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Other Services Cost segregation studies are comprehensive engineering-based procedures used to inspect your property to determine potential asset reclassification, cost data details are analyzed and labor, materials and indirect costs are apportioned and total costs are reconciled based on the analysis to capitalize project costs. The study is documented and supported by an audit trail. The income tax savings are created by utilizing shorter asset lives that are generally depreciated over 39 years. IRS regulations provide for the use of shorter lives and accelerated depreciation for certain improvements made to commercial buildings. This allows for substantial cost savings for many types of property owners. If we determine that your business might benefit from such a study, we will make the arrangements for its conduct and will work with the engineering company throughout the process. FCT was a leader in the paperless environment years before it became popular. Our level of investment in technology and our strategic decision to follow along this path, not only sets us apart from other CPA firms, but more importantly allows us to efficiently deploy our assets towards resolving higher level client business issues. Not only are we a paperless office, but we also offer our clients a portal through which we securely store their documents for them which they can access at any time. We are able to confer with clients who may be in remote locations with all relevant files accessible. Our communications systems are state of the art leading the way to a more responsive environment. Additionally, our IT department is available to help our clients with their technical issues, whether it be hardware or software related.
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Friedman, Cohen, Taubman and Company, CPAs
South Florida Ceritifed Public Accounting Firm
Services
