Cost Segregation Studies

A further application of the information derived from our original cost segregation study procedures is the establishment the insurable value basis for insurance and proof-of-loss on a newly constructed facility. It is well known that the cost to construct is not necessarily the true value of the property. To insure your property on the “cost-to-construct” basis could mean either paying higher premiums or being under-insured. Our detailed analysis of the “cost-to-construct” will establish your insurance basis based upon the conditions contained in your insurance policy. We can also substantiate from our records the physical characteristics of your property were it to suffer a catastrophic insurable loss.

“The proprietary computer systems of Neiman-Ross Associates are the foundation for our full range of capabilities in business valuation and appraisal services.”

Neiman-Ross Associates employs proven valuation methods, the most sophisticated financial analysis techniques available and extensive use of computerized systems to ensure rigorous supportability and timely results.

Costs segregation studies are an area of significant potential tax savings for our clients. The key to savings often lies in the identification and support of the services we provide. The demands of internal and external audit teams require that presentation of specific detail of personal property items be easily audited, fully supportable and self explanatory. The computer generated reports we produce provide all of these features and more. The audit trail we provide is clearly demonstrated and easily tracked from the taxpayer’s construction documents through to our final summarization of the real and personal property.

Our classification, costing and allocation procedures have been scrutinized by regulatory authorities and have passed numerous client tests of supportability, thanks to the unique efficiency of our computerized systems. The detail handling and computational accuracy of the computer leave only the issues of specific item qualification and regulatory interpretation to be explored upon audit. This final challenge is met by our experienced and up-to-date understanding of the regulations, IRS pronouncements, court decision, and industry practices.