Compass CPA, P.C.

Different Types of Cost Segregation Studies: Statistical vs. Fully Engineered

Comparison of statistical versus fully engineered cost segregation studies.

Why Not All Cost Segregation Studies Are Created Equal When a property owner hears “cost segregation study,” the inevitable follow-up question is: “Which type of study should I choose, and why do prices vary so dramatically?” Cost segregation is a powerful tax strategy that accelerates depreciation deductions and reduces tax liability by reclassifying building components […]

Pass-Through Entity Election (PTE-E): What Business Owners Should Know

Business tax strategy illustration highlighting pass-through entity election.

Navigating the complex world of business taxes can feel overwhelming, especially when new strategies emerge that could significantly impact your bottom line. One such strategy that has gained considerable attention since 2021 is the Pass-Through Entity Election (PTE-E), a state-level tax election that offers a clever workaround to federal tax limitations. This article will explore […]