Fixed asset planning is an excellent way to identify deductions that maximize cash flow and reduce income tax liability. Opportunities arise when looking at building and building improvement assets that are associated with a building purchase, new construction or renovation. Typically these assets are given a long-lived recovery period and useful life. However, for tax purposes, a portion, or all, of the asset's cost may receive a shorter recovery period with bonus treatment, and may even qualify for full expensing. Fixed asset planning utilizes cost segregation engineering techniques to realize the significant tax savings embedded within building and building improvement assets.
This webinar will discuss the process and benefits of fixed asset planning.
- Discuss the importance of fixed asset planning when considering your tax strategy
- Explain how tax reform and bonus have changed the fixed asset landscape
- Identify the triggers within your fixed asset listing that lead to accelerated deductions
- Demonstrate how to utilize cost segregation engineering techniques to unlock unrealized tax savings
Travis Mlodzik, CCSP, Senior Manager
Travis has more than 11 years of cost segregation experience. He has construction experience including residential framing, plumbing and heating project management and custom home estimating. He currently serves on the Board of Directors and Co-chairs the Educational Committee of the American Society of Cost Segregation Professionals.
Mark Rogers, Principal
Mark Rogers is the National Director of the Fixed Asset Services team. Mark has 15 years of fixed asset experience performing cost segregation, purchase price allocation, fixed asset review, repair & maintenance, and tangible property regulations studies. These studies have included new construction, renovations, leasehold improvements, and acquisitions of properties in current as well as prior years. Before joining Eide Bailly, Mark was a member in Ernst & Young's National Tax Office.
CPE Credits: 1
Field of Study: Taxes
Level of Knowledge: Basic
Delivery Method: Web-Based Group Session
These are web-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.