Fixed Asset Advisory

Fixed asset reporting is an ongoing, complex endeavor for many businesses. Weaver’s professionals are committed to taking on those complexities and offering solutions that draw from industry best practices. Regardless of the size of your business, Weaver’s fixed asset advisory services can greatly benefit a wide range of industries that include real estate, industrial, and the consumer products space.

Our services include:

• Cost segregation
• Tangible property capitalization and repair studies
• Fixed asset reviews
• Accounting method changes
• Energy-efficient commercial building deductions

Initiating a cost segregation study is a valuable and effective way to increase tax deductions and reduce taxable income. Weaver’s professionals perform cost segregation studies for clients who are constructing a new building, renovating or expanding an existing building, making leasehold improvements, or acquiring real property and land improvements. As our team studies the components of your project, we allocate the construction costs between real property and personal property, which often depreciate at different rates.

Cost Segregation Study Benefits

Cost segregation studies can be used to determine the correct tax units of property prescribed in regulations and to identify components of buildings and leasehold improvements in preparation for future repairs, partial dispositions and retirements. 

In addition to providing tax savings, cost segregation studies can:

• • Accelerate depreciation
  • Allocate construction indirect costs
  • Catch-up missed deductions from the prior year through Form 3115, Application for Change in Accounting Methods
  • Identify units of property for future repairs and dispositions
  • Optimize gain deferral in opportunity zones
  • Reduce REIT taxable income and manage distributions