Accurately Budgeting for Property Taxes
As businesses begin crafting budgets for next year, many companies struggle with accurately budgeting for property taxes.
From fluctuations in tax rates to changes in a business's equipment or locations, many factors influence how much a company pays in business personal and real property taxes.
In this post, we'll discuss:
- why budgeting for your commercial property taxes is important
- factors to consider to formulate the most accurate budget
- what services are available to help with your tax budgeting
- An african american couple look at papers together An african american couple look at papers together
Business property taxes are an unavoidable part of owning a business. Many business owners are tempted to use tax software or simply file taxes on their own. For many reasons, these alternatives can be a risky endeavor. However, knowing how to choose the right CPA can also be a daunting task.
A Certified Public Accountant, or CPA, can help your organization with tax returns, audit support, appeals, as well as long-term tax planning.
Business property taxes are complicated - there are deductions you may qualify for, tax laws change often, and the nuances associated with asset reporting real estate valuations are enough to give most people a headache.
Business owners, you’re about to get a piece of mail you shouldn’t ignore. Mixed in with credit card offers and other junk, you’ll find your property tax bill. Decoding property tax bills for businesses can be complicated, so get ready.
Understanding your rights as a taxpayer and how taxes and valuations work can ensure you don’t overpay. With the help of an expert like Sharon H. Lyall, CPA, you can even reduce your property tax bill through an appeal.
After more than 25 years serving the North Wilkesboro community, Sharon H. Lyall, CPA, has moved her business. She will continue to serve all current clients without disruption.
Lyall’s relocated practice opened Aug. 1 in Winston-Salem, N.C. Lyall is moving her home and business to be closer to her son and business partner, Jeremy Lyall.
There are many Counties in North Carolina performing real estate revaluations in 2021. COVID-19 has dramatically affected the real estate market in so many different ways. This could mean that appeals will be even more complicated this year.