How can we help you?
TPTM offers expert solutions that provide compliance and increased cash flow for our building owner and business owner clients. Many of our specialized services are not readily available from other providers. We strive to bring ongoing cash flow into your business through advantageous tax method changes. We leave no stone unturned to provide you and your business the resources you need by maximizing your working capital.
Before a cost segregation study can be performed on a previously owned building, any asset that can be expensed under the TPRs must be removed from the depreciation schedule. Then and only then can a cost segregation study be performed. The TPRs are the law and must be followed. Compliance can create a financial windfall through a tax deduction (not a deferral) as these regulations can be very taxpayer-friendly.
Cost Segregation is a method of accelerated depreciation by shortening the class lives of building components. This application reduces income and the amount of income taxes owed, generating substantial cash flow through a tax deferral. Correcting the class lives on your asset schedule is a recommended practice, whether you choose to take advantage of the deferral or not.
Revenue Recognition Tax Deferrals
We create a sizeable ongoing tax deferral for qualifying service providers including construction contractors. This hybrid method change will be pre-approved by the IRS (with a consent letter) and will create an ongoing tax deferral between accounts receivable and accounts payable.