-- Vik Randhawa, CPA, a full-service Certified Public Accountant licensed in Fremont, CA, has announced a new advisory service focused on minimizing tax obligations for owners of short-term rental properties. This specific service integrates a cost segregation study with the application of bonus depreciation rules.
To learn more about short-term rental tax strategies, go to https://www.vikprocpa.com/short-term-rental-cost-segregation.php
Short-term rental property owners often face substantial tax burdens that can reduce their investment returns, says Randhawa. Many property owners are unaware of specialized strategies that could help them legally minimize their tax liability and maximize their deductions. Without proper guidance, they may miss valuable opportunities to accelerate depreciation and improve their cash flow, leaving considerable tax savings on the table.
Randhawa offers a cost segregation study as a specialized tax planning tool that involves identifying and reclassifying assets within a property to shorten depreciation schedules. It allows property owners to claim larger deductions in the early years of ownership by categorizing components such as appliances, landscaping, flooring, and lighting into shorter depreciation timelines of 5, 7, or 15 years instead of the standard 27.5 or 39 years.
When combined with bonus depreciation rules, which can allow up to 100% bonus depreciation for qualifying assets in the first year, the approach can lead to substantial upfront tax savings and improved cash flow for short-term rental investors.
"We focus on empowering our clients to make informed financial decisions," said a spokesperson. "This new service provides property owners with a powerful, specialized tool to better manage their tax liability and improve their cash flow."
The firm serves the wider Fremont area, and Randhawa offers a range of additional resources, including a client portal for secure file transfer, tax center information, and a monthly emailed newsletter with updates and valuable tips.
Clients can also find comfort in knowing an accounting expert is readily available by email or phone call. Vik Randhawa strives to deliver the best possible service, offering a free consultation to determine how he can best assist new clients.
More information about the firm's values and staff is available at https://www.vikprocpa.com
Contact Info:
Name: Vikramdeep Randhawa
Email: Send Email
Organization: VIk Randhawa, CPA
Address: 35111 Newark Boulevard Ste E, Newark, CA 94560, United States
Phone: +1-510-258-4495
Website: https://www.vikprocpa.com/
Release ID: 89177103