Cost segregation is a technique for enhancing cash flow and reducing income taxes for commercial and residential property used in a trade or company. https://www.expertcostseg.com/cost-segregation-study
Cost segregation is a conservative, proven and IRS-defined approach for depreciating commercial properties. It is the most accurate depreciation methodology for assets acquired or constructed after 1986.
The increased depreciation realized through a quality cost segregation study has a real-time, positive impact on your bottom line.
List of Cost Segregation Analysis Benefits
- Increase in cash flow
- Reduction in current tax liability
- Deferral of Federal Income Taxes
- Ability to recapture past years
Beyond the benefits of enhanced cash flow, a quality cost segregation analysis can be a key component in keeping you compliant with IRS regulations. In addition to breaking out all short term depreciable items, O’Connor is a cost segregation company that routinely provides a breakout of all existing Units of Property per the 2014 IRS Tangible Property Regulations.
O’Connor cost segregation specialists provide a quality study, meeting or exceeding all IRS guidelines, detailing all available short term depreciable assets using one of the IRS preferred methodologies. Among the five most common methodologies discussed in the IRS Field Audit Techniques Guide, O’Connor utilizes two of them predominantly – the Detailed Engineering Approach from Actual Cost Records (used for new or proposed buildings) and the Detailed Engineering Cost Estimate Approach (used for existing buildings where actual cost records are not available).
Cost segregation study benefits include increased cash flow, improved ROI, reduced taxes and the ability to catch-up on past years.
O'Connor's studies are a key component in keeping you IRS compliant!
O’Connor cost segregation studies not only detail all short-life building components, but also provide a breakout of all Units of Property (UoP) as required in the recent IRS Tangible Property Regulations.
We can also help you on assets you have owned for years!Use our cost segregation calculator to determine your first year federal income tax savings.
As businesses are growing, so is the transactional data that they are accumulating.
In the absence of a streamlined oversight, the transactional data, along with other information can be easily formulated to cater malicious activities.
Courtesy of them, through this blog, I shed a light on the importance of forensic accounting.Importance of forensic accountingFollowing are the many importance as to why Manoj Pahwa and Associates, a team of chartered accountants, consider forensic accounting to the most important aspect of business:Complex litigation procedures: When dealing with legal proceedings to deal with financial disputes, corporate lawyers, more often than not are not able to provide specialized attention to accounting.
In this regard, a forensic accountant steps in to decipher the complicated financial issues and communicate them in a way which is understandable by both the lawyers and the client.Large government investigations: Forensic accounting is not limited to investigation into private limited company or a firm, it’s also important in government investigations.
The forensic accountants can play a major role and following complex money trails that can span over several departments and individuals depending upon the scale of corruption.
They can create a simple report highlighting the complexity and relay it to the concerned officials who can then use that information to put the department in focus.Risk management and prevention: The increase of complexity in large businesses and the government’s financial matters has made corporate and governmental bodies to gravitate towards forensic accountants.
Cost segregation is a conservative, proven and IRS-defined approach for depreciating commercial properties.Increase in cash flowReduction in current tax liabilityDeferral of Federal Income TaxesAbility to recapture past years
