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ACCELERATE YOUR COMMERCIAL PROPERTY TAX DEDUCTIONS WITH COST SEGREGATION




A POWERFUL STRATEGY TO SIGNIFICANTLY INCREASE YOUR CASH FLOW

WHAT WE DO

Thrivevista offers engineering-based cost segregation services for commercial
properties, helping businesses reduce tax liabilities and maximize cash flow. We
work with your accountant to simplify their work and maximize your savings.

WHAT IS COST SEGREGATION?

Cost segregation is a strategic tax planning tool that allows property owners
who acquire, construct, or renovate buildings to increase their cash flow by
accelerating depreciation deductions. This method involves identifying and
reclassifying components of a building to property classes that depreciate over
a shorter time span—typically 5, 7, or 15 years instead of the standard 27.5 or
39 years. By accelerating the depreciation of building elements, cost
segregation helps defer federal and state income taxes, thereby providing
immediate financial benefits and supporting business objectives. This approach
not only helps property owners defer significant tax liabilities but also
maximizes their capital by allowing them to reclaim their investments much
sooner than traditional methods.

 

At Thrivevista, our cost segregation team leverages architectural, engineering,
and valuation expertise to assign building costs into the appropriate tax
recovery periods. We help businesses apply Internal Revenue Service (IRS)
regulations and guidance to determine the federal tax treatment of building
costs.



WHAT ARE THE POTENTIAL BENEFITS FOR YOUR BUSINESS?

 * Substantial reduction in tax liabilities



 * Accelerated depreciation deductions



 * Increased cash flow



 * Enhancement of financial planning through precise timing of depreciation



WHO CAN BENEFIT FROM A COST SEGREGATION STUDY?

Cost segregation studies are highly advantageous for businesses in sectors such
as (but not limited to) manufacturing, retail, shopping centers, restaurants and
hotels, health and long-term care facilities, automotive dealerships, office
buildings, and apartment buildings. 

 

A cost segregation study can be conducted for new constructions, purchased
properties, renovations, expansions, and tenant or landlord-paid leasehold
improvements.



WHEN IS THE BEST TIME TO PERFORM A COST SEGREGATION STUDY?

A cost segregation analysis is most effective when conducted in the year a
property is acquired, constructed, or renovated. This timing allows property
owners to maximize depreciation deductions starting from the first year.

 

Additionally, Cost segregation studies can be conducted on properties acquired,
constructed, or renovated in previous years. Thanks to current IRS regulations,
it's possible to "catch up" on additional depreciation in the current tax year
without needing to amend past tax returns.



WHAT IS THE PROCESS OF A COST SEGREGATION STUDY?



1. Initial Assessment

We offer a complimentary benefits estimate. start by reviewing your property
documents to estimate potential benefits and ROI.



2. Detailed Engineering Analysis

Our engineering and tax team conducts a thorough examination of your property.
We identify all components that can be segregated into shorter depreciation life
categories such as 5, 7, or 15 years rather than the standard 27.5 or 39 years.



3. Component Classification

We classify the building components into various categories based on IRS
guidelines. This includes separating personal property elements and land
improvements from the building structure.



4. Documentation and Reporting

Detailed documentation is compiled to substantiate the findings. This includes
photographic evidence, blueprints (if available) , and detailed descriptions
correlating each component to its classification.



5. Implementation

Once the study is completed and reviewed, we provide a comprehensive report that
your tax professionals can use to adjust your current depreciation schedule.
This will help you to maximize your tax savings immediately.


DISCOVER YOUR TAX SAVINGS.

Request A Free Benefits Estimate




Thrivevista specializes in helping businesses utilize Cost Segregation to reduce
tax liabilities and enhance cash flow.


Mail



team@thrivevista.co

(424) 666-1927

© Copyright 2024 Thrivevista Consulting

All rights reserved


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