PROPERTY OWNERS, LOOKING TO INCREASE CASH FLOW? TRY COST SEGREGATION

While cost segregation offers many benefits, this is not a DIY operation. We consulted Joel Grushkin, Regional Director of Solana Beach-based Cost Segregation Initiatives (CSI), to see how commercial property owners can benefit from using cost segregation instead of straight-line depreciation. Grushkin says cost segregation “is a much more realistic approach to depreciating their real property, [as it] allows for the acceleration of depreciation, mitigating taxes in the early years of ownership when cash flow is most critical.”

Ken New and Joel Grushkin dive into the intricacies of cost segregation—a powerful tax planning tool for commercial real estate depreciation. Joel, with 40 years of executive experience and Regional Director of Cost Segregation Initiatives, shares his wealth of knowledge on optimizing tax savings for property developers, owners, and investors. Whether you're acquiring new property or have been utilizing straight-line depreciation, this episode is rich in strategic insights catering to business and property owners, aiming for effective tax mitigation. Ken and Joel discuss: The basics of cost segregation and its impact on commercial real estate depreciation The benefits of accelerated depreciation for business owners, including immediate cash flow improvement The partnership between Joel’s firm and CPAs and how cost segregation studies can significantly reduce tax liabilities Tips on navigating potential IRS audits and the long-term advantages of cost segregation, even upon selling the property.

Could your business benefit from additional cash flow? 

Have you bought property or built out tenant improvements in the recent past? 

What is a cost segregation study? 

What are the benefits to your business? 

How to minimize audit adjustments?

Come learn about Cost Segregation from the best of the best, Joel Grushkin!  

Watch "Business Advisory and Tax Tips" with Michelle M Burke of Health and Taxes and her business partner, Michael Simms, of Veracity Financial Services, in their interview with one an amazing tax specialist,  Joel Grushkin."

Have you ever worked with a client where they start to express need in an area, but you feel as though it's not really your area of expertise, so you don't say anything?  

In the past, most accountants stuck to their roots and stayed quiet when a client expressed the need for help, troubles, or problems in areas outside of the direct accounting subject matter areas, but this is changing. As you look to become a trusted advisor and professional consultant, adding value to your clients, you need to aggressively seek solving problems for your client.  

Joel Grushkin is our go-to Cost Segregation expert, and we brought him in as a special guest for this episode. The purpose of bringing on an expert is always to add value to the client and be able to better service them, thus adding to the significance and depth of your client relationship.