Cost Seg Timeline

THE CPA & LEGAL NETWORK™

Cost Segregation Studies

The CPA & LEGAL Network, Inc., (TCLN) Cost Segregation team will work with you and your organization to perform an accurate cost segregation tax analysis while minimizing the resources you need to dedicate to the study.

 

· We will provide you with a comprehensive report of our analysis, findings and recommendations that will fully support your company’s tax position in an audit.

· We will supply your CPA a final cost segregation report electronically to facilitate entry into your fixed asset accounting software.

· The CPA & LEGAL Network, Inc., is unique in its use of the team approach - the analysis will be completed using an engineer, appraiser, and CPA’s combined to provide the most supportable product available.

· Our goal is to maximize depreciation while controlling the level of audit risk.

 

 

Key Steps

 

· TCLN will review your fixed asset file or construction cost detail.

 

· TCLN personnel will review the documents and within a short time, we will provide our client with a conservative estimate of the potential tax savings.

Pre-Engagement Activities

Key Steps

 

· TCLN will meet with you or your designated contact to discuss timing and the process of the project. TCLN will request additional cost information, e.g., invoices and change orders.

 

· You will provide TCLN with contact info and the locations where the studies are to be performed.

Initial Client Meeting

Key Steps

 

· TCLN will do an onsite inspection of the property where the study will be performed.

 

· TCLN will work directly with the facility manager to determine the function of the assets being reviewed .

 

· TCLN will begin the process of reviewing architectural drawings, specifications and cost studies, as well as blueprint analysis.

Onsite Review Process

Key Steps

 

· TCLN will complete the blueprint, specification and cost document review.

 

· TCLN will compile its preliminary findings and will communicate this information to you.

 

· TCLN will prepare the final documentation in report form.

Offsite Review Process

Key Steps

 

· TCLN will present its final report to you along with any pertinent documentation.

 

· TCLN will provide you with an electronic copy of the report, all inclusive, with photographs and information of importance.

Presentation of Report

6 - 8 Weeks

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Our approach to each engagement involves the following broad phases: