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.
Business personal property tax is based on a list of your assets. However, not all states tax these assets in the same way. If a state does tax business personal property, not all states follow the same tax rules, codes, or even have the same deadlines.
Business personal property taxes can get especially tricky (and costly) if you own a business with multiple locations - like convenience stores, hotels, fast food franchises, banks, etc - or one with lots of expensive equipment/assets - like manufacturers, distribution centers, textile mills, etc.. It’s important to consult with a professional that can help you navigate local and municipal business tax laws and understand your obligations. Let Sharon H. Lyall, CPA help eliminate some of your burden so that you can focus on your business.
But first, let's start with finding out if the state you or your businesses are in actually tax business personal property.