DiSanto, Priest & Co. employs credentialed professionals with years of experience in financial consulting to help you meet your strategic objectives, whether you are looking for cost segregation studies, litigation support, business valuations, or fraud risk management.

The value of a business often serves as a financial cornerstone for ongoing operations, capital structure, succession planning, mergers and acquisitions, and a myriad of other strategic transactions.

Business Valuation

  • Estate and Gift Tax Planning
  • Divorce
  • Buy-Sell Agreements
  • Succession/Exit Planning
  • Business Sales & Acquisitions
  • Shareholder Disputes

Litigation Support

  • Shareholder Disputes
  • Damages, Business Interruption and Lost Profits
  • Bankruptcy & Receivership Proceedings
  • Marital Dissolution & Property Settlement
  • Professional Testimony
  • Structured Settlement Analysis & Consultation

Our professionals not only have years of experience but also provide representation on a national level as members of boards of the American Institute of Certified Public Accountants.

Are you purchasing, constructing, improving or inheriting commercial property?

If so, you could benefit from a cost segregation study.

Historically, tax professionals have categorized realty acquisitions and newly constructed realty property into two asset classes: land and building. Land is not depreciable and, depending upon the building’s purpose, the building is depreciated over a 39 year or 27.5 year recovery period.

A cost segregation study allocates the property into two further asset classifications: land improvements and tangible personal property. This way, property owners can depreciate the “carved out property” into shorter lives—specifically, 15 year, 7 year and 5 year lives.

Why They Matter

These studies benefit the taxpayer through improved cash flow by virtue of upfront tax savings and corresponding tax deferrals. Essentially, such benefits are derived from two sources:

  • Increased deductions arising from costs being shifted from nondepreciable land to depreciable property (land improvements); and
  • Time value of money impact of accelerating depreciation deductions to earlier tax years.

For example, if a building were placed in service in 2019, every $100,000 carved out as tangible personal property will yield a depreciation deduction of $100,000 versus $2,500 if it were treated as a building. As can be seen, significant tax savings were achieved, primarily due to the special “100% bonus first-year depreciation allowance.” Therefore, using the same example, every $100,000 carved out as tangible personal property will yield Federal tax savings ranging from $21,000 to $37,000.*

An additional and often substantial benefit of a cost segregation study is that it allows property owners the ability to write off the segregated assets (e.g. roof, windows, boilers, etc.) should they later become obsolete, damaged, or replaced.

We Help You

We work closely with the client, the client’s accountant, the construction engineer, construction manager, engineers and appraisers to break out portions of the realty and assign the associated costs into the proper asset categories. Because cost segregation is factually intensive, we rely upon a myriad of tax court cases, rulings, memorandums, pronouncements and promulgations issued over the past 40 years as support for the study.

Give us a call or contact us to receive a free consultation to determine if a cost segregation study can maximize your deductions.

In connection with our analysis, we issue a comprehensive report that includes explanations on the segregation of the property, testing procedures, estimated tax savings, as well as a detail of the various pronouncements and tax court cases relied upon. Depending upon the size and complexity of the project, hundreds of assets can be identified in a 100-200 page report.

For a free estimate, contact us today!

*Example assumes the building is nonresidential real property. Significant tax savings were achieved through a special “100% bonus first-year depreciation allowance” in effect for qualifying property placed in service between September 28, 2017 and December 31, 2022. Federal income tax savings are dependent upon a variety of factors, including but not limited to form of entity (i.e., C-corporation vs. Pass-Through Entity) and the owner’s personal income tax bracket.

As required by U.S. Treasury Regulations governing tax practice, Bentley Consulting Group, LLC informs you that any tax advice contained in this communication (including attachments) was not written or intended to be used for and cannot be used by the recipient or any taxpayer for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

As with all of your company’s programs, it is important that your human resources policies and procedures are aligned with your long-term goals and objectives.

We Offer

  • Candidate Selection Process
  • Position Analysis & Design
  • Legal Compliance
  • Benefits Administration
  • Employee Assistance Programs
  • Compensation Programs & Structures
  • Performance Measurement
  • Professional Development & Training
  • Policies & Procedures Handbook Design
  • Retention Programs
  • Flexible Work Schedules
  • Employee Relations
  • Employee Surveys

Corporate fraud is a growing risk in today’s business environment and culture. Consequently, today more than ever management has a responsibility to deter, detect and prevent it.

At DiSanto Priest & Co., we help our clients understand their exposure to fraud risk, identify high-risk fraud areas, develop a fraud control plan, monitor the effectiveness of that plan and respond to actual instances of fraud.

Using our in depth experience, we help companies find ways to manage fraud risk, investigate alleged misconduct, and measure the financial implications of disputes.

What’s more, we investigate unusual financial activity, perform evidence discovery, review financial reports, and provide experienced witness testimony as necessary to explain our findings.

We Offer

  • Audit Review Support
  • Fraud Awareness Training
  • Fraud Control Advisory
  • Fraud Risk Assessment & Diagnostic
  • Fraud investigations
  • Forensic technology and discovery services
  • Anti-fraud services
  • Corporate compliance
  • Insurance claims services
Leadership

Our team of highly experienced and credentialed professionals have the experience in financial consulting to help you meet your strategic objectives, whether you are looking for assistance with business valuation, litigation support, cost segregation study or assistance with fraud and forensics our team can assist you.

Professional Headshot of Leah J. Szlatenyi in a black suit with a white shirt.

Leah J. Szlatenyi
Partner
Speciality: Business Valuation and Cost Segregation

Pamela Oliver
Partner
Speciality: Business Valuation and Litigation Support

Professional Headshot of Frank F. Preveti in a black suit, with a powder blue shirt and a black patterned tie.

Frank Previti
Partner
Speciality: Fraud Risk
Management

The content on this web page supports marketing of professional services, and is not written tax advice directed at the particular facts and circumstances of any person. If you are interested in the subject of this document we encourage you to contact us or an independent tax advisor to discuss the potential application to your particular situation. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. To the extent this document may be considered to contain written tax advice, any written advice contained in, forwarded with, or attached to this document is not intended to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.

GET IN TOUCH

  • This field is for validation purposes and should be left unchanged.
error: