Our expert CPAs at Haynie & Company in our Littleton, Colorado office near Denver, treat every one of our clients on an individual basis. Unlike most cookie-cutter CPA firms, we tailor our services to your business’s specific size, industry, and mission. But there’s one highly unique accounting tool applicable to any business–no matter their size, sector, or goal–whose balance sheet lists property assets: the cost segregation study.
Cost segregation studies–otherwise known as cost segregation analyses–are an incredible tool used to lower the tax liability for businesses in possession of the commercial real estate. For years, Haynie & Company’s CPAs have been pounding the pavement in search of companies with property assets that aren’t taking advantage of this tool–because not just any CPA firm can conduct a cost segregation study.
Cost segregation analyses allow a business to reclassify certain elements of property assets in order to speed up depreciation timelines. Depreciation of real estate such as family homes, factories, or warehouses is tax-deductible. Depreciation for commercial properties, for example, is typically set for 39 years. In this case, if your business owned a $1,000,000 building, you could deduct a bit under $26,000 a year. By shortening the depreciation timeline to 15 or even 7 years, you could increase yearly deductions well over two or five-fold.
Haynie & Company’s CPAs have been serving businesses across the country for over 60 years. Since 1960, our team has spread to nearly twelve major cities. Not to mention our accreditations, our most recent achievements include but are not limited to:
Haynie & Company is uniquely positioned to perform the most comprehensive cost segregation studies of any CPA firm in the Denver, Colorado, area–and for reasons that go far deeper than any of the awards listed above.
Haynie & Company is renowned for its outstanding services. Our cost segregation specialists are some of the brightest and most qualified cost segregation analysts in the world. No other CPA firm can provide the same level of service, the same level of individualized attention, or the same level of tax savings and cash flow increases.
Haynie & Company’s CPAs have long seen the cost segregation study as one of the most underutilized tax strategies. If your business owns property assets, us a call in the Denver, CO area at (303) 734-4800, or contact us through our online form to schedule an initial consultation.