Could your Company Use an Extra $75,000?
CSSI provides you with a comprehensive start-to-finish solution for cost segregation evaluation and studies on commercial properties. CSSI offers:
Three Simple Steps to Stop Overpaying Income Taxes
Step 1: Analyze
Request your complimentary CSSI Property Analysis. This is a risk-free preliminary review that includes:
- Increased cash flow analysis
- Net present value of the savings
- An associated cost and simple process outline to get it done
Step: 2: Review
Based on CSSI’s Property Analysis, CSSI will:
- Consult with you and your advisers regarding your effective tax savings
- Evaluate your tax status and future business plans to determine, with your financial advisor, the applicability of Cost Segregation for your particular project
- Evaluate the building’s construction costs by component and building systems
- Review all construction documents, including blue prints, as-built drawings, demolition plans, and available project specifications
- On-site inspection and walk-through to photographically document building components, systems, site improvements, and possible past renovations
Step 3: Complete
Your CSSI Study is performed and completed within 4-6 weeks. This includes:
- Reclassifying each building component into more appropriate tax lives as prescribed by tax code guidelines
- Allocating indirect costs to each asset
- Delivering a written report with the asset detail supporting the reclassification and completion of the necessary tax form(s)
- Assisting your tax professional in the completion of all applicable tax forms
What is Cost Segregation?
Cost Segregation is an application by which commercial property owners can accelerate depreciation and reduce the amount of taxes owed. A cost segregation study is a federal income tax tool that increases your near-term cash flow in the form of a tax deferral. In a study, the parts of your building that qualify for shorter recovery periods are identified, quantified, and classified to produce additional depreciation deductions which reduce the amount of taxes owed.
The benefits of a cost segregation study include:
- An immediate increase in cash flow
- A reduction in current tax liability
- The deferral of taxes
- The ability to reclaim missed depreciation deductions form prior years (without having to amend tax returns).