Maximize Your DIY
O’Connor is here to work in tandem with you and your team as you pursue cost segregation. In order to get you the best results, we need as much evidence as possible from you and your employees. No one knows your property like you and your employees, and you can provide us with insight that would not be gleamed otherwise. This is especially true in cases where there is no site visit. Our appraiser will need the basics, like the age of the building, the condition at the time of acquisition, and other pedigree facts. But there can also be 100 or more items eligible for depreciation that would be helpful to know about.
It is imperative that you and your team provide documents, photos, videos, and testimonials about the property. This does not need to be complex or all-encompassing, but the more detail we have, the better the report will be. Complex situations can be a different matter, but we always recommend that such situations only be addressed with an on-site visit.
The Value of Financial Data
A key piece to the puzzle when it comes to cost segregation is the general ledger for a business. While it may seem odd, this provides details about the commercial property, as it can reflect day-to-day activity. It also helps build a history, revealing places where depreciation might lurk. Short-life depreciation is not always obvious to a layperson, and things like HVAC, roofs, paint, wiring, plumbing, and countless other things can qualify.
Take Your Time
Cost segregation is not something to be rushed, so your team should take a relaxed, if diligent, approach. Rushing can miss key details, while a careful study could reveal issues that you never considered. With your evidence and our expertise, we are sure to get you the best deal possible.