Accountants: Choosing a Cost Segregation Provider is Serious Business

The September 2016 IRS Capitalization of Tangible Property Audit Techniques Guide Update 

In the latest installment of the Audit Techniques Guide for Capitalization of Tangible Property, the IRS tightens the guidelines for cost segregation studies by looking closer at how any past and present studies are performed.

The time is now to make sure you hire a company that produces a top quality cost segregation study that adheres to the strict guidelines of the IRS. After performing 1000s of studies, CRS understands how to perform a study that is directly inline with the latest IRS guidelines and trends.

Cost Segregation as a Value Added Service for Accountants

How can you increase your client’s retention rate and expand your firm’s value offering all while staying one step ahead of your competition? By offering cost segregation services to your clients from Cost Recovery Solutions. Accounting firms are always looking for ways to add services outside the typical tax and accounting functions to enhance their services and increase the financial performance of their firm. Partnering with CRS for cost segregation services is a proven way to do just that, as discovered by many CPA firms throughout the country.

Offering cost segregation services to your clients will:

  • Increase your client’s cash flow and profitability with minimal investment of your/their time.
  • Create an environment that benefits all parties involved.
  • Strengthen your practice by providing additional value-added services.
  • Establish you as the depreciation expert for your client.
  • Generate referral fees for your firm.
CRS offers you the opportunity to strengthen your client relationships and the ability to offer additional value-added services. CRS will assist you in promoting cost segregation services providing you with the edge to attract new clients. CRS will provide proposals for your clients at no cost, so that you may objectively evaluate the potential benefits. Clients routinely receive present value cash flow savings of 10 to 100 times their investment.

Why choose Cost Recovery Solutions? CRS has distinct advantages over other cost segregation firms:

  • Our in-house professionals include construction engineers and accredited appraisers with extensive technical experience in tangible asset appraisal and real estate tax accounting.
  • Cost segregation is our primary business. CRS has the expertise to directly execute their projects in-house and is the firm that many CPAs turn to for their own clients. When you receive a cost segregation report from CRS, you can be confident knowing that you are getting a professional, expert study signed and certified by CRS that will satisfy IRS requirements.
  • Rob Rahner, Managing Director of CRS, is a Senior Member of the American Society of Cost Segregation Professionals (ASCSP) and has over 20 years of engineering-based cost segregation experience.

How does a CRS cost segregation study work? 

  • CRS will prepare a free preliminary analysis of your property and provide you with a no-obligation proposal which outlines your projected tax savings and improved cash flow.
  • Upon engagement, a CRS engineer will conduct a detailed site visit including an inspection of your facility typically lasting between two to six hours. After returning to the CRS office, they will then examine architectural blueprints, construction specifications, invoices, and general contractor pay requests to identify and quantify components that qualify for reclassification and accelerated depreciation.
  • A cost segregation study, on average, takes four to six weeks to complete and requires only a minimal time investment by the client and their accountant.
  • CRS will then work with your accountant to prepare any required documentation and ensure results are properly implemented.

Ready to engage CRS to perform your cost segregation study or need more information? Contact Beth Burke today at 732-548-3855 x109 or fill in our web form for a free, no-risk proposal and start saving on your taxes.

Depreciation Maximization = Lower Taxes = Increased Income