What you need to know about?

Cost Segregation Study is a tax planning strategy that helps businesses identify assets with shorter recovery periods, allowing for accelerated depreciation deductions. By reclassifying assets from real property to personal property, businesses can reduce their taxable income and increase cash flow.

Additionally, Cost Segregation Study can help businesses with their financial reporting by providing a more accurate picture of their assets. This can be especially important when preparing financial statements or when seeking financing.

Clients need Cost Segregation Study to:

• Reduce their tax liability
• Increase their cash flow
• Improve their financial reportingundefined

Clients need Cost Segregation Study because it can:

• Result in significant tax savings.
• Be performed on newly constructed buildings, as well as on properties that have been owned for years.
• Identify assets that can be depreciated over a shorter period of time, reducing tax liability and increasing cash flow.
• Help businesses with their financial reporting by providing a more accurate picture of their assets.
• Be especially important when preparing financial statements or when seeking financing.

To know more about Cost Segration Study:

WBTC Cost Segregation Study