business personal property tax filing
Overview
Business Personal Property Tax Filing involves the accurate reporting and payment of taxes on tangible property used in the operation of a business, such as equipment, furniture, machinery, and other physical assets. These taxes are assessed by local jurisdictions (usually counties or municipalities) and can vary depending on the type and value of the property. Our service ensures that your business complies with local property tax regulations by helping you accurately report your assets, file personal property tax returns, and meet important deadlines. We also provide guidance on tax exemptions, deductions, and strategies to minimize your tax liability. With our expertise, you can avoid penalties, streamline the filing process, and ensure compliance with all applicable tax laws.
business personal property tax filing Services
Our Business Personal Property Tax Filing services help businesses accurately report and file taxes on tangible assets, ensuring compliance with local tax regulations and minimizing potential liabilities.
- Asset Inventory Management: Assisting in creating and maintaining an accurate list of all tangible business assets.
- Tax Return Preparation: Preparing and filing business personal property tax returns in compliance with local regulations.
- Valuation Assistance: Helping determine the accurate value of business property for tax purposes, including depreciation.
- Tax Exemption and Deduction Analysis: Identifying potential exemptions or deductions that may reduce taxable value and liabilities.
- Local Jurisdiction Compliance: Ensuring compliance with specific local property tax laws, deadlines, and reporting requirements.
- Filing Deadlines Management: Keeping track of filing deadlines to avoid late fees, penalties, and interest.
- Audit Support: Providing guidance and support if your property tax return is selected for audit by local authorities.
- Tax Payment Coordination: Assisting in the payment process to ensure timely remittance of any business property taxes owed.
- Dispute Resolution: Offering support in challenging or appealing inaccurate property tax assessments.
- Annual Reporting Assistance: Helping businesses meet the annual filing requirements for personal property taxes.
Business personal property tax packages
Basic Plan: $450/year
Ideal for Small Businesses with Limited AssetsReview of up to 10 assets (furniture, equipment, etc.)Preparation and filing of personal property tax returns for one jurisdictionAssistance with basic asset valuation and depreciationIdentification of potential exemptions or deductionsFiling reminders and deadline managementEmail support for tax-related questions
Standard Plan: $650/year
Ideal for Growing Businesses with Multiple Assets
Review of up to 25 assets (equipment, vehicles, machinery, etc.)
Preparation and filing of personal property tax returns for up to 2 jurisdictions
Comprehensive asset valuation and depreciation assistance
Identification of exemptions, deductions, and tax-saving opportunities
Filing reminders and deadline management
Annual tax reporting and documentation assistance
Phone and email support for filing-related inquiries
Premium Plan: $750/year
Ideal for Larger Businesses or Those with Complex Asset PortfoliosReview of up to 50 assets (machinery, equipment, computers, vehicles, etc.)Preparation and filing of personal property tax returns for up to 5 jurisdictionsIn-depth asset valuation, depreciation, and fair market value assessmentsIdentification of all available exemptions, deductions, and tax-saving strategiesFiling reminders, deadline management, and document submissionAudit support and representation in case of disputes or auditsAnnual tax reconciliation and reportingDedicated support for filing and tax questions
add-on services (available for all packages)
Additional Asset Review: $10 per assetAdditional Jurisdiction Filing: $50 per jurisdictionAudit Support: $200 per auditTax Dispute Resolution: $150 per disputeCustom Asset Valuation Report: $100 per report