Utilizing Tax Reduction Strategiescan add greatly to the bottom line. Turner Financial Consulting (TFC) has the experience and education to make your business more successful than you may have thought possible - simply by adopting legal tax reduction strategies. By bridging the gap between Accounting, Construction, and the tax code, TFC can help save money on your next tax bill.
Under United States tax and accounting rules, cost segregation is the process of identifying personal property assets that are grouped with real property assets, and separating out personal assets for tax reporting purposes. A cost segregation study identifies and reclassifies personal property assets to shorten the depreciation time for taxation purposes, which reduces current income tax obligations and can greatly improve cash flow in the early years of a building’s existence. Personal property assets include a building’s non-structural elements, exterior land improvements and indirect construction costs.
is Accelerated Depreciation -increases cash flow in the early years of a building’s life- when cash is typically in short supply.
A cost segregation study allocates costs to either real property or personal property, and to classify those costs in the most optimal MACRS asset lives as recognized under the Internal Revenue Code, tax rulings, and existing Tax Court case law.
Companies that utilize cost segregation studies significantly improve their return on investment (ROI).
Present-Value Savings Each $100,000 in assets reclassified from a 39-year recovery period to a five-year recovery period results in approximately $13,000 in net-present-value savings, assuming a 4% discount rate and a 35% marginal tax rate.
Sales are tough in any environment and even harder to come by in a recession. Yet, buildings are still being built and business is still out there to be won. Having well trained salespeople can be the difference between success and failure in finding the work you need.
Whether you’ve been in sales for three weeks or three decades, learning new sales skills can get seasoned sales pros back on their feet again and new salespeople moving quickly towards profitability.
A construction sales and prospecting workshop will impart the skills, tools, and techniques needed for your company to gain the competitive edge.
If you think the only way that you can sell is to sell on price, think again. A recent study shows that EVEN in this environment, only 9% of capital goods purchases are based on price.
This dynamic and interactive seminar will give your sales and non-salespeople the skills to maximize sales skills, shorten sales cycles and close more business...even in a recession!
EVERYONE One Sells Something. What Are You Selling?
President of Kessel Construction
explains why he uses
Turner Financial Consultants
for Cost Segregation
and how it helps him
sell more buildings.