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Our economy is driven by many things, but one of the mainstay factors in our market has been the presence of real estate. Real estate is a unique asset in that it appreciates over time instead of depreciating like almost all other assets, which results in it being highly coveted. Additionally, real estate activity is taxed quite differently than business activity or individual income. Because of this, there are very specific and effective strategies around real estate that require highly-skilled experts. J Smith & Company offers services geared towards helping clients take advantage of all these opportunities and tax strategies.
Our real estate services include advising and strategy around cost segregation, partial asset dispositions, qualified improvement property (QIP), 179D deductions, 45L credits, 1031 exchanges, qualified opportunity zones, and market valuation & analysis.
Cost Segregation is the process of itemizing assets into their respective personal property, improvement property and real property classes which then allows depreciation methods to be applied differently. This process is completed by performing a Cost Segregation Study.
When you implement and take advantage of these tax strategies, it creates IMMEDIATE cash flow for your business or investments. You can then re-invest those funds into acquiring another property, renovating a property you already own, or into other investments. The strategies and methods we advise clients on directly reduce their taxes to create more cash in their hands and do what they want to do with it.
While the knowledge and expertise needed to help implement these strategies correctly is very high-level and their can be a decent amount of backend work, we handle almost all of the work for you to make the process as seamless as possible. There are typically a few pieces of information we need you to gather for us to get started and a site visit by one of our team members may be necessary partway through the process, but everything else is handled by our team so you can sit back and enjoy the effects of the strategies we've helped put in place.
J Smith & Company
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