Engineered Tax Services Newsletter

In 2023, the owners of a gas station and carwash in Piedmont, South Carolina, undertook strategic tax planning to enhance their investment. The property consists of a single-story building originally constructed in 2000.

The building features amenities such as high-efficiency HVAC systems, walk-in coolers, and contemporary lighting fixtures. The property also includes fuel canopies, fuel dispensing pumps, and a carwash canopy.

The owners engaged Engineered Tax Services (ETS) to perform a comprehensive cost segregation study of the property. This study aimed to identify and reclassify specific assets, enabling the acceleration of depreciation and optimizing tax benefits. This case study outlines the cost segregation strategy employed and its significant impact on the financial outlook of the property.

In the ever-evolving landscape of auto dealership finance, one strategy has consistently proven its worth, especially during economic downturns: cost segregation. As we navigate the complexities of 2024, this approach has become increasingly crucial for dealership owners seeking to enhance their financial position and fuel growth.

Multifamily real estate investing offers an advantageous blend of consistent cash flow, potential for appreciation, and valuable tax advantages. In the dynamic economic environment of 2024, understanding and strategically using these tax strategies is more crucial than ever for achieving maximum returns. This guide dives deep into the essential tax considerations and strategies that astute multifamily investors should utilize to optimize their investments.