DALLAS, Texas (June 4, 2017) – O’CONNER & Associates announced today that they will be offering an expedited process to those business owners who are yet to file taxes and are needing services in cost segregation for office building.

A cost segregation for office building is most beneficial if recent improvements and renovations have been made or if additional real estate properties have been purchased as an extension of the original lot where the business building is erected.

The cost segregation study that O’CONNER is offering is an engineering-based tax analysis that allows building owners to accelerate depreciation of qualified assets, which means there will be more cash flow going back to the business instead of all cash flows just going to the IRS.

The IRS have strict cost segregation guidelines which are studied and mastered by the O’CONNOR consultants and specialists. For those business owners who are still unsure if their properties are qualified as assets, below are just some of the unexpected properties that are considered as assets by the IRS:

Beverage Equipment: Equipment for storage and preparation of beverages and beverage delivery systems. Beverage equipment includes the refrigerators, coolers, dispensing systems, and the dedicated electrical, tubing or piping for such equipment. The dispensing system may be gravity, pump or gas driven.

Canopies & Awnings: Readily removable overhang or covering, often of canvas or plastic, used to provide shade or cover over a storefront, window, or door; or used inside a structure to identify an area.

Ceilings: Includes all interior ceilings regardless of finish or décor, e.g. drywall or plaster ceilings, acoustic ceilings, suspended ceilings (including all hangers, frames, grids, and tiles or panels), decorative metal or tin finishes, kitchen plastic panels, decorative panels, etc.

Doors: Interior and exterior doors, regardless of decoration, including but not limited to, double opening doors, overhead doors, revolving doors, mall entrance security gates, roll-up or sliding wire mesh or steel grills and gates, and door hardware (such as doorknobs, closers, kick plates, hinges, locks, automatic openers, etc.).

A complete list of the cost segregation guideline can be found at www.irs.com/businesses.

To know more about the expedited cost segregation study, O’CONNOR & Associates has a 24/7 chat service at their website www.expertcostseg.com or contact them at 1-877-375-4291.