 Building Owners
- If you own commercial real estate that was purchased after May 12, 1993...
- If you're not a big company with a team of accountants taking maximum advantage of current IRS guidelines for depreciation expense...
- If you haven't had engineers uncover and segregate the cost of all four kinds of depreciable property in your building...
YOU MAY BE PAYING MORE TAX THAN THE LAW REQUIRES.
Valuable tax savings are hidden inside your building. A cost segregation study can help you save money by reducing your income tax liability for the next five, seven or even fifteen years.
Your current accountant is probably depreciating all your commercial real estate construction or acquisition costs over 39 years. But, for tax purposes, your property actually consists of four distinct kinds of depreciable property – three of which qualify for much faster depreciation.
Lauzen Accounting has partnered with PFA Consulting, LLC to provide our clients with high quality, engineering-based cost segregation studies that will allocate these costs into the proper categories.
The cost of your commercial building structure must be depreciated over a full 39 years. But along with your building structure you also purchased land improvements such as curbs, a parking lot and landscaping, which may be depreciated over 15 years. And you purchased tangible personal property such as machinery that may be fully depreciated in 5 to 7 years. And finally, you purchased the electrical, plumbing or other construction components necessary to support your tangible property, and those costs may also be depreciated over 5 to 7 years.
Instead of depreciating the entire cost of your property over 39 years, an engineering based Cost Segregation Study from PFA will carve out the costs that qualify for accelerated depreciation and segregate them into the appropriate categories. "Itemizing" your depreciation will increase your tax deductions and reduce your tax burden. And that will increase the cash flow that can build your business.
View the PFA Cost Segregation Brochure
Visit PFA Cost Segregation Services Website: http://pfacostseg.com |
View Lauzen Accounting Client Bookkeeping Solution Brochure
