning opportunity is frequently overlooked or entirely dismissed.
What Type of Assets Are Eligible?
Which type of assets are eligible for cost segregation studies? Tangible personal property, land improvements, and certain building components such as HVAC systems, plumbing, electrical systems, and roofing qualify. Identifying and properly classifying these assets can lead to significant tax savings for property owners.
The 3-Step Process is Straightforward, Deliberately.
1
Review your business operations to identify projects and activities that qualify as research and development.
2
Determine the costs associated with your qualified research activities. These can include wages for employees directly
3
Prepare the required documentation to support your R&D tax credit claim. This completing IRS Form 6765,
Cost Segregation Professionals
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