KBKG, a leading national cost segregation firm, announces an Interactive Savings Calculator for estimating the amount of income tax you can potentially save by accelerating the depreciation of your Commercial or Residential Income property.
(PRWEB) October 25, 2005 -- "KBKG Cost Segregation Specialists fills a unique niche in the Commercial property industry," said Annette Bajek, of KBKG Cost Segregation. We emphasize recognizing opportunities and providing value to our clients. The strength of our firm is in understanding the complexities of taxation and construction engineering. Over the years we have used our experience and expertise to take advantage of ever changing tax laws for the benefit of our clients.
KBKG's interactive savings calculator enables property owners and their CPAs to estimate how much income tax they will save by accelerating the depreciation on existing Commercial or Residential income property. The software is free to use, and asks just 12 simple questions about the property before producing an estimated schedule of accelerated depreciation. Before performing a cost segregation study on a given property, clients visit our Interactive Savings Calculator at http://www.costsegregation.biz.
After the property owner or CPA has had a chance to review the savings potential, the next step is to conduct a formal Analysis and Proposal. This form asks approximately 50 questions about the property, and is sometimes completed in an interactive process with one of our Regional Directors or Engineers. This important step will provide you with three pieces of information: 1) a more accurate estimate of the amount of depreciation we can accelerate for your particular property; 2) an estimate of our fees (Fees are driven by the complexity of the building, not the value of the project) and 3) an estimate of when we will be able to conduct the study. Often clients will assume that their building or project is too small to be considered for cost segregation. Our engineers have been able to save significant income tax for clients whose buildings current depreciable basis is as low as $750,000. Typically our clients experience between a 20:1 and a 30:1 ROI on a cost segregation study. To access this Analysis and Proposal request, visit www.costsegregation.biz.
Although the best time to complete a cost segregation study is upon the purchase of a building, the IRS does allow property owners to "look back" and change the way that depreciation was calculated. The client can then take the missed depreciation in one year without filing amended returns.
At KBKG Cost Segregation, we have a clear understanding of what the Internal Revenue Service demands of today's Cost Segregation studies. The 13 PRINCIPAL ELEMENTS OF A QUALITY COST SEGREGATION STUDY begin with Preparation By An Individual With Expertise And Experience and continue on from there, covering scope, documentation required and consideration of related aspects and explanations. (From the IRS Audit Techniques Guide http://www.irs.gov/businesses/ and look under Audit Techniques Guide, Cost Segregation).
The purpose in making the Savings Calculators available to Commercial Property owners and their CPAs is to increase awareness about Cost Segregation and to provide education to the commercial property professional. By segregating costs into the shortest tax lives allowed, we promote reinvestment in our communities and our economy, and help to improve cash flow.
About KBKG, Inc. Cost Segregation Specialists:
KBKG, Inc. is a consulting firm specializing in Cost Segregation Studies. Our origin dates back to the 1940's through our affiliated accounting practice that was founded in Pasadena, California. Our firm offers a unique combination of heritage, vision, and teamwork. We provide a variety of services to real estate owners, Certified Public Accountants (CPAs), and other consultants throughout the United States.
If you would like more information on KBKG Cost Segregation please call Annette at 415-312-1987 or visit http://www.costsegregation.biz
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