How Can Green Buildings Save You Money? Our impact on the environment is a serious issue requiring global awareness and responsibility. It has also resulted in standards and guidelines to govern construction projects and limit their environmental impact. There are many benefits to property owners who use green construction practices. Greener construction means savings long…
Corbett Dentistry benefits from cost segregation study recently completed. Dr. Corbett, DDS, engaged a cost segregation study on her recent tenant improvements. Dr. H.N. Corbett, DDS, has practiced dentistry for approximately 16 years in the Lewisville, Texas area, but recently moved her practice to The Colony, Texas. Dr. Corbett’s new location is a leasehold property…
Companies are always seeking ways to cut costs and save money, especially on sales taxes. However, companies frequently overlook a significant opportunity to reduce their costs – namely, state sales taxes. Companies usually pay such taxes with little thought as to whether they can reduce or eliminate such taxes. The fact is, most purchases companies…
The IRS allows several Cost Segregation methodologies…which one is best? Here is a list of the six most common cost segregation methodologies… Detailed Engineering Approach from Actual Cost Records Detailed Engineering Cost Estimate Approach Survey or Letter Approach Residual Estimation Approach Sampling or Modeling Approach “Rule of Thumb” Approach For this discussion, we will address…
Why It’s Smart to Use a Commercial Real Estate Agent to List Your Lease Space – There is a constant discussion about the benefits of having a property manager or commercial real estate agent advertise a space for lease. Property managers are often familiar with the current tenants, but commercial real estate agents who specialize…
In my quest to always excel and be the best, I came across this article by Heidi Grant Halvorson about the nine things successful people do differently. After reading and re-reading and re-re-reading it I find myself wondering “where have I been?” So much of what I have done and accomplished to date has been…
What are the different cost segregation methodologies the IRS allows? Here is a list of the six most common cost segregation methodologies… Detailed Engineering Approach from Actual Cost Records Detailed Engineering Cost Estimate Approach Survey or Letter Approach Residual Estimation Approach Sampling or Modeling Approach “Rule of Thumb” Approach For this discussion, we will address…
A cost segregation study won’t benefit you if… • You are not profitable and pay no income taxes• You have paid no income taxes in the last 7 years• Your business is a non-profit organization (NPO)• Your building leases 50.1% of it’s space to a NPO• You plan on selling within the first two to…
Cost segregation benefits hotel property owners by accelerating depreciation on personal property. Personal property, for the purposes of cost segregation, are assets that enhance the real property, but are non-structural in nature. Examples of personal property for hotels would include carpeting and most flooring choices, decorative lighting, cabinetry, dedicated electrical systems, dedicated plumbing systems, power…
As professional real estate investors, have you established a repair fund yet? Whether you invest in commercial real estate or residential rental properties, an emergency repair fund is vital to the successful management of your investment. The best way to handle repair contingencies is to establish a repair fund. Each month a portion of your…
If you own Commercial Property, including leasehold improvements or rental houses, that was damaged or destroyed by the recent natural disasters, we can help you maximize your Federal tax benefits, saving you tens of thousands of dollars. You must act now before rebuilding. FREE consultation and benefit analysis. It’s your money, why wait.
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A member of our Disaster Recovery Team will contact you within 48 hours to initiate your tax credit.
