Here is what you should consider when looking for a quality firm to complete your cost segregation study:
- Require engineering-based cost segregation methods. Tip: ask for a description of the method from their reports.
- Identify fee speedbumps. Some firms reserve the right to charge additional costs for site visits, travel, additional component breakdowns, or complications in the study phase.
- Review the track record of the firm. Do they outsource technical engineering work, and do they defend their calculations in the event of an audit?
- Is your provider knowledgeable on the Tangible Property Regulations, and do studies include building systems values?
It is inaccurate to assume all reviews are created equal, all firms are “professional,” and quality studies reduce ROI on lesser documented methods.
With over 15 years of experience and over 20,000 engineering-based studies performed, CSSI® has a unique vantage point and value proposition to taxpayers and practitioners. Frankly, we are the nameplate of the industry. CSSI®’s no-cost predictive analysis provides a fixed study fee.
Approaches that yield accurate cost allocations expedite the Service’s review, save time and resources for taxpayers, practitioners, and Service examiners alike. A study that is both accurate and well documented is considered a “quality” cost segregation study. In most scenarios, there is a positive correlation between high-quality documentation and ROI for taxpayers.
If you do not have a seat at the table identified for your cost segregation expert, we look forward to reviewing your scenario at no cost. We will earn your business on track record, exceptional client experiences, the most in-depth knowledge base in the industry, and, most importantly, integrity in both the study result and traditional common-sense business practices.
By: Tim Ibbotson