If you own your own business, you probably know how your own personal money quickly gets confused with your business money.  Therefore, anything that saves your business money is kind of like giving a present to yourself.

Well, here’s an idea for a present for yourself this Christmas: How about having cost seg engineering done for your business?  Cost segregation is a process where you make your business property depreciate faster for tax purposes, which allows you to deduct greater total expenses each year — which in turn means less money spent on income taxes, and more money in your pockets.

Can you really benefit from cost seg?  A net present value calculator can help you make that decision, but basically the answer is yes — if you have a lot of potential deductions tied up in business property such as real estate.  This kind of property is typically depreciated over a long period of time, making it impossible to claim much in deductions each year — unless you’ve had a cost seg analysis to maximize your deductions as much as possible.

It’s not easy owning a business.  It is a big drain on your finances, especially during the first few years, for one thing.  That’s why it’s important to do everything possible to make it easier for yourself.  Help your business, help yourself!

Dont let your business finances get you down!

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