With cost segregation, Interstates Engineering can increase your cash flow by accelerating your depreciation expense.
Cost Segregation Fact Many industrial processing facilities are able to be classified as 70-95% personal property. |
- Take an equipment inventory
- Determine which equipment contributes directly towards production
- State our findings and recommendations in a report signed by a professional engineer
- Work with your state’s Department of Revenue to coordinate the accounting changes
Use cost segregation to accelerate your depreciation deduction and dramatically reduce your taxes. This technique classifies a portion of the facility’s construction costs as tangible personal property instead of real property, reducing the depreciable life from 39 years to a much shorter period (often seven years).
With cost segregation, you could realize $7,000-$16,000 in net present value savings for every $100,000 of costs that are classified as personal property.
Contact Interstates Engineering for more information on how cost segregation can reduce your taxes.