A real estate partnership that owns the office building for a large medical facility, Allay was interested in constructing a new building for their own operations. Typically, a building like this would depreciate over time and would constitute a substantial percentage of a company's assets.
How we helped.
At Moore Beauson Woodham, we have the expertise to perform detailed reviews of the construction process and all of the elements based on IRS regulations. With that, along with proper measuring tools and attention to detail, we were able to segregate Allay's assets into shorter lives.
This effort allowed them to maximize depreciation deductions to not only reduce current taxes, but also accelerate cash flow.