How to Find Brewery Property Tax Savings

Wednesday, 13 October 2021 09:52

Business property taxes can be a significant expense for breweries — especially new breweries. Whether a brewery has been in business for years or is just starting, finding brewery property tax savings can help your bottom line. 

We are explaining the types of business property taxes breweries pay and the steps owners can take to find tax savings. 

No one wants to deal with an audit, but odds are if you own a business in a state that collects business personal property taxes, you’ll face an audit at some point. Getting audit support from a CPA can make the process run smoother and keep you from paying more than you should. If the business personal property tax auditors find something, your business could face fines of up to 60%. Getting audit support as soon as you receive your audit notice is the best way to protect your business.

Accurately Budgeting for Property Taxes

Monday, 20 September 2021 16:20

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

How to Choose the Right CPA  

Friday, 03 September 2021 14:47

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. 

Decoding Property Tax Bills

Tuesday, 31 August 2021 10:32

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.