Planning to Expand Your Brewery…
Expanding a brewery means more room for beer! But it could also mean an opportunity to identify construction-related costs that can be depreciated over a shorter tax life.
This means, you could potentially have higher cash flow after your renovation and possibly reduce your tax liability. Not bad, right? More beer and shorter depreciation time.
So, how does a cost segregation study work? A Certified Public Accountant analyzes your entire renovation and determines which assets are permanently affixed to your building. After that, they are able to determine which items have a shorter depreciable life than the standard 39 years for non-residential real property. This tax planning strategy allows you to reap the maximum rewards from your investment.
Want to learn more? Contact the Brewers Professional Alliance.