Cost Segregation studies should be initiated as early in the construction
or acquisition process as possible to obtain maximum benefits. Pre-construction
tax-planning helps owners dramatically increase cash flow.
In order to capitalize on these cash flow benefits, CRS will meet
or conference with your design and construction team in order to
assist them in understanding how their decisions affect your tax
position. We will also help them to track applicable costs. If possible,
CRS will spend less than an hour with your architect before the
design of the building begins, so that we can show them how to identify
a larger percentage of the building's components for short-term
depreciation.
The general contractor has two things in place that are essential
to a cost segregation study – a relationship with the project
owner and full access to the costing data needed to complete the
study. What the contractor is missing is the cost segregation expertise
to complete the tax side of the study.
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