Personal Property Tax

Property Tax Compliance Services

Few corporate tax departments have the expertise or resources to effectively manage their personal and real property taxes. Most companies rely on and utilize property tax consulting firms to manage this process.

Property Tax Compliance Services: Our personal property tax compliance process provides the administration and technical support to minimize the personal property tax assessments for your sites. We strive to be an effective low cost alternative through automation, quality control and centralized delivery.

A-SALT Group Personal Property Tax Service will:

  • Work with the client in creating and maintaining an accurate and current tax calendar.
  • Provide asset reconciliation designed to minimize tax liabilities through reclassifying assets based on accelerated depreciation, removal of ghost assets, exemptions.
  • Prepare all renditions for filing
  • Provide assessment notice verification to rendered value.
  • Process payment of all tax bills.

Personal Property Tax Services

Undergoing a personal property tax audit can prove to be a very unsettling experience. Most audits can cause a department’s staff to spend countless hours analyzing historical records, obtaining clarification on old issues, debating with auditors on interpretation of laws and regulations. Depending on the results of the audit the manager is quite often left questioning themselves or their staff.

The reality of the matter is that most companies do not have the personnel who have both the expertise and the time to effectively manage a personal property tax audit.

At A-SALT Group our audit services like our other services are scalable to meet your needs. Generally, our audit services fall into three types of offerings:

Audit Management – An A-SALT Group team manages the audit from the opening conference with the auditor through the audit’s conclusion. We work interactively with the auditor throughout the audit process. This includes such activities as meeting with the auditor on a regular basis, providing the auditor with appropriate documentation, addressing the application of various rules of law as they may apply to the client’s business, and lastly to oversee the activity of the auditor to ensure that the audit is brought to a swift and satisfactory conclusion. The A-SALT Group performs these tasks while simultaneously keeping the client apprised of the audit’s status with regularly scheduled updates.

Audit Defense – This service typically comes into play when the client’s audit is already underway, but the client would like the A-SALT Group to apply its expertise to help reduce any potential liabilities. This is accomplished by reviewing an auditor’s preliminary workpapers to identify items that should not be included due to asset discrepancies such as ghost or relocated assets, exemptions, or changes to depreciation. The audit can also be reduced by searching for credits that can be used to offset any liabilities.

Audit Support – A-SALT Group will customize our audit service and approach to meet the needs of our clients. We will support our clients and their audits as needed, from research to negotiations. There are many aspects of an audit that our experience and resources may be appropriate to utilize in order to support an audit.

A-SALT Group is experienced in dealing regularly with local assessors and their nuances. It truly makes sense to have A-SALT Group on your side as an extension of your department.