Business Personal Property Tax Texas

Let’s face it, tax forms are complex and expensive. For business owners, the tax process is even more complex. Most states require a business 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 can complete and file all business personal property renditions in an accurate and timely manner. You shouldn’t have to worry about business personal property tax returns when you have a business to run. Let Hegwood Group 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 business personal property rendition/return, we’ll audit and classify each asset according to the assessor’s office categories. This process ensures that each asset receives 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 conditions.

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.

We handle this time consuming task for our clients so that they can concentrate on what they do best running their businesses.

No matter if you’re filing a tax return or reporting your assets, our tax consultants can help with all of your business personal property tax needs. 

The Hegwood Group understands 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. Contact us today to get started!