Find out if a cost segregation analysis will benefit your company Not all building projects qualify for the tax savings from a cost seg study. Before you embark on the lengthy process, make sure that it will be worthwhile.

I recommend:  Cost-segregation.com outlines the importance of using cost seg services and what they can do to help your building project. Moss-Adams has a cost segregation calculator that will estimate the benefits of using cost segregation tax accounting on your project.

Hire cost segregation companies for your current building project While you are still in the planning stages of your construction or renovation project, think hard about using cost segregation services. This is the time?before depreciation starts?when you can benefit the most.

I recommend:  Use specialized cost segregation companies like BKD CPAs & Advisors, Cost Recovery Solutions and GMPC to perform a cost segregation analysis on your building project.

Conduct cost segregation studies on your past projects Even if you didn't perform a cost segregation analysis before your building project, it might not be too late to get some extra savings. The IRS will allow you to look back on the project, perform the analysis and get the tax break.

I recommend:  Commercial Property Consultants outlines who can qualify for the chance to performs the analysis after the property has already been built. KBKG and the Cost Segregation Group provide a free analysis and proposal so you can see if your company would be eligible for benefits.