Companies undertaking major capital projects can benefit from assistance in the planning, monitoring, and tracking phases of major projects as well as the resulting capitalization of the costs associated with such projects, particularly with a demanding time line. Through numerous past projects, Taylor Consulting Group has developed relational database accounting systems, analytical spreadsheets, and general tracking procedures.

Whether our consultants assist your company by performing all aspects of your capital project monitoring, tracking, and cost capitalization, or whether we can assist your company in specific phases, our professionals bring an independent eye to your capital project team that can help maximize your return on investment.

Cost Segregation Studies – Whether to ensure the capture of full depreciation benefits, or simply the cost tie-out, asset identification, and capitalization of capital project component costs, the consultants at Taylor Consulting Group can assist your company. Our professionals have extensive experience in the identification and carve-out of equipment related costs, and in correctly capturing all the components of your capital project that may have a significant effect on your company’s control and depreciation of assets for financial reporting or tax purposes.

Capital Budgeting Support – In today’s financially competitive environment, companies must plan and prepare an effective growth strategy. Undertaking significant capital projects requires a full understanding of the effects of the available financing options. The professionals at Taylor Consulting Group can assist your company in planning and preparing for your growth needs. Whether researching financing options or detailing individual capital project budgets, TCG can help your company control its capital spending programs.

Project Tracking & Reporting – You have decided to undertake a significant capital project. Are procedures and systems in place to tract commitments, not just payments, against budgeted costs, while simultaneously ensuring that the information is being properly allocated to the appropriate project expense or asset category for later capitalization? If not, you may be investing more money than was planned through tracking and reporting errors. We can assist your company by providing in-depth, detailed tracking and reporting of expected and actual costs that will allow you to know where your money is going and when it is expected to be spent.

Development of Policies & Procedures – For many companies, tracking major capital projects is not a routine event. Accounting procedures and controls may not exist to adequately monitor and control these projects. The consultants at Taylor Consulting Group can assist in developing the necessary project-related policies and procedures that will help with the control and tracking of expenditures. With the proper policy-driven safeguards and procedures in place, your people will be empowered to help your company achieve the maximum return on its capital project investment.