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Cost Segregation

Cost Segregation Studies

Cost Segregation is the IRS approved method of reduced income tax liability and an increased cash flow by re-classifying components and improvements of a building.

Cost segregation studies are conducted for a variety of reasons (e.g., income tax, financial accounting, insurance purposes, property tax). For income tax purposes, a cost segregation study involves the allocation (or reallocation) of the total cost of property into the appropriate property classes in order to compute depreciation deductions. The results of a study are typically summarized in a final report.

The methodology utilized in allocating total project costs to various assets is critical to achieving an accurate cost segregation study. Bowers & Company can assist you in determining whether a project makes sense by providing you an estimate of the cost savings, then arranging for the study to be done by a qualified Firm.

Contact us today at (315) 234-1123 or by email ("Contact Us" form on this page) to receive a free consultation regarding cost segregation studies.


Is Bookkeeping delaying filing your taxes?

If you own a small business and haven't kept up your bookkeeping, don't worry. We can help you. We'll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next year.

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