If you’re feeling stuck paying high taxes on your Dallas commercial property, there’s a solution. As a business owner, you work hard for your money. But a large chunk of it can disappear to taxes, especially if you own commercial real estate.
The standard 39-year depreciation schedule for buildings might feel like an anchor on your cash flow. That’s where Haynie & Company’s cost segregation CPAs come into play, leveraging their expertise to help you reduce your tax burden. Contact us at (214) 296-0900 to learn more about cost segregation studies and schedule your free consultation today.
What Is a Cost Segregation Study?
A cost segregation study—also known as a cost segregation analysis—can best be thought of as a tax optimization strategy for your commercial property. Our team will identify components of your property that qualify to be depreciated over shorter time frames of 5, 7 or 15 years. These components also qualify for bonus depreciation that allows for 40-60% of the cost to be immediately depreciated in the first year, further increasing your savings. Imagine significantly increasing your annual deductions instead of being stuck with a slow 39-year write-off.
But let’s discuss specifics that translate into significant financial savings. Say you own a one-million-dollar office building in Dallas. With standard depreciation, you’d deduct around $26,000 per year. However, a cost segregation study could unlock deductions exceeding $200,000 in the first year. That’s real money you can reinvest in your business, hire new employees, boost your bottom line, or whatever you see fit. The possibilities are truly endless.
