Cost segregation delivers income tax benefits for Dr. McCauley at Element Dental.
I was honored recently to perform a site survey for Dr. Jonathan McCauley at Element Dental’s new office in Bryan, TX. It is super family- and kid-friendly with a warm and welcoming environment. The office is well-appointed and full of qualifying assets for accelerated depreciation using cost segregation. Some of those tangible personal property assets included carpeting, decorative chair rails and lighting, security cameras, specialized electrical systems, dental sinks & accessories, Lab & Operatory cabinetry, medical gas piping, and much more. Cost segregation is the process IRS says is necessary in order to properly allocate assets according to the IRS Cost Segregation Audit Techniques Guide. In fact, after completing our engineering based and conducted study we were able to reallocate 49.5% to 5-year depreciation…that’s $30,000 in federal income tax refund the doctor doesn’t have to send the IRS! Dr. McCauley got an 1100% ROI on his fee investment. Wow!
Cost segregation delivers results every time it’s applied!
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