A Property Condition Assessment (PCA) involves a team of specialists to inspect government/public, commercial, and private facilities. Engineered Tax Services will perform a physical walk-through inspection of the facility to determining the condition of each building system. Systems include all mechanical, electrical, plumbing and architectural components of a building. There can easily be 80+ systems within a building that will need to be inspected and documented. The condition is based on any deficiencies and remaining useful life of each system. This information is valuable for determining and planning for when system repairs and renewals will be required. Modeling and documenting the condition of each system will give you the overall facility condition and allowing you to plan for the proper level of investment based upon the function of the facility.
Are you leaving money on the table when it comes to your bank's tax deductions? A strategic approach called cost segregation could reveal thousands, even millions, in potential savings. Traditional depreciation methods spread the cost of your building over a long 39-year period. However, banks often house specialized equipment and components with shorter lifespans. Cost
Even the most diligent taxpayers can make mistakes when filing their tax returns. Maybe you missed some income, forgot a deduction or depreciated an asset improperly. The good news is that the IRS gives you ways to fix these types of errors. Two primary tools exist for making corrections: amending your tax return and filing
Grants are a fantastic way to secure the funding you need for projects that deliver public benefits. Unfortunately, many misconceptions persist about how grants function, who is eligible and the process involved in claiming them. If you're wondering what's true and false about grant funding, you’ve come to the right place. Let's debunk some common