One other method that I have seen is to use a single timer that resets itself. Then do a Less than comparison with the .ACC value to drive the flashed.
For instance, .01 time base, preset of 200 (2 sec) and timer resets itself. Then drive the flasher with LES T4:x.ACC 100. Then the flasher is on for the first second and off for the next second.
This method has the advantage of non symmetrical on/off times or even synchronized flashing by using multiple limit instructions to look for certain parts of the same timer cycle.