| Lucrative cost segregation market available to public |
| Released by: Franchise Direct |
| Web Site: http://www.franchisedirect.com |
Businesses can save tax money through accelerated depreciation of their properties
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Email: eamonn@franchisedirect.com |
| Keywords: Franchise, franchises, franchise opportunities, international franchises. |
| Update Date: 6/15/2006 10:31:40 AM |
| Hits: 404 |
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Descrption: Cost segregation, a fast growing sector where businesses can save tax money through accelerated depreciation of their properties, is being put on offer to the public.
Firms that have built, purchased or renovated a commercial building over the last 20 years are able to shorten the time taken for tax expense deductions to come into effect for certain building assets, which include landscaping and paving, floor coverings, cabinetry, specialty electrical and HVAC equipment.
These are often assigned to a 39-year life along with the building and are ignored, but a cost segregation study will identify these assets.
Until recently, being in charge of a company that provides this service and potentially making a huge income was only available to major financial companies in the Fortune 500, but now commercial property franchising firms are branching out and making this service part of their franchise.
This gives people the opportunity to obtain new clients in their area and set up a cost segregation study, which will be carried out by the franchiser's network of building engineers and then people experienced in the accounting and taxation sectors will analyse the data and work out how much money can be saved.
The way this industry is structured means that franchisees can concentrate on the client relationship and when fully trained, they will be able to offer potential clients a positive message that is very likely to appeal to them.
As well as reducing federal and state income taxes through accelerated depreciation, the benefits of this detailed study include making repair, remodeling and replacement of building assets less costly and lowering insurance costs by identifying the components of the property that do not need to be insured.
One franchiser, Commercial Property Consultants, solely focuses on cost segregation and it is optimistic about its future as it claims there is still a 90 per cent market potential in the US.
This firm provides a strong amount of support to franchisees. It provides them with a large number of targeted leads in their operating region, prepares the free initial benefit analysis and offers any assistance if needed to close out a deal.
In addition, it arms them with the marketing tools necessary to make a good impression with potential clients. These include PowerPoint presentations, mailing templates with letterheads, brochures and access to free conference call numbers and web conferencing services to keep in regular contact with clients.
Therefore, potential franchisees interested in the finance sector have an excellent opportunity to build a strong business through this service, as long as they carry out the necessary research to ensure that the franchiser has a good record and reputation.
Copyright Adfero Ltd 2006
http://www.franchisedirect.com |
Contact infomation: 003531 8656370 |
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