Cost segregation as a tax strategy
Cost segregation is available to taxpayers involved in the ownership, renovation, and construction of commercial real estate. Some of the benefits of cost segregation as a tax strategy can include the deferment of taxes, the reduction in tax liability and the ability to increase cash flow.
Imperative to this strategy is an engineer based cost segregation study that will identify the depreciation benefits. The CPAs at GR Reid will work with this report and supply documentation that supports the time value of money statement.
The advantage of cost segregation allows you to take deductions up front by utilizing the science of engineering and the principles of tax and accounting to arrive at financial solutions that result in increased cash flow, minimized tax payments and maximum return on investment and energy. We have aligned ourselves with licensed engineers, including LEED Accredited Professionals as part of our team to deliver a number of IRS-anctioned services.