Did you buy or construct a building during the year?

If you bought or constructed a building this year then Bullock & Leslie can assist you with a cost segregation study. This study will ensure that you are accelerating your depreciation deductions, which will allow for more cash in your pocket now, and who doesn’t love that? We categorize real property into personal property and structural components. When we allocate costs to the personal property category while deprecating it between 5 and 15 years, we are provided with an accelerated depreciation deduction. When we combine cost segregation planning with the current tax laws allowing increased Section 179 and bonus depreciation, we are able to make sure you are accelerating deductions and reducing your tax liability.