Skilled analysis leads to increased cash flow.
A cost segregation study provides an in-depth, engineering-based analysis of the costs associated with the acquisition, construction or renovation of a building. You can perform a cost segregation study on a new building or on an older building that has been renovated.
A properly done study results in additional depreciation deductions and can help you 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 specialization to deliver an independent, third-party report that maximizes depreciation benefits and provides fully documented support in case of an IRS audit.
Featured Thought Leader
Brad Werner, CPA, MBA
Brad Werner is the Chicago market construction and real estate practice leader and an audit partner whose primary focus is on attest and accounting services. Working closely with members of management to improve their overall operations, he provides value to clients by offering broad experience in many industries and aspects of accounting and financial reporting. Brad ensures efficiency through solid planning and organizational skills in coordinating all aspects of each engagement. He effectively communicates complex accounting issues and solutions to his clients, enhancing overall retention.
Dannielle Lewis, CPA
Dannielle Lewis is a partner in the tax practice, focused on serving clients in the construction and real estate industry. She advises clients on complex tax transactions involving partnership interest exchanges or business sales.
