SBV is proud of its affiliates and partners that share our values. Bobby Clark, Founder and President of SBV is also the co-founder of Midwest Clean Energy Enterprise, LLC. The SBV Entreprenuer Network helps connects entrepreneurs to training, technical assistance, mentors and investors. Bedford Energy Consulting helps businesses reduce the tax liabilities through cost segregation to accelerated depreciation and maximize use of deductions provided in the Energy Policy Act. SBV is proud to be the co-founder of the Kentucky Entrepreneur Hall of Fame. The Entrepreneur Hall of Fame is a physical and virtual destination that shares and celebrates the stories of Kentucky's most successful entrepreneurs with a mission is to raise awareness of the impact that entrepreneurship has made in the Commonwealth and encourage others to pursue similar ambitious endeavors.
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Bedford Energy Consulting
COST SEGREGATION OVERVIEW
Real estate owners can benefit from cost segregation as either a tenant or property owner. Don’t wait to take tax deductions you are entitled to now. Cost segregation is a powerful tax planning strategy used to accelerate depreciation deductions producing significant tax deferrals and freeing-up valuable cash flow.
How it works: A cost segregation study (CSS) is based on a detailed engineering analysis which is used to support the acceleration of depreciation deductions. This process identifies costs that can be allocated to shorter recovery periods of primarily 5, 7, and 15-year, as opposed to 39-year. A quality study provides the documentation needed to defer substantial tax payments and greatly improve cash flow. A cost segregation study does not create new deductions, it simply pushes existing deductions into the early years of ownership. This front-loading of depreciation allows real estate owners to take advantage of the time value of money. On average, a cost segregation study can allocate 20 - 40% of the depreciable cost basis of a property to an accelerated recovery period. Occasionally, the allocation is much higher.
Federal Temporary Incentives: Since 2001, the U.S. Federal government has provided tax incentive packages for real estate owners who are building or improving their real estate. Bedford’s Depreciation Decoder outlines all qualified leasehold, restaurant, and retail improvements, as well as bonus depreciation, available each year with applicable planning notes. Our engineers proactively ensure these additional benefits are achieved as part of Bedford’s Engineering Analysis.
Getting Started: If you own your building, or paid for leasehold improvements as a tenant, you can likely benefit from a cost segregation study. If you have made improvements in recent years you may be eligible for special temporary incentives. Let’s begin The Conversation and determine what type of savings you could achieve with a cost segregation study. Contact us to request your complimentary estimate of benefits today.