Why use a Cost Segregation Audit?
A cost segregation audit can help you reduce your tax liability by reducing the amount of depreciation you would typically take. This is crucial to any business because it saves money upfront, which you can invest elsewhere with interest, and extends an asset’s life. Let’s say you depreciate a $100,000 piece of equipment over ten years. If you paid $50,000 in labor and $50,000 for materials, your depreciable cost is only 50% of the total project.