Why do I need a tax consultant to review our real property?  State assessment laws encourage the use of mass appraisal techniques and a process known as equalization to arrive at an assessment of your property’s worth. These mass appraisal techniques do a very poor job at quantifying the real fluctuations in the marketplace, if at all. 

Unlike real property, personal property is self-assured in most taxing jurisdictions. We work to ensure you do not overpay your actual liabilities. Our approach to personal property includes a number of different techniques, including review of past personal property tax returns, etc.

There are many items which qualify for tax exemption status as long as the proper application paperwork is filed. One example of an exemption are items considered pollution control equipment.  If an item or a percent of an item exists only to prevent pollution from entering the external environment, then it may be exempt from taxation.

Grants and monies are available for those who are proactive in procuring them.  It is that simple.  Charleston Tax personnel have significant experience working directly with federal, state, and local municipalities to assist our clients in identifying grant funds, gap financing, and workforce development monies.

The purpose of a fixed asset inventory is to ensure the list used to file your return is accurate.  It seems like a logical step; however, most companies get caught up in the hustle and bustle of everyday business and do a rather poor job maintaining this record.  Assets are bought, sold, transferred, upgraded, broken, disposed of, idled, etc.