A cost segregation study provides an in-depth, engineering based analysis of the costs associated with the acquisition, construction, or renovation of a building. A properly done study results in additional depreciation deductions and can help to:
- Accelerate depreciation
- Increase current tax deductions
- Defer income tax
- Increase cash flow
Even if you purchased, constructed, or expanded the building in a prior year, a cost segregation study and a simple change in accounting method can allow you to claim the depreciation deductions of prior years without having to amend prior-year tax returns.
The Wipfli team has the right combination of engineering skills, construction knowledge, and income tax expertise to deliver an independent, third-party report that maximizes depreciation benefits and provides fully documented support in case of an IRS audit.
Square Footage Study for Health Care Providers
A well-documented and precise square foot calculation by cost center for Medicare cost reporting purposes will result in accurate depreciation allocations and, ultimately, could enhance reimbursement.
Our goal when providing a Square Footage Study is to:
- Accurately define square footage calculations by cost center.
- Provide a detailed and well-substantiated report that is designed and written to meet the highest standard set down by the American Hospital Association.
- Deliver our report in a timely manner.
If you're looking for another way to introduce additional funds into your facility, consider a Square Footage Study. Contact us today and we'll walk you through the steps we will take.