Analyze your potential savings with the least amount of work possible. With O'Connor's cost segregation research, accelerate your growth. Visit https://www.expertcostseg.com/ for more information.
Get a free, no obligation price quote
and a preliminary analysis on your property sent to you within one business day by email. Your free property analysis includes a step-by-step guide on who to claim your savings and a toll-free hotline to answer your questions.
Bonus Depreciation vs. Cost Segregation
Bonus depreciation IS cost segregation!
Bonus Depreciation is a specialized type of cost segregation. Cost Segregation, in the broader sense, is a process where a commercial, for-profit venture may identify or segregate the personal property assets and the structural component of a property for the purpose of more accurately detailing their respective tax depreciation.In its current form, Bonus Depreciation, as established by the Tax Cuts and Jobs Act of 2017(TCJA), is a tax incentive provided by the government that allows an owner of a for-profit commercial asset to immediately deduct a large percentage of the purchase price of eligible assets acquired or constructed within the mandated time frames, thereby significantly accelerating depreciation. However, to be eligible, the asset must be purchased or constructed after September 27, 2017, and/or before January 1, 2023.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.
Assets are reviewed and selected improvements (Tangible Personal Property and/or Land Improvements) are depreciated over 5, 7 or 15 years, rather than 39 years for commercial property or 27.5 years for apartments. The identified short items are depreciated via either 200% declining balance (5 & 7 year assets) or 150% declining balance (15 year assets) thereby further enhancing your depreciation.
By using the data such as fuel cost, miles to travel, and consumption of the vehicle, one can easily calculate the cost of a trip by using a fuel cost calculator.
There are several websites that offer a free calculator by which you can budget your fuel costs and have potential savings.
Check your vehicle's fuel economy and never waste a single drop of fuel.
