Important Dates: Don’t Miss Out
• September 15: extended 2007 tax returns for corporations due
• October 15: extended 2007 tax returns for individuals and other business entities due
Window Of Opportunity Is Closing:
To receive this substantial cash flow benefit, you should schedule a Cost Segregation Study TODAY otherwise this opportunity will be missed.
Scheduling:
• Free benefit analysis and cost estimate: 2-5 business days from the time you contact us.
• Average project time: typically 30-45 days from acceptance of the initial free benefit analysis to delivery of the final cost segregation study (includes site visit).
• CPA work schedule: usually takes about 3-5 business days for your CPA to integrate the cost segregation results into the client’s tax return
• Total turn-around time: 35-55 days
• Contact us today to schedule your Cost Segregation Study
2008 Bonus Depreciation:
The Economic Stimulus Act of 2008 provides a significant tax incentive for businesses to make capital investments by adding a special 50% depreciation allowance for qualifying purchases. This special bonus depreciation allowance is available to all businesses and applies to most types of tangible personal property and computer software acquired and placed into service in 2008.
• You can receive a 50% bonus deduction on most shorter life property placed in service in 2008.
• Increases expenses that small businesses can deduct from annual income – to $250,000 from $128,000 in 2008 – the section 179 limit with a total cap of $800,000.
Why Clients Choose SourceCorp:
1. Celebrating our 25th year in business, we are the most trusted, experienced, reliable and financially stable specialized tax service provider in North America:
Founded in 1983, and owned by Apollo Management Group, we are the leading specialized tax service group in North America with many Fortune 500 clients, top 10 accounting firms, and the preferred provider by many leading CPA associations and networks. We specialize in a number of professional tax services that can help you minimize your taxable income under the rules and regulations of the Internal Revenue Code (IRC). Our services include LIFO Accounting, Cost Segregation Studies, R&D Tax Credit Services, and Green Building Tax Deductions.
2. We guarantee our work – our clients are always first:
Since 1983, we have maintained long-term client relationships, provided value-creating resources, and acted responsibly in helping our clients reach their goals. The secret to our success is not really a secret – we go the extra mile by providing unparalleled service excellence, reliability, and trust. Our promise to you: If you’re not 100% satisfied, we will make it right.
3. Complimentary review:
We will honestly tell you in advance whether or not the tax benefit is warranted before you engage our services. In other words, the initial estimate costs you nothing and you get to see up front whether or not to pursue the benefit. As a result, the vast majority of our clients trusts our counsel and have used our services again and again for decades. Contact us today to schedule your Cost Segregation Study
4. Complimentary audit assurance and support – we take responsibility:
After 25 years, we have seen a lot of boutique consulting businesses come and go. They offer all kinds of gimmicks to get your business such as setting unrealistically low pricing, contingent billing based on questionable benefits, commissioned sales people who have little or no industry experience, and who outsource your business to other firms who have no long-term interest in your company. The last thing you want is a service company that ends up going out of business and leaves you holding the bag when you or your clients are audited. We have successfully defended our studies during IRS examinations and have withstood the scrutiny of IRS audits as well as hundreds of CPA reviews. We don’t charge for Audit Insurance because we stand behind our work and we believe it’s the right thing to do. With other businesses here today and gone tomorrow, it makes sense to partner with a firm with a long history, financial strength, and who is recognized as the industry leader.
5. We are responsive:
We believe that our client relationships are a non-renewable resource. When you contact us, you can expect to receive a reply in 4 hours or less. Moreover, on average, our studies can be completed from initial analysis to final documentation from 2-6 weeks. With nearly 70 full-time staff members including CPAs, engineers, business professionals, marketing, tax specialists and with offices located throughout the US, we don’t outsource our work, so you’ll receive an answer from the people who are knowledgeable, experienced and passionate about your business in a timely and professional manner.
6. We go beyond SOX compliance:
We have successfully implemented process controls and data security measures that meet or exceed the following standards: Sarbanes-Oxley Act of 2002, Gramm-Leach-Bliley Act of 1999 (GLBA), and the Health Insurance Portability and Accountability Act of 1996 (HIPPA). Additionally, we carry $2M errors and omissions liability insurance with best-rated insurance firms. All projects are completed in-house. In fact many cost segregation providers outsource their studies to our company.
7. We build lasting relationships:
Most of our clients have been with us for decades. Average staff tenure is more than a decade. Though there are many “overnight” firms touting cost segregation services, why would you want to risk your trusted CPA/client relationships especially when you consider IRS audit potential. We are a tax benefit service company specializing in tax areas requiring significant accounting, financial, business, manufacturing, engineering and technology expertise. We are not a CPA firm, but because we have many CPAs on staff and in executive management, we understand the unique CPA/client relationship and work with your accounting firm or in-house accounting manager. As such, we build long-term relationships with our clients providing significant and leveraged experience and synergies. We bring value by helping you become more efficient and profitable.
8. We provide a one-source resource:
As your single-source specialized tax benefit provider, we can save you time and money. We deliver all the different elements of a specialized tax benefit service – a turn-key approach – that is not only more convenient, but is the most effective method to streamline the entire process. In addition to ensuring project consistency, working with one provider who assumes responsibility for the entire project from implementation to support maximizes efficiencies throughout the project, maintaining focus on project priorities, and increasing the flow of information so that best practices can be easily deployed and newly gained insights quickly shared with you and your management team.
9. We will find the maximized benefit:
We ensure the maximum benefit possible based on our 25-year experience, technical expertise, and understanding of your industry. Contact us today to schedule your Cost Segregation Study
Compare Our Process To Anyone In The Industry & Then Decide:
• Our highly qualified consultants perform a comprehensive and exhaustive examination of all construction documents, augmenting our findings with engineering based “take-offs”. We do not rely on common shortcuts such as misusing statistical sampling on dissimilar buildings; using an unsupportable rule-of-thumb approach; or taking a survey approach to our estimates.
• Our proprietary software allows “indirect” or “soft” costs to be allocated at three levels of specificity improving both the accuracy and the results of a cost segregation study. The majority of providers prorate the indirect costs to the entire project so that specialized engineering services, such as kitchen design, end up applied to non-qualified costs such as concrete slabs or earthwork. Our software ensures that your property is allocated to correctly maximize the benefit.
• For projects with multiple tenants, our proprietary software allows us to break out the results for each individual space. This is helpful to our clients in that it provides another layer of detail for fixed asset records as well as providing a basis for partial dispositions so the client knows what to write off when a tenant moves out
• In accordance with IRS recommendations, we visit virtually every building that we study. This ensures a thorough understanding of the facility; identifies personal property not reflected in the drawings and reduces unexpected surprises.
• On acquired properties, we correctly build up a replacement cost new and account for the physical depreciation through wear and tear of the building and personal property, prior to performing the actual study. Many cost segregation providers do not account for wear and tear and incorrectly treat all acquired property as new.
• We strive for consistency. Many providers are dispersed, the deliverables reflecting a specific office or individual and the estimated costs even differing from report to report for the very same item. We have centralized our production; created efficiencies and consistency through in-house databases, templates and software; and we have centralized our quality control to ensure standardization from the top down. Every report we provide uses the same database of costs, the same report structure and deliverable and the same classifications with the appropriate precedents.
• We assign a dedicated Account Manager to oversee your project through completion, which includes facilitating communication of process, information collection and expected completion date.
• We involve the CPA in every major decision throughout project.
• We’ve developed an internal tracking program designed to list missing information for each project for the Account Manager to collect.
• We rely on a professional in-house staff comprised of individuals with experience in the construction industry such as architects, engineers and construction science majors.
• We have in-house CPAs and research staff that are proactive in identifying relevant case law, legislation or IRS opinions augment our engineering staff.
• Our staff has many years of “Big 4” experience.
• We provide up to 40 hours of audit support with every report – we maintain a very successful track record in audits.
• Reports are designed specifically to reflect the IRS’ description of a “quality” cost segregation study.
• A detailed electronic audit trail increases the audit ability of the study and ensures that years down the road, every report, its work papers and phone logs are readily accessible with a few key strokes.
• Our SARBOX compliant archival process and work papers digitally vouches for the results of our studies and ensures the confidentiality of your records.
Conclusion:
SourceCorp has a national Cost Segregation practice with the required knowledge and expertise to meet IRS requirements for cost segregation. We have a strong commitment to quality and are proud to lead the field in IRS-accepted studies. We understand that any good business decision is based on the cost versus the benefit received. Our clients recognize the combination of value and quality they receive, which results in a tremendous amount of repeat business. With completed studies resulting in the deferral of more than $1 billion in taxes for our customers, we have earned an unparalleled reputation as the highest quality provider in the Cost Segregation industry.
Contact us today to schedule your Cost Segregation Study
Contact Information:
Matthew Rader
214.762.5198
Director, Cost Segregation Services
matthew.rader@SourceCorptax.com
Chris Henderson
817.732.5494
Director of Operations
chris.henderson@SourceCorptax.com
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