Are you concerned about the lengthy depreciation period for your buildings? Did you know that cost segregation studies can identify significant tax savings for you by allowing assets to be depreciated more quickly – whether you are constructing a building or purchasing an existing building?
By reclassifying certain costs from real property to personal property categories, cost segregation allows parts of the property to be depreciated over a shorter term.
The key to cost segregation is that it must be conducted by practitioners with tax, engineering, and construction experience.
The LaPorte Tax Services Group – partnering with well-established firms that have significant engineering and architectural cost segregation experience – can help you to identify available deductions.
COST SEGREGATION SERVICE HIGHLIGHTS
- Over 10 years of experience in the cost segregation business
- Deep experience with real estate taxation
- Part of one of the largest regional tax practices in Louisiana and Texas, with over 60 tax professionals
- A regional tax practice that functions as a unified whole: clients have access to full resources of the firm through each office
COST SEGREGATION SERVICES CLIENT BASE
Our professionals serve clients in a broad range of industries, a sampling of which includes construction, financial services, healthcare/physician practices, hospitality and entertainment, and real estate, among others.
SERVICE APPROACH PROFILE
Our professionals focus on responsive service, returning phone calls and emails quickly and providing feedback and deliverables timely.
We value long-term client relationships and emphasize excellence in client service, helping clients achieve savings and meet their business goals.
COST SEGREGATION CASE STUDY
LaPorte performed a cost segregation study on a newly constructed warehouse building and office. The construction cost of the building was $1,200,000. Our team was able to identify over $300,000 worth of assets that could be segregated, resulting in savings to the taxpayer of over $50,000 in income taxes.
While the results of these studies vary from case to case, our professionals always make their best efforts to identify tax savings for their clients. Our professionals welcome the opportunity to develop projections of potential savings specific to your situation, free of charge.
Is a Cost Segregation Study Right For You?
Even knowing the benefits of a cost segregation study, it’s important to know whether the study would assist you.
Benefits of Cost Segregation Studies
Cost segregation allows for reduced tax liability and can be particularly helpful in the early years of a new business.