Understanding Cost Segregation Studies for Small Business Owners
The initial few years of owning a business can be quite challenging - finances are tight, you’re just getting the word out and you’re up against the competition who have already established themselves in the market. Research has shown that only 80% of businesses last for more than a year. The other 20% fail due to shortage of cash. This statistic doesn't have to worry you t hough if you have just started your business because t here is an easy solution- cost segregation. WHAT IS COST SEGREGATION Cost segregation is a tax planning tool that allows businesses with constructed, purchased or remodelled properties to increase cash flow by expediting depreciation deductions and deferring federal and state income taxes. HOW WILL A COST SEGREGATION BENEFIT YOUR BUSINESS Your business can benefit in many ways by working with cost segregation service s INCREASES CASH FLOW. Cost segregati on firms identif ies all your properties ...