2021 – 10/18 – Get your piece of the depreciation pie now with a cost segregation study
Wolff and Taylor October 22, 2021 No Comments Share
Business Tax22 Oct
If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost segregation study. It might allow you to accelerate depreciation deductions on certain items, which can reduce taxes and boost cash flow. Under current law, the potential benefits are now even better than they were in the past due to enhancements to certain depreciation tax breaks. You may even be able to get the benefit of speedier depreciation for items that were incorrectly claimed. Cost segregation studies can yield substantial benefits, but they’re not right for all businesses. Contact us to find out whether this would be worthwhile.
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