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Cost Segregation Associate Jobs in Michigan (NOW HIRING)

Empire Electronics Inc

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Warehouse Receiving Associate

Troy, MI · On-site

$15 - $18/hr

Responsible for the segregation of critical material onto the critical material shelf when system ... Thanks to our engineering, manufacturing, and testing capabilities, we have reduced cost and ...

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Cost Segregation Associate information

What is a Cost Segregation Associate?

A Cost Segregation Associate is a professional who helps property owners identify and classify components of a building for accelerated depreciation purposes. They analyze construction costs and building features to separate personal property from real property, which can lead to significant tax savings. Typically, Cost Segregation Associates work with engineers, accountants, and tax professionals to maximize the tax benefits for clients. Their role involves site inspections, cost analysis, and preparing detailed reports for tax documentation.

What are the primary challenges a Cost Segregation Associate faces when working on property analyses?

Cost Segregation Associates often encounter challenges such as gathering detailed construction documentation, interpreting architectural and engineering drawings, and ensuring compliance with tax regulations. They must work closely with property owners, accountants, and engineers to obtain accurate data and classify building components correctly for depreciation purposes. Effective communication and strong analytical skills are crucial, as associates often juggle multiple projects with tight deadlines while maintaining accuracy in their reports.

What is the difference between Cost Segregation Associate vs Cost Segregation Analyst?

AspectCost Segregation AssociateCost Segregation Analyst
CredentialsTypically requires a bachelor's degree in accounting, finance, or related field; certifications like CPA or ASA are commonSimilar credentials; often holds CPA, ASA, or related certifications
Work EnvironmentWorks in accounting firms, engineering firms, or real estate companies; involved in property assessments and reportsSimilar work environment; focuses on analyzing property data and preparing reports
Industry UsageUsed in real estate, construction, and accounting industries for tax planningCommonly used in similar industries for property valuation and tax benefits

Both roles involve analyzing property data to optimize tax benefits through cost segregation studies. The main difference lies in job titles used by firms; they often perform similar tasks and require comparable credentials. The choice of title may depend on company preference or specific project scope.

Can anyone do a Cost Segregation study?

A Cost Segregation Associate is a professional trained to perform cost segregation studies, which involve detailed analysis of property components to accelerate depreciation. While technically anyone can attempt to conduct such a study, it requires specialized knowledge of tax laws, engineering, and construction, and is typically performed by certified professionals to ensure accuracy and compliance.

How to become a cost segregation specialist?

To become a cost segregation specialist, individuals typically need a background in engineering, accounting, or real estate, along with specialized training in cost segregation studies. Certification programs, such as those offered by the American Society of Cost Segregation Professionals (ASCSP), can enhance credibility and job prospects. Gaining experience with tax laws, depreciation methods, and relevant software is also beneficial.

What does a cost segregation person do?

A cost segregation associate analyzes property components to identify and reclassify assets for accelerated depreciation, helping clients reduce tax liabilities. They review engineering reports, cost data, and construction details, often using specialized software, to optimize property tax strategies. This role requires knowledge of tax laws, construction costs, and accounting principles.

What are the key skills and qualifications needed to thrive as a Cost Segregation Associate, and why are they important?

To thrive as a Cost Segregation Associate, you need a strong background in accounting, finance, or engineering, often supported by a relevant degree or professional certification such as CPA. Familiarity with tax software, AutoCAD, and cost estimation tools is typically required to accurately analyze and document property components. Exceptional analytical thinking, attention to detail, and clear communication skills are crucial for interpreting regulations and conveying findings to clients or team members. These competencies ensure accurate tax savings, regulatory compliance, and effective client service in this specialized field.

Is it worth it to do cost segregation?

For a Cost Segregation Associate, understanding the benefits of cost segregation involves recognizing that it can accelerate depreciation deductions, leading to significant tax savings for property owners. The process requires detailed analysis of property components and often involves working with engineers and tax professionals. Whether it is worth it depends on the property's value, age, and the client's financial goals.
What cities in Michigan are hiring for Cost Segregation Associate jobs? Cities in Michigan with the most Cost Segregation Associate job openings:
Cost Segregation Associate jobs near you
Warehouse Receiving Associate

Warehouse Receiving Associate

Empire Electronics Inc

Troy, MI • On-site

$15 - $18/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 4 days ago

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Job description

Description of duties

  1. Responsible for receipt of raw material in the Monitor Manufacturing Software and Empower
  2. Responsible for the segregation of critical material onto the critical material shelf when system identifies as such material
  3. Responsible for the segregation of inspection required material
  4. Responsible for bringing any receiving discrepancies to the management team for resolution and moving such material to the designated area
  5. Responsible for the segregation of hazardous materials
  6. Assist in creating super objects and wrapping, weighing and labeling
  7. Responsible for accuracy in receipt and labeling of material
  8. Assist team with loading and unloading ocean containers
  9. Cleaning and disposing of pallets and packaging material
  10. Work with Accounting personnel as necessary to resolve discrepancies
  11. Other duties as assigned

 Compensation & Benefits

  • Medical, dental, and vision insurance
  • 401(k) with company match
  • Paid time off and holidays

Company Description

Empire Electronics, Inc. is the leading North American Automotive Supplier of Exterior Lighting Harnesses, Printed Circuit Board Assemblies, and Components. We collaborate with OEMs and leading automotive suppliers to design, develop and manufacture a full range of products, such as printed circuit board assemblies, sockets, connectors, and plastic-injection molded components for the automotive market. We are leaders in producing high-volume, error-free wiring harnesses, sockets, connectors and other injection-molded components. Empire Electronics is a vertically-integrated company, which allows us to provide customers the most competitively-priced products in the industry.
Mission
Since 1981, we have developed a vertically integrated supply chain aimed at satisfying our customers’ needs. Thanks to our engineering, manufacturing, and testing capabilities, we have reduced cost and increased quality all in the effort to bring our customers components – from design through validation – as rapidly as possible. At Empire, we stringently adhere to our customers’ specifications and make sure all of their requirements are fulfilled.
Vision
At Empire, we aspire to become the best automotive Tier 2 supplier in the world. By consistently exceeding industry standards in terms of quality and costs and being environmentally conscious, we aim to surpass our customers’ expectations with our products and services. Through our highly skilled management team and dedicated workforce, we strive to lead and innovate our way to further