Engineered Tax Services Newsletter

Cost Segregation: Your Bank’s Tax Savings Solution

Written by Engineered Tax Services | May 23, 2024 1:18:37 PM

Are you leaving money on the table when it comes to your bank’s tax deductions? A strategic approach called cost segregation could reveal thousands, even millions, in potential savings. Traditional depreciation methods spread the cost of your building over a long 39-year period. However, banks often house specialized equipment and components with shorter lifespans. Cost … Read more