Personal Property Tax Compliance and Audit Management
The Importance of Maximizing The Value Of Your Time
In today’s business world, companies must accomplish more with fewer resources.
Every company, both public and private, struggles with the issue of how to
complete daily tasks and special projects with limited resources.
One solution implemented by many companies is using outside resources for personal
property tax compliance and audit management. Engaging an experienced firm to
prepare property tax returns enables a company to use their internal resources
on projects that add value to the company. Outsourcing this function means choosing
a consulting firm that will perform this task accurately, meet all filing deadlines,
and most importantly, save you time and money.
General Financial and Tax Consulting is the company of choice for personal property
compliance because of our dedication to exceeding our customers’ expectations.
Personal property tax compliance is frequently considered a routine task, adding little,
if any, value to the company. What is valuable, however, is the time required by a
company’s experienced employees to complete this task. It often consumes several
months and the time of several employees. If there have been changes in locations,
tax laws, tax forms or filing deadlines, even more time is required. Companies are
evaluating the real cost of preparing the returns with their internal resources and
asking if these same resources should be used for value-added projects.
How It Works
GFTC has partnered with PTMS, the leader in property tax compliance software, to
prepare returns for our clients. The PTMS system ensures accurate preparation and
timely filing of personal property tax returns on behalf of our clients. We have demonstrated
that, in many instances, outsourcing property tax compliance to us will actually result in
reduced costs for our clients.
GFTC treats property tax compliance as more than a routine task. We ensure all filing deadlines
are met to ensure clients avoid interest and penalties. Additionally, we can use this opportunity
to reduce clients’ tax liability and correct their tax records so that benefits are realized in
the current and future returns.
Our staff will review prior years’ returns and fixed asset records to verify returns were
accurately filed, and reconcile this information to identify opportunities to reduce their
tax liability. Tax savings, coupled with more time for internal resources to focus on other
projects, makes using GFTC a smart decision for your personal property tax compliance.
How You Can Benefit
GFTC’s personal property tax compliance services can enable you to maximize the
value of your company’s time and resources. Benefits also include:
- Reduced tax expense
- Audit management resources
- Increased time for internal resources to work on priority projects
- Accurate and timely filed tax returns
- Reduced risk of incurring late filing fees, interest and penalties
- Option of direct assess to the PTMS software
- Eliminates annual cost for tax software and the time to implement software
- Access to experienced resources and elimination of training costs
Get Started
Whether you are ready to get started or have additional questions, the first
step is to contact GFTC. We want to hear your questions and explain how we can work
with you. Many of our clients have similar questions, and you may be able to benefit
from their experience. Start by filling out and submitting the contact form on this
web site. If you would like additional information, have more questions, or want
to discuss your situation, call us at (800) 733-5252 ext. 7000.
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