What is personal property? All property that is not characterized or taxed as “real estate” or “real property” is considered to be a PERSONAL PROPERTY. Business personal property includes everything from pens and other small items to computers and manufacturing equipment. It is available whether it is claimed, rented, leased, lent, or in any case … Continue reading Business Personal Property Taxation
Commercial real estate software helps in managing the real estate operations conducted by the agents? As a matter of fact, these commercial real estate software are very good in providing real estate solutions depending on the type of property and they are mostly used by managers in the commercial real estate business to handle processes, … Continue reading Top 4 Commercial Real Estate Software To Improve Efficiency
When filing a property tax appeal you must have come across the word binding arbitration, but what is it all about. This article is all about it. Get to know what binding arbitration is, how to qualify for it, the arbitration rules, and a lot more. What is binding arbitration? It is nothing but an … Continue reading Property tax binding arbitration
Commercial real estate owners who want to maximize their tax savings can make use of the cost segregation strategy. It is considered to be the best and is now one of the most popular IRS approved strategies with some changes under the CARES Act. As we all know cost segregation is an IRS approved engineered … Continue reading Cost Segregation, the best ever tax-saving strategy to consider
In commercial real estate, there are many tax benefits for investors and owners. In this post, there are top 7 most commonly used tax benefits in the industry, and how to gain advantage of them. Top 7 Tax Benefits for Commercial Real Estate: Commercial Mortgage Interest is Tax DeductibleDepreciation is a Tax BenefitNon-Mortgage ExpensesLower Capital … Continue reading Commercial Real Estate Tax Benefits and How to Gain Advantage of Them
The first thing every taxpayer does to win a property tax appeal is hiring a property tax consultant to understand the depth of the case and handle it. Evidence is what speaks the most when it comes to winning a property tax appeal. Taxpayers can rely on property tax consultants to gather evidence, complete the … Continue reading Tips to win a property tax appeal
What is a Homestead Exemption? The homestead tax exemption applies to property taxes. It’s commonly a percentage of the property estimation that is excluded when calculating property taxes. The amount or percentage depends on the state, as does who is qualified for the exemption. In some states, every homeowner gets the tax exemption, while in … Continue reading How to Apply for a Homestead Exemption
Dealing with business taxes can be tiring but with a proper tax strategy, the results can be rewarding. Here is how cost segregation helps you reduce your current tax liability and increase the cash flow. The tax seasons have always been challenging one for taxpayers and it is the same for self-storage owners as well. … Continue reading Cost segregation for self-storage businesses
If you own a business and if you are paying a lot on personal property taxes then this article is for you. You can reduce the personal property taxes you are currently paying for your business by opting for a BPP tax protest. Let us start off with understanding what business personal property is. Business … Continue reading Understanding Business Personal Property Tax
For business owners looking for valuable tax saving options, bonus depreciation serves to be the best tool. With bonus depreciation businesses can deduct a certain percentage of the purchase price on eligible assets instead of writing them off over the useful life of the assets. The concept of bonus depreciation You must be familiar with … Continue reading Bonus Depreciation and its effect on business taxes
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