It's Independence Day! In the midst of all the barbeques, firecrackers and concerts, take a moment to honor the men and women who fought and fight for the freedom we are celebrating. We'd also like to thank you for supporting small businesses like ours and keeping the backbone of our Country strong. One of the many gifts of being American is the business incentives the Federal government offers us. HUGE TAX SAVINGS are available to business people just like you who INVESTED in the American Economy by PURCHASING a investment property, RENOVATING an existing property, or RETAINING Employees....Our clients save TENS OF THOUSANDS to TENS OF MILLIONS of dollars, depending on the size and scope of their business. Click below to learn more or see if you qualify.
Fixed Asset Detail Our methodology breaks down every component of your property to get the most benefits possible. The detail and precision that we're able to accomplish on your studies serve as a comprehensive fixed asset tool that exceeds the IRS Tangible Property requirements. This asset management tool is provided to our client and CPA in an Excel file for easy import import to effectively handle future disposition and abandonment, as well as ridding the asset sheet of any "ghost assets".
Jim has worked in Cost Segregation for over 12 years. He is passionate about helping people save and reinvest their money, expand their business, and enjoy their chosen lifestyle. Jim's average client is able to reduce their tax burden by $1,814,507. He's known for his upbeat fun personality and his persistence. His motto is "Leave no building behind!"
Jim has worked in Cost Segregation for over 12 years. He is passionate about helping people save and reinvest their money, expand their business, and enjoy their chosen lifestyle. Jim's average client is able to reduce their tax burden by $1,814,507. He's known for his upbeat fun personality and his persistence. His motto is "Leave no building behind!"
Cost Seg Your Older Property!
Have you owned your property for 5-15 years?
If so, you can Cost Seg your property. You don't have to amend your previous year tax forms to benefit fully from a Cost Segregation study. Out tax experts can look at any deductions that you may have missed in the past and redeem as much as possible to get your finances back on track.
Cost Segregation on a Law Firm Office $1,016,176 in 1st Year Tax Savings!!!
A Law Firm purchased a $2,566,000 office and had a cost segregation study performed after purchase. Without a cost segregation study, the office building would have generated a 1st year depreciation of $65,794 using straight-line depreciation; but our client and his CPA were elated to accelerate $1,016,176 in the first year using 100% Bonus Depreciation. The client was able to significantly reduce their Federal income taxes and increase their bottom line.
1st Year tax write-off using Cost Segregation: $1,016,176 1st Year tax write-off without Cost Segregation: $65,794
"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."