Steve Picarillo lead analyst for Creative Advisory Group, Inc. releases an updated article on engineering-based cost segregation studies.

"With the increased cost of doing business, higher payroll taxes, exorbitant healthcare costs, and higher cost of resources, businesses need all the help they can get in achieving the level of profitability required to compete effectively. Many companies are finding that an engineering-based cost segregation study can help reduce tax burdens by reclassifying certain assets as prescribed by the IRS."

Internationally recognized financial executive and entrepreneur Steve Picarillo announce the recent publication of an article entitled "The IRS does it again! But this time, it's a good thing". The article, which is available through various media sites and at www.stevepicarillo.com, discusses the often ignored, but highly effective, accelerated depreciation method which uses an engineering-based cost segregation study to reduce near-term tax burdens`.

Creative Advisory Group, Inc. has today released an article discussing certain IRS statutes that actually help reduce the near-term tax burdens for certain businesses. The article discusses the IRS approach of using an accelerated depreciation method, based on an engineering-based cost segregation study, which may effectively improve the bottom lines of businesses across the country. Cost segregation is a cash flow improvement strategy that accelerates depreciation deductions to reduce, or even eliminate, federal and state income taxes. This program is discusssed in detail in the April 3, 2013 realease on the IRS website: http://www.irs.gov/Businesses/Cost Segregation.

A cost segregation study is an engineering-based approach to identify assets within a building that can be reclassified as personal property assets, in order to shorten depreciation time on these assets for tax purposes. The cost segregation study maximizes the inherent tax benefit of real estate by identifying, quantifying, and separating the personal property from the land improvement components of the property, resulting in a depreciation lives of five, seven and 15 years, using accelerated depreciation.

The bottom line is why would you want to pay more in federal and state taxes then you actually have to? If you're like most people, you do not want to pay more than your fair share of taxes. Contact us or visit our website creativeadvisorygroup.com today for more information on cost segregation and other cost savings solutions that may help you increase your company's bottom line. This article, in full is available on stevepicarillo.com in the blog section.

 

About the author:
Steve Picarillo is a globally recognized financial executive, corporate analyst, accomplished author, an expert on cost savings, global banking, the economic environment as well as financial statement management. Mr. Picarillo founded Creative Advisory Group, Inc. to house his various consulting businesses, which include, corporate consulting, cost management consulting, and franchise consulting. Steve's biography can be found at stevepicarillo.com

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Company Name: Creative Advisory Group, Inc.
Contact Person: Steve Picarillo
Email:Send Email
Phone: +1 212 810 2164
Address:132 East 43rd Street, MS 359
City: New York
State: NY
Country: United States
Website: www.creativeadvisorygroup.com
Source: www.abnewswire.com

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