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.