BEGIN:VCALENDAR PRODID:-//github.com/rianjs/ical.net//NONSGML ical.net 4.0//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Harris Brooks is guest speaker this week\, talking about his c ompany\, CSSI (Cost Segregation Services\, Inc.) Brooks said the compan y was founded as a cost segregation firm\, however\, "we really are large r than that. We like to think of ourselves as an engineering-based consul ting firm specializing in the tax laws surrounding commercial buildings. We want to use the tax laws to expense expenditures as repairs and when c lients must capitalize items\, how to reduce or defer their tax burden. W e provide results related to the Repair Regulations\, Qualified Improveme nt Property\, Partial Asset Dispositions\, R&D studies\, and Cost Segrega tion." Many CPAs do straight line 39-year depreciation on buildings whe n you build or buy new buildings\, or they might pick out some “low-hangi ng fruit” to accelerate. We work with building owners and their CPAs to d o an Engineering-Based Study and breakout components into 5-\, 7-\, and 1 5-year life categories to accelerate depreciation. Basically\, any busine ss that has a building and is “for-profit”\, (not churches\, schools\, pu blic hospitals etc.) CSSI works with all types of businesses (hotels\, ca r dealerships\, RV Parks\, restaurants\, manufacturing\, storage units\, medical offices etc.) If you know any building owners that have built in the past few years or purchased existing in the past few years and hav e a minimum of $250\,000 invested in the building it usually makes sense. DTEND:20230125T190000Z DTSTAMP:20240328T112953Z DTSTART:20230125T180000Z LOCATION:Southside Church of Christ SEQUENCE:1 SUMMARY:Program: Harris Brooks and CSSI UID:e684ada5-5216-4eb8-8a14-99b296ff8fec X-ALT-DESC:
\n\n END:VEVENT END:VCALENDAR\n\n\n\n Harris Brooks is guest speaker this w eek\, talking about his company\, CSSI (Cost Segregation Services\, Inc.)
\n\n \;
\n\nBrooks said the company was founded as a cos t segregation firm\, however\, "\;we really are larger than that. We like to think of ourselves as an engineering-based consulting firm specia lizing in the tax laws surrounding commercial buildings. We want to use t he tax laws to expense expenditures as repairs and when clients must capi talize items\, how to reduce or defer their tax burden. We provide result s related to the Repair Regulations\, Qualified Improvement Property\, Pa rtial Asset Dispositions\, R&\;D studies\, and Cost Segregation."\ ;
\n\n \;
\n\nMany CPAs do straight line 39-year depreciation on buildings when you&n bsp\;build or buy new buildin gs\, or they might pick out some &ldquo\;low-hanging fruit&rdquo\; to acc elerate. We work with building owners and their \;CPAs to do an Engineering-Based Study and breakout components into 5-\, 7-\, and 15-year life categories to accele rate depreciation. \;Basically\, any business that has a building and is &ldquo\;for-profit&rdquo\;\, (not churches\, schools\, public hospitals e tc.) \;CSSI works with all types of businesses (hotels\, car dealerships\,& nbsp\;RV \;Parks\, restaurants\, manufacturing\, storage units\, medi cal offices etc.) \;
\n\nI f you know any building owners that have built in the past few years or p urchased existing in the past few years and have a minimum of $250\,000 i nvested in the building it usually makes sense.
\n