Cost Segregation studies allow tax payers to capture accelerated depreciation deductions by reclassifying components of a building into accelerated recovery periods Most commercial properties are depreciated over 39 or 27.5 years.
Cost segregation studies are an approved method from the IRS that requires engineers and CPAs to reclassify portions of commercial properties to shorter depreciation lives, as short as 5 years. These accelerated deductions apply to both federal and state income taxes, allowing for significant cash flow increases.
Any commercial property is eligible for a cost segregation study; this is a powerful opportunity for owners of restaurants and breweries. Inevitably, a main concern of most restaurant owners is cash flow and profit improvement. Cost segregation offers commercial property owners an option to increase tax deductions by increasing depreciation. For every dollar, a cost segregation reclassifies from 39-year property to 5-year property results in an estimated 22 cent benefit.
Cost segregation studies can provide a substantial return on investment. A top-quality CPA firm with high-quality cost segregation services will be able to provide a fee proposal and estimated tax savings to determine the cost/benefit of the analysis and compliance. Contact Camuso CPA PLLC (CamusoCPA.com) today for a free initial consultation regarding a comprehensive cost segregation study, if eligible you will receive a free quote.
Traditionally, many CPAs do not have the expertise and depth within their professional network to deliver cost segregation studies.
Our team (CamusoCPA.com) and systematic process takes a comprehensive approach to cost segregation, by leveraging our network of licensed professional civil engineers, cutting edge technology and top-tier knowledge our team can efficiently do properties of any size.
Cost Segregation is now cost effective for smaller properties by using cutting edge technology and online software designed for CPAs who are strategically aligned with engineers that are experts in cost segregation.
Additionally, cost segregations can be combined with other studies, incentives and tax planning strategies including bonus depreciation, 179D Deductions, 45L Energy Credits, Insurance Replacement Appraisals, Tangible Property, Repairs & Maintenance Studies and much more.
Camuso CPA PLLC offers comprehensive services to develop and tailor a first-rate tax plan for your business needs. Reach out to our team regarding any questions about cost segregation or establishing a comprehensive tax plan.
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