Business & Personal Property Tax Consulting

Business and tangible personal property are assets considered income by the government and are subject to taxation in most states. Tax law is confusing and complicated for most people. Business owners don’t have the extra time to learn and understand property taxes. That’s where we come in. At the Hegwood Group, our business and personal property tax consultants will identify and classify the business assets you have and insure that they are reported and taxed correctly. Our services include:

  • Filing or personal property renditions and returns
  • Asset classification
  • Inventory reporting
  • Leased Asset Reporting
  • Equipment Reporting

It’s no wonder everyone recommends hiring property tax consultants.

Filing of Personal Property Tax Renditions and Returns

Tax returns are complicated no matter what. If you’re a business owner, it’s even more complicated. Most states require a personal property rendition/return to be filed for each business location. Whether your business has one location or many locations spread over several states, the Hegwood Group will complete and file all renditions in an accurate and timely manner. You shouldn’t have to worry about property tax returns when you have a business to run, so let us do the hard stuff for you.

Asset Classification and Taxable Inventory Reporting

Everyone wants to save money on their taxes and the easiest way to do that is by hiring someone who knows what they’re doing. Prior to filing the rendition/return, we will audit and classify each asset according to the assessor’s office categories. This process insures that each asset is receiving the appropriate depreciation and lowest possible taxable value while saving you money in the process. In states that tax inventory, we employ a similar process to identify tax savings associated with inventory exemptions and condition.

Leased Asset / Equipment Reporting

Many businesses own assets that are leased to their customers such as cars, heavy equipment, and business machines. These assets tend to change locations each year and reporting them to the correct assessor’s office can be time consuming and difficult. At the Hegwood Group, we handle this time consuming task for our clients so that they can concentrate on what they do best- running their businesses.

Let the Hegwood Group Help

No matter if you’re filing a return or reporting your assets, our experts can help with all of your property tax needs. We understand that you have better things to do with your time than learn about tax law, which is why we handle the legal stuff so you can focus on your business. Get in touch with us today to learn more.

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