Unleash the Shooting Star in Your Tax Strategy with Cost Segregation:
As August arrives, the night sky gifts us with a breath-taking celestial display: the Perseid meteor shower. The captivating shooting stars that grace the heavens during this time of year leave us in awe of the wonders of the universe. Did you know, just like these fleeting wonders, there's a concept in the financial world that can be the shooting star in your tax strategy? Cost Segregation, much like the Perseid meteor shower, brings a burst of brilliance to your real estate investments, allowing you to maximize tax savings and propel your financial future to new heights.
The Perseid Meteor Shower: A Heavenly Spectacle
The Perseid meteor shower is a cosmic showstopper, peaking between August 11 to August 13 each year. As our planet passes through....
Do you have a property less than $500,000 and want cost seg in less than 5 minutes? Try our DIY Cost Seg Tool. Starting at $445 using Coupon Code: 1725
Cost Segregation on a Veterinarian Office..... $453,718 in 1st Year Tax Savings!!!
Our client purchased a $1,359,251 Veterinarian Office and had a cost segregation study performed after purchase. Without a cost segregation study, the veterinarian office would have generated a 1st year depreciation of $34,852 using straight-line depreciation; but our client and his CPA were elated to accelerate $453,718 in the first year, roughly 33% in accelerated depreciation. Our client was able to significantly reduce their Federal income taxes and increase their bottom line.
1st Year tax write-off using Cost Segregation: $453,718 1st Year tax write-off without Cost Segregation: $34,852
Did your business stay open and retain W2 employees during the Covid-19 pandemic? If so, you may be eligible to claim Employee Retention Credits from the IRS. A business can receive up to $26,000 per employee ($12,000-$16,000 is the average).
It only takes a brief 15-minute call to see if you and your business qualify. Contact today to arrange a no-obligation review on 888-865-4401.
"The information contained this newsletter is meant for guidance purposes only and does not in any way constitute legal or tax advice. Readers should seek advice from their CPA or Accountant in relation to information contained in these articles."