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Tangible property (property that you can see and touch) other than land and buildings is usually classified as personal property. Those assets include but are not necessarily limited to:
- Inventory
- Office furniture
- Office and warehouse equipment, systems, and fixtures
- Computers
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- Business vehicles
- Manufacturing, processing, mining, and distributing machinery and equipment
- Supplies
- Work in progress
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Business Personal Property Services
(Inventory, Office Furniture, Computers, Business Vehicles, Supplies, Etc.)
- Annual review of clients' portfolio and annual tax assessments
- Collect information from owner in order to prepare renditions
- We will prepare your personal property returns for you, minimizing your internal workload
- Determine if reclassification or special treatment of assets is needed
- Timely file property renditions with the appraisal district
- Check for double assessments
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- Timely file all necessary appeals with the appropriate taxing authorities
- Research after-market sales, if appropriate, to support values and depreciation schedules
- Representing the client at all settlement negotiations
- Settlement negotiation including informal meetings, appearances before Appraisal Review Boards and legal remedies, if appropriate
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Administration
- Reporting on status of your account
- Furnish results of appeal with written documentation from appraisal district
- Recommendations regarding appeal
- Furnish tax savings report and an estimate of tax liability report
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- Assisting client by providing advice to minimize future tax liability
- Tax statement receipt, review and approval, upon request
- Exemption consultations
- Pre-acquisition and disposition analysis consultations
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The objective of our service is to minimize assessments. Our approach often produces value reductions that companies with less-experienced consultants will miss. When disputes arise, we also vigorously defend client positions within the established appeal system, or retain third party legal counsel as necessary from high-profile law firms that specialize in state tax practice.
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