-- As part of its expanded service, ABGi offers clients cost segregation studies to reduce tax liabilities and increase cash flow from their commercial properties. The firm helps to reclassify the components of and upgrades made to buildings to a shorter depreciable timeframe, curtailing income tax obligations in the process.
More details can be found at https://abgi-usa.com/services/cost-segregation
ABGi also has the expertise to identify property assets - typically items that are affixed to a building but have little bearing on the operation and maintenance of the property as a whole - such as non-structural elements, exterior land improvements, and indirect construction costs. Portions of electrical, plumbing, and mechanical systems can also be allocated to shorter life classifications to free up capital that would otherwise remain with the IRS.
Through a complimentary review of a building and its grounds, ABGi identifies potential savings which are then discussed with the client and their appointed tax professional. If a client wishes to proceed, the complete study can be initiated and finished within four to six weeks. ABGi's report includes all necessary adjustments to the Depreciation Schedule and the requisite engineering review.
According to the Journal of Accounting, cost segregation can release around $16,000 in net-present-value savings for each $100,000 in assets that are reclassified from a 39 to a five-year recovery period.
A spokesperson says, “Our team of Attorneys and Engineers evaluates the property and its assets. ABGi creates a cost segregation study customized to each commercial property. If the property is depreciating on a conventional scale of 27.5 to 39 years, a cost segregation study can recategorize it to depreciate in 5, 7, or 15 years. By using this specific method, the study can provide information on exactly how much money could be saved on taxes.”
ABGi's cost segregation study analyzes a property according to the US tax code guidelines and includes a detailed tax plan that will accelerate depreciation. Not only does this reduce taxable income but also releases capital that can be reinvested into a business or put towards reducing principal building payments. Cash flow may also increase by between 5% and 8% of the building's cost.
About ABGi
ABGi has been providing tax consulting services for over 35 years, specializing in incentives for the Research and Development Tax Credit and Section 179D tax deductions along with cost segregation. ABGi operates across the world and has delivered over $1 billion in client credits thus far.
For more information, go to https://abgi-usa.com/services/cost-segregation
Contact Info:
Name: Damien Gallow
Email: Send Email
Organization: ABGi USA
Address: 1 Riverway Drive Suite 2300, Houston, TX 77056, United States
Phone: +1-832-495-4555
Website: https://abgi-usa.com/services/cost-segregation
Release ID: 89130210