Salt Lake City’s Most Experienced Cost Segregation CPAs
Cost segregation studies can be applied to any property, whether recently built, purchased, or even renovated. The study works to quicken a property’s depreciation timeline, which in turn generates greater deductible expenses for your year-end tax returns.
This is achieved by reclassifying specific building components into shorter depreciation schedules, so a larger share of the deduction is available sooner rather than spread evenly over decades. Abiding by the letter of the law, Haynie’s CPA experts recategorize assets linked to the real estate in question, leveraging depreciation to create value in cash flows.
It should be noted that cost segregation, while used more often for real estate companies such as trusts and agencies, can serve any business in possession of depreciating property. Haynie’s CPAs have assisted numerous businesses, from manufacturing companies with depreciating warehouses to retail stores with dozens of brick-and-mortar locations, in minimizing their tax burden via cost segregation.
Full-Service CPA Firm in Salt Lake City
We proudly provide a wide range of accounting services:
Haynie is one of the fastest-growing CPA firms in the nation, and we have stuck to our core values of family, trust, and quality service. We believe in prioritizing our clients, exceeding their expectations, and building long-term relationships based on communication and transparency.
Haynie's corporate office is based in Salt Lake City. Since 1960, our expert team has helped local individuals and businesses to gain control of their current financials and plan for a better future. To learn more about our accounting services, you can contact our Salt Lake City CPA firm by phone, (801) 972-4800, or via our contact form.
Cost Segregation Study
A cost segregation study offers your business some of the most creative avenues toward achieving two things: more savings and growth earnings, both earned through depreciation deductions. Haynie’s CPAs help your business work toward three major cost segregation goals:
Top Cost Segregation Services in Salt Lake City
Since 1960, Haynie’s experienced and knowledgeable CPAs have been serving businesses across the United States. It’s quite a feat to remain in touch with the latest trends and technology in accounting for such a long period of time. The changes in cost segregation practices alone have been profound, yet our team has always stayed ahead of the curve.
Haynie brings deep experience and expertise in professional accounting services. As we like to say to our clients, we don’t specialize in anything because we specialize in everything. One of our services that requires both broad accounting knowledge and specialization is the cost segregation study.
Your Cost Segregation Questions, Answered
Cost segregation studies can be applied to a wide range of properties, including newly constructed, recently purchased, and renovated buildings. This includes commercial properties like office buildings, retail stores, and warehouses, as well as residential properties such as rental units and multi-family complexes. By identifying and reclassifying assets within these properties, businesses can accelerate depreciation deductions and significantly improve their cash flow.
While commonly used in real estate, cost segregation studies offer significant benefits to businesses beyond those in the real estate sector. Manufacturing companies can depreciate equipment more quickly, while retail stores can accelerate depreciation on store fixtures and equipment. Hospitality businesses can also maximize deductions on furniture, fixtures, and equipment.
Essentially, any business that owns depreciable assets, from machinery to technology, can potentially benefit from a cost segregation study.
Haynie & Company offers several key benefits with our cost segregation studies. By reclassifying assets, you may qualify for reduced property taxes, leading to significant cost savings. Furthermore, accelerated depreciation allows you to maximize tax deductions and improve your cash flow.
Our studies withstand IRS scrutiny, providing you with peace of mind and ensuring compliance. With over 60 years of experience in accounting and cost segregation, you can rely on our expert guidance and comprehensive services to meet all your business needs.
Contact Haynie’s Cost Segregation Analysts in Salt Lake City Today
Does your business own real estate? Do you have any property listed under your name? You could be missing out on significant tax savings and cash flows. Contact Haynie in Salt Lake City to schedule your cost segregation study and get the most out of your property. Give us a call at (801) 972-4800, or contact us through our online form to schedule an initial consultation.
