Cost Segregation
Contact us today!
Cost Segregation Process with Nbt Associates
The best time to start thinking about cost segregation is within the first year of purchase, but don’t worry if you’ve been around for longer and would like to start now. A cost segregation study is allowed up to 20 years after you purchased the building. For you, that means that you can go back and claim earlier deductions that you’ve missed. Our experts will be able to help you get the most out of our services.
Our Four-Step Cost Segregation Process:
Inspection: We start with a professional inspection of the whole building and property, ensuring that you get the most out of our service. A building engineer or inspector will be able to judge what will be around longer and what should be claimed as an expense earlier on.
Valuation: After the inspection, we accurately estimate the value of the property, as well as its various components. Our experience and attention to detail make sure that nothing is forgotten.
Classification: We then organize every aspect into the right tax classification so it will be easier to report.
Cost Segregation Result Schedule: Following this we provide you with a report detailing how to adjust the timing of your tax deductions so that we maximize your savings.
Our Cost Segregation Services
While a structure may last a long time, chances are there are several other things inside a commercial property that will need replacing. You’ll be able to claim these items as things that decrease the value of your business property, which means you’ll pay less in taxes. You can also claim the replacement of most of these items as a business expense. Get in touch with our experts today and find out what our cost segregation services can do for your business.
Claiming Depreciation of Property
There are several types of depreciating assets, property being one of the most common. Since opening our doors, we’ve helped clients with a wide range of commercial property types, including:
- Hotels and motels
- Commercial rental properties
- Banks
- Stores
- Restaurants
- Nursing homes
- Hospitals