Construction and Real Estate

No matter what type of construction contract you have, it is subject to complications, billing errors, and potential savings. Construction contracts are incredibly complicated, and construction projects have many moving parts. This intricacy can lead to billing errors.  Rely on Wipfli’s experienced construction compliance team to review, analyze and test your construction contract and billings to verify that all payments are made to the terms of the contract. A common application for this service is analyzing a cost-plus contract to verify the validity of the costs being charged to the project by the contractor as submitted to the client for payment.

Learn more about Wipfli's Construction Contact Compliance solutions.

Providing cash flow at a time when cash is critical.  A cost segregation study is an in-depth, engineering-based analysis of the costs associated with the acquisition, construction, or renovation of a building.

The study identifies and reclassifies the cost of eligible personal property, land improvements, and qualified leasehold improvements. The recognized assets are then depreciated over 5, 7, or 15 years, using an accelerated method, rather than the standard 27.5-year or 39-year straight-line method used for most real estate enabling owners to maximize their tax depreciation deduction, thereby reducing current income tax obligations and increasing cash flow.  Wipfli's unique team has the right combination of engineering skills, construction knowledge, and income tax expertise to deliver an independent, third-party report that maximizes your depreciation benefits and provides fully documented support should you ever be audited by the IRS.

Learn more about Wipfli's Cost Segregation Services.