Business personal property tax is no simple matter—certainly not one that can be covered by a single blog post. There’s always more to learn and do in order to improve your compliance processes and make sure you’re paying the right amount. (Check out our blog for a ton of information on those topics.) But at a foundational level, personal property tax compliance hinges on a few important basics. Get these pieces right and you can feel confident you’re fulfilling the requirements correctly.
Tax research is a very important part of a property tax professional’s agenda. Knowing which tools to use will improve your process, and staying up to date with the industry’s new tools is beneficial. However, some resources are better than others. The more research you do, the better you’ll get at determining which ones work for you and your specific cases—this is key to streamlining your practice and enhancing your work product.
As one of the largest expenses for corporations, tax is an area worth scrutinizing. Changes in tax law as well as the way the profession is practiced can have a material impact on the success of an organization. And while tax law is not within our purview (unfortunately!), we do have some idea about common problems faced by tax professionals—after all, our team’s tax backgrounds have a big impact on the design of our property tax software.
Every corporate leader who invests in advanced technology is motivated in large part by the expected ROI it will produce. (There’s also a healthy fear surrounding what could happen as a result of doing nothing.) The same is true for the tax industry. Property tax professionals who have already started using the latest technology tools—including tax document automation software like CrowdReason—are seeing greater levels of productivity and higher-quality work product that makes their team more valuable for their organizations and clients. Why?
Topics: Tax automation
By now, just about every industry has found a way to incorporate robotic process automation (RPA) into its workflow, but so far, banks are leading the way. Why? Because succeeding in today’s global financial markets requires “unprecedented levels of speed, accuracy, and cost efficiency beyond what a human workforce can provide.”
Finding it a challenge to stay on top of Indiana business personal property tax rules? This article summarizes the essentials of the tax, and highlights new policies you should be aware of for future filing.
No matter what kind of business you are or where you’re located, property taxes cannot be ignored. Tax compliance—not only following the rules of filing but actually paying the taxes themselves—isn’t something to take lightly; the consequences of noncompliance could be devastating for any company.
Topics: Tax compliance
Business property tax in California has continued to increase in recent years. In fact, in 2017, California had the largest dollar increase in the U.S. in business property tax revenue—$1.5 billion more than the year before. And even though California property tax increases have been fairly predictable for the last few decades, all that may be about to change thanks to the split roll property tax initiative that will unfold in 2020.
Shopping around for new property tax software? Use this thorough guide to confidently select a property tax software vendor that’s the best fit for your team—now and well into the future.
Topics: Property tax software