A few months ago, we talked about how building ownership is one way business owners create wealth. Those who buy their buildings can save on their taxes as well. There is a lesser-known tax accounting technique called tax segregation that can save them thousands of dollars more.
In this episode of Business: Engaged!, we welcome John Ervin CPA of Frost PLLC. His area of specialty is construction and real estate. He'll explain what cost segregation is and how much it can save building owners on their taxes. He'll give some examples and talk about who is most likely to benefit the most.
To learn more about Frost PLLC, visit their website at http://frostpllc.com/.
If you'd like to listen to the episode on how to build wealth with building ownership, click here.
And I'm taking you with me on my journey to write my next book. I'll share my process for writing the book and give you updates on my progress. This week, I talk about choosing your book title. If you want to catch the previous episode where I talked about getting your topics organized using mind-mapping, click here.
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