If constructing a new building or remodeling an existing one, cost segregation study can provide tremendous tax savings and increase cash flow. Our tax specialists will work with you and an engineering or architectural expert on a cost segregation study, the study determines the proper approach to maximize the legally allowable depreciation deductions for your business.

The U.S. Tax Court’s ruling in 1997 allowed the practice of segregating building cost for tax purposes. Determining the cost portion of your building’s electrical, mechanical or plumbing assets that qualify as personal property can reap significant tax benefits. The studies properly classify buildings, building components, land, land improvements, equipment, furniture and fixtures. Whether you are considering building a new facility or renovating an existing building, let the tax experts at O’Connor & Drew work with you to review the finding of an engineering or architectural firms. We will ensure that the accelerated depreciations and property tax write-offs are compliant with current IRS tax laws and guidelines.

O’Connor & Drew works closely with business owners in the following industries to reduce their tax liabilities and preserve both cash flow and profit by means of cost segregation services:

• Auto Dealerships

• Retail Businesses

• Manufacturing

• Warehouses

• Real Estate Entities

• Restaurants

Let us help you and your bottom line – consult the tax professionals at O’Connor & Drew to investigate a cost segregation study and the calculate possibility of saving hundreds of thousands of dollars in taxes each year.