It has come to our attention that the general public and even our clients have little to no idea about how obtaining a Property Tax Depreciation Schedule works and are stressed over it being a hassle.
Today, we will be uncovering our entire process from the start when a residential investor finds out about us on our website and is interested in finding out more about our service.
The purpose of revealing our process is to assure you that it is simple, straightforward and stress-free so you can trust us to get your schedule ready within days.
Our eDepreciation step-by-step process generally involves the following:
Step 1 – Initial Consultation
We conduct an initial consultation to gather information about your property and understand your needs. It will be an obligation-free chat and we usually will provide a free preliminary estimate. At the end of the session, you will get to decide whether it is worth it to proceed to the next step of the process and our quote team will assist you with choosing the best package for your situation and at your comfort level.
Step 2 – Property Inspection
Upon ordering a report that requires an inspection, our team will arrange for an appointment with you, the property manager or your tenant to perform either a virtual or physical inspection. On the day of inspection, depending on the location, our quantity surveyor or a local qualified inspector will be on-site to take photographic evidence, perform the measurements, and document all assets eligible for depreciation deductions.
Step 3 – Organizing Information & Research
Once the inspection is completed, the information gathered will be uploaded to our cloud platform to be assessed and organized by our team of experienced quantity surveyors who will begin the initial preparation of your report.
Step 4 – Report Completion & Follow Up
Once the tax depreciation schedule is completed, our customer service team will send over the report via email and if required, we can run through the report with you to understand how you claim your depreciation on your property.
Step 5 – Audit Support
The final step of the process is our post-completion service which provides a one-off complimentary report revision and also tax depreciation advisory support if your depreciation claim is questioned by ATO audit.
