Save Taxes, Increase Business Cashflow - Episode 26
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Manage episode 217851102 series 1173630
What if there was a method to re-classify business assets that could increase your cashflow? Cost segregation is the IRS approved method of re-classifying components and improvements of your commercial building from real property to personal property. This process allows the assets to be depreciated on a 5, 7, or 15-year schedule instead of the traditional 27.5 or 39-year depreciation schedule of real property. Thus your current taxable income will be greatly reduced and your cash flow will increase. jim@doughforthedream.com Jim Frey dough for the dream
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