Axis Business Consulting provides personal property tax reduction services for companies. They analyze a client's major asset categories against 35 variables in each tax location to identify savings strategies. On average, clients see a 1/3 reduction in taxes in the first year of engagement. Axis has a team of local tax experts, including former assessors, that work with clients at key tax filing times to augment existing practices and achieve further reductions over a three year period.
If you get a tax bill from the IRS, don’t ignore it. Any procrastination may cost you more in the long run. The longer you wait, the more interest and penalties you may have to pay. Here are five tips to help you avoid those extra charges:
By consistently monitoring and keeping track of the changing statutory norms and regulations, we at Offshore Accounting & Taxation Services (OATS) aim to reduce risk for the clients and bring high levels of efficiency in our process.
If you get a tax bill from the IRS, don’t ignore it. Any procrastination may cost you more in the long run. The longer you wait, the more interest and penalties you may have to pay. Here are five tips to help you avoid those extra charges:
By consistently monitoring and keeping track of the changing statutory norms and regulations, we at Offshore Accounting & Taxation Services (OATS) aim to reduce risk for the clients and bring high levels of efficiency in our process.
Billing Guidelines, in conjunction with a concise retainer agreement, can assist individuals and corporations alike in ensuring they are only billed for what they have agreed to. Those involved in long-term litigation would benefit from customizable billing guidelines, and smaller businesses and individuals may benefit simply from a standardized set of billing guidelines. This Presentation aims to explain what Billing Guidelines are and how they can benefit you.
By working with Legal Fee Advisors to create customized Billing Guidelines specific to your needs, we can assist you by focusing on:
1. Areas of Reasonable Agreement
2. Standards that Create Real Efficiency and Savings
3. Standards that Create Transparency
4. Standards that can be Monitored with Clarity
5. The Benefits from Industry Best Practices and Cooperation
The team at Legal Fee Advisors can assist both corporate and individual clients alike in creating and implementing fair, reasonable and easily enforceable billing guidelines.
Income tax preparation – choose wiselytpreparation
Income tax preparation Chicago- Get high quality accounting services for all sizes of projects. That can help you to handle the most complicated tax issues. Are you ready for us to prepare your personal income tax? Schedule your free consultation today!
At CBIZ AiA, we understand that since 2008 banking has faced a “perfect storm” of financial challenges, including the housing market collapse, expanded regulatory enforcement and the financial stress of eroding margins. These events have had a direct impact on the bank insurance market, often resulting in coverage and limit reductions and premium increases.
Encuesta de Benchmarking 2013 sobre IVA que analiza los impuestos indirectos o impuestos que gravan el consumo, tales como el Impuesto al Valor Agregado (IVA) o el llamado Goods and Services Tax (GST).
Billing Guidelines, in conjunction with a concise retainer agreement, can assist individuals and corporations alike in ensuring they are only billed for what they have agreed to. Those involved in long-term litigation would benefit from customizable billing guidelines, and smaller businesses and individuals may benefit simply from a standardized set of billing guidelines. This Presentation aims to explain what Billing Guidelines are and how they can benefit you.
By working with Legal Fee Advisors to create customized Billing Guidelines specific to your needs, we can assist you by focusing on:
1. Areas of Reasonable Agreement
2. Standards that Create Real Efficiency and Savings
3. Standards that Create Transparency
4. Standards that can be Monitored with Clarity
5. The Benefits from Industry Best Practices and Cooperation
The team at Legal Fee Advisors can assist both corporate and individual clients alike in creating and implementing fair, reasonable and easily enforceable billing guidelines.
Income tax preparation – choose wiselytpreparation
Income tax preparation Chicago- Get high quality accounting services for all sizes of projects. That can help you to handle the most complicated tax issues. Are you ready for us to prepare your personal income tax? Schedule your free consultation today!
At CBIZ AiA, we understand that since 2008 banking has faced a “perfect storm” of financial challenges, including the housing market collapse, expanded regulatory enforcement and the financial stress of eroding margins. These events have had a direct impact on the bank insurance market, often resulting in coverage and limit reductions and premium increases.
Encuesta de Benchmarking 2013 sobre IVA que analiza los impuestos indirectos o impuestos que gravan el consumo, tales como el Impuesto al Valor Agregado (IVA) o el llamado Goods and Services Tax (GST).
Designed the 80/20 fully Integrated tax system for South African Revenue Serv...San-Mark Antonio Trimble
This project was presented to demonstrate how effective the ICA business model helped to enhance the SA Revenue Services - Increase tax collections, while eliminating tax evasion, fraud and also minimize human intervention. Proposals also made to the SADC countries to improve their tax systems.
End-of-year Tax Guide and Checklist for BusinessesMichael Burdick
Tax season for your business doesn't have to be scattered, painful, and time-consuming. Paro's End-of-year Tax Guide and Checklist for Businesses helps you get a handle on tax prep best practices, how your business structure impacts taxes, what you absolutely need to file taxes, and what your tax preparer needs from you.
Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning — estimating your tax liability, looking for ways to reduce it and taking timely action.
A presentation about saving money for your company with tax credits you are already eligible for. Created by Linda McBee at L&M Consulting Services.
lmcbee.com
For many business owners, the major source of retirement funding is the sale of their business or assets owned by the business. Fortunately, there are a number of capital gains tax (CGT) concessions available to small business that reduce or even eliminate the capital gain on the disposal of certain assets. It is important to understand the concessions available and the eligibility requirements to ensure entitlements are maximised.
Mercer Capital's Value Matters™ | Issue 1 2018Mercer Capital
Mercer Capital's Value Matters™ addresses gift & estate tax, ESOP, buy-sell agreement, and transaction advisory topics of interest to estate planners and other professional advisors to business.
Strategic Solutions to Reduce Tax Burdens and Maximize Cash FlowBruce Jooste
Providing comprehensive tax strategies and models to businesses that once implemented typically reduce your tax burden by 20% to 40% on an annual basis.
We are aware that operating in several jurisdictions offers chances to save expenses and increase market share, but that doing business abroad is time-consuming and expensive due to the intricate rules. We have strong ties to our foreign affiliates overseas and are members of reputable international alliances. Our foreign affiliates have the technical know-how to guide you through the confusing web of national and international tax rules, including the Goods and Services Tax in India.
For fixed asset intensive and industrial taxpayers, personal property tax is a large fixed expense applied to non-real estate assets, and this is levied regardless of your company’s profitability. 38 states levy personal property taxes ALL states levy property taxes either at the state or local assessing level on utility assets (including railroads, telephones, cable, power plants, pipelines, and airlines).
Personal property taxes are a large fixed expense applied to virtually all non-real estate assets and they are levied regardless of a company’s profitability. As a rule, annual personal property taxes are equal to between 1% & 2% of the book value of assets. Our experience shows that on average taxes can be reduced by 1/3 in the first year of engagement. We test a client’s major asset categories against 35 variables in each locale that levies tax for savings opportunities. Only 1 out of 5 companies has accessed any of these tax savings strategies.
Annual tax reporting system: In most instances, the annual compliance mechanism (or “filing”) looks benign on the surface, but fails to reveal the full range of a taxpayer’s options. Tax assessment process: Personal property taxes are assessed annually on the value of assets; however, most jurisdictions have failed to revise their depreciation rates. Revisions would reflect the steady, but dramatic, erosion of value of most capital assets, thus resulting in higher taxes. Trickle down of tax saving strategies: Savings in one area can often lead to savings in another. Few companies have adopted all available property tax saving strategies. Local exceptions and exemptions: Frequently, these exceptions vary from jurisdiction to jurisdiction in the same state, and uniformed taxpayers pay higher taxes than they should. Local expertise: Many taxpayers and property tax service providers are unaware of the significant contribution that manpower located in the field can add when combined with strategic work.
CCA has developed a unique practice for the property tax industry: CCA prepares a customized matrix of savings strategies for each location. As a result, CCA’s methods have been accepted without challenge in 98% of its clients’ tax filings.
We work with client teams at 3 key annual property tax junctures aimed at augmenting clients’ existing practices: Planning & Research, Implementation, and Follow Through & Steady State. YOU NEED TO EXPLAIN EACH ONE OF THESE STEPS IN MORE DETAIL THAN JUST THEIR NAMES.
Client Contact & Manpower: Antreas Ghazarossian leads the engagement team, and is directly responsible to produce results. Combining his technical expertise and management skills, Antreas provides overall engagement oversight, and coordinates every aspect of service delivery. Many of the team members are retired assessors that have a wealth of unmatched experience in this field. State & Local Expertise: The laws and regulations of the multitude of jurisdictions that levy property taxes are complex and in flux constantly. Relationships have been established with preeminent local experts in virtually all significant tax districts, and accesses these resources rigorously.
Medium to large companies in a range of industries Significant private equity firms Major U.S. corporations Minimum size requirement is $100 million in personal property and equipment
Managing the entire portfolio of personal property taxes for a $3.5 billion NYSE company, achieved personal property tax reductions of $52.0 millions, a 42% reduction in 36 months in every major taxing jurisdiction in the U.S. Saved a large Western electric company $8.0 million annually via a corporate structure adjustment that affected reporting Effected a permanent reduction from $2.9 million to $0.7 million per annum for a wireless communications company.
Our strengths are our Proven Methodology, our Unmatched Expertise & Manpower, our Far-Reaching Network, our Low Risk, Minimal Investment, and our Substantial & Quick Returns. DEVELOP THIS IDEA MORE IN THE NOTES.
We work on contingency basis, which is 1/3 of the savings it generates during its engagement. As our work is cumulative, it normally takes three years to reach “steady state”.
What is the magnitude of overpayment in personal property taxes? Our average in 2007 was 40% reduction for Year 1 clients. These are immediate savings that fall to the bottom line. Why are assessors under-informed? Previous assessors who are members of our team inform us that on the average they only had 15 minutes to study a taxpayer’s requests.
Is there any relationship to federal taxes or SEC reporting? None When your engagement is over in three years, what is your plan to “up train” client personnel? We ensure that the progress that was made during our engagement continues. Why aren’t companies doing this now? Usually there is not enough manpower, time, or expertise to evaluate each location.
On average, the CCA program can save a company 30% of its personal property and equipment. With as little as last years tax return, we can determine if there is an opportunity at little to no cost. It is important to start this opportunity with the C.F.O. For 10 years this program has been the only one of its kind. With no risks, every employer should know about this program.
Wrap it all up and invite them to contact you at their convenience.
![[object Object],[object Object],[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)