On The CPA Zone, Tom Brodie, National Account Executive with CSSI – Cost Segregation Services, talks with a CPA audience about one of the most overlooked tax strategies for business owners who own their buildings.
If You Own Your Building, You Have an Opportunity
Many business owners, from medical and dental practices to manufacturers, restaurants and auto dealers, own the property they operate in. Most are depreciating it over 39 years. A cost segregation study can move a meaningful share of that cost into 5, 7 and 15-year categories, creating larger deductions and better cash flow now.
Why CPAs Use It as a Planning Tool
- Engineering-based and IRS-defensible. Studies are built on detailed engineering analysis, not estimates.
- Flexible timing. It can be applied to recent purchases, construction, renovations, or property bought in prior years.
- No amended returns. Missed depreciation can often be caught up in the current year.
- Pairs with bonus depreciation for qualifying components.
Free Estimates for CPAs and Their Clients
Tom works with CPAs to identify which clients’ properties are good candidates, starting with a free estimate so there’s no risk in finding out.
Example result: a dental office purchased in July 2020 for $1,506,900 (less land) produced a first-year tax savings benefit of $236,373. Results vary by property.
See What Your Building Could Save
Tom will run a free, no-obligation estimate on your property, so you’ll know what’s possible before you commit to anything.
Prefer to talk now? Call Tom at 713-906-3710.
I’m a two time Texas A&M graduate (BBA: 1981 & MBA: 2001) who worked for Shell Oil Company for 26 years. I learned the importance of communications – both verbal and written, as well as problem solving skills. With experience ranging from finding intra-company billing errors to defining customer requirements in global budgeting software to teaching people how to scuba dive and take pictures underwater. Tom Brodie Bio
