Building, Purchasing or Renovating a Hotel or Motel? Read This First!
HOTELS: Hotels typically achieve the following Specialized Tax Incentives and Corporate Expense Reduction averages: – Property Owner Tax Incentives: $240,000 – Credit Card Processing 21% – Property Tax Savings 18% – Waste & Recycling 27% – Work Comp Insurance Savings 15%
If you haven’t heard, property Cost Allocation (aka Cost Segregation) is back with a vengeance!
A cost segregation study is an essential fiduciary component when building, purchasing or renovating a hotel or motel. Hotel owners and operators who do not work with a qualified expert to perform a cost segregation analysis will fail to take advantage of significant tax benefits!
Cost Segregation is an engineering based tax analysis in which certain non-structural components of a building are broken out and allocated to a shorter life class thus depreciating them at an accelerated rate. This process reduces a taxpayer’s federal and state taxable income. Read More.
Click Here To see how much your Hotel or Motel may qualify for Specialized Tax Incentives, fill in the short form and within 30 seconds see what estimated benefit you could get.