Solutions
Cost Segregation
Learn why TCC is the leader in helping companies find returns on existing assets.
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Our clients say:
TCC’s expert knowledge kept our reporting accurate and found benefits we missed.”
– Senior VP, tax, Fortune 100 retailer
Leveraging Assets
Identify
TCC provides a detailed engineering review as part of our study. Without disrupting your business, we identify and confirm the costs of all potentially qualifying assets.
Accelerate
Our cost segregation studies can be performed upon completion of the property’s purchase / construction / improvement, as well as retroactively. In both cases, tax savings are maximized by reclassifying property and assets to accelerate depreciation.
Within buildings that were constructed, expanded, remodeled or purchased since 1987, a number of assets can be eligible for cost segregation. These include certain electrical/mechanical systems, decorative lighting or moldings, communication systems, distribution panels and wiring, wall and floor coverings, HVAC systems and exterior site improvements.
Our process begins with a review of all blueprints, architectural drawings and mechanical/electrical plans. From there, TCC’s engineers perform a site visit to physically identify all relevant components of the structure and fixed assets. Our finance team confirms the stated amounts and gathers supporting documentation from contractors and property owners. Updated depreciation schedules are then prepared to reflect the reclassification of certain assets.
Cost segregation studies rely on facts supported by documentation. Our engineers are involved directly, taking a methodical approach to identifying real costs, as opposed to relying on estimates. Blueprints, specifications, job reports, change orders, payment requests, invoices and contracts are all used to substantiate unit costs. With that level of construction-related documentation, TCC ensures an audit-ready study.
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TCC delivers tax incentive and human resources technology-enabled services.
We specialize in solutions for the Work Opportunity Tax Credit (WOTC), income and employment verification, research & development tax credits, sales and use tax incentives and other federal and state tax incentives.
