Specifications include, but are not limited to: The Town of Southbury is accepting proposals from certified public accounting firms or audit firms to provide personal property audit services on business oriented personal properties, to assist the Assessor’s Office in valuation of such property. The audits will compare the personal property declarations submitted to the Town for the last three years with certain IRS documents. The audits may include a site inspection to verify information. The documents will include but not be limited to Form 4562 (Depreciation) and Schedule L (Balance Sheet) from the last three Federal Income Tax Returns. General ledger and location fixed asset schedules showing original cost and acquisition year including Section 179 property. Detailed listings of fixed assets listed as leasehold or building improvements. Listing of all leased equipment. The schedules of “Other Deductions” detail.
