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
Steven A. Barnes
Steve Barnes is a manager on the cost segregation team with expertise in the engineering approach of cost segregation for both new construction projects and purchased properties. His understanding of construction finances and his ability to analyze construction documents are important assets in the process of cost segregation projects.