Reviewing Your Construction in Progress Account in Alabama Can Save Money on Business Personal Property Taxes
When managing property taxes for your business in Alabama, every detail matters. One often-overlooked opportunity for savings lies in carefully reviewing your Construction in Progress (CIP) account and identifying "soft costs" that can be excluded from your business personal property tax return. Here's why this review process is essential and how it can directly impact your tax liability.
Read MoreDo you need help Streamlining Your Companies Business Personal Property Tax?
As businesses prepare to close another fiscal year, they face a critical yet often challenging responsibility: efficiently managing their personal property taxes. The annual business personal property tax compliance cycle is a multi-faceted process that demands attention to detail, from in-depth asset reviews to filing returns and navigating post-filing obligations.
Read MoreMississippi Freeport Warehouse Exemption – Are you covered?
Charles E. Stokes, in the Official Capacity of Tax Assessor of Hinds County, Mississippi; and Hinds County, Mississippi v. Jackson Sales & Storage Company, Miss. S. Ct., Dkt. No. 2022-CA-00371-SCT, 11/30/2023
Read MoreMichigan Industrial Personal Property Tax Phase-Out: Ten Years in the Making
The time to file the 2023 Michigan Personal Property Tax Returns is just around the corner. After ten years of phasing out the industrial personal property tax, the time has finally come when industrial taxpayer’s assessments are handled entirely by the State.
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Railroad Software Exempt from Property Taxes
The Seventh Circuit in the U.S. Court of Appeals recently ruled an exemption on property tax for a railroad's custom software in Wisconsin.
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Accruals: A Dreaded Process or a Healthy Approach to Fiscal Balance
Is it time to re-evaluate your accrual and budgeting process? Step into the new year with an accrual process that sets you up for a successful fiscal balance!
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Ready Set GO! 2020 Property Tax Compliance
It's annual property tax compliance season, and for personal property tax professionals, it's time to discuss what's going on in your business and with your assets.
Read MoreTEXAS: Rendition Deadline is a Moving Target for 2020
Change to the rendition filing deadline in Texas is also impacting the initial 30-day extended filing deadline. This impact could cost business owners thousands in property taxes if not done correctly.
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Texas Personal Property Tax Ruling
The Texas Court of Appeals recently ruled that a taxpayer was not liable as a successor for delinquent personal property taxes of the entity.
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