Common Sales And Use Tax Audit Traps Here’s a lesson in business management for you: taxes are important. When businesses forget to track sales tax on their products, they can end up paying more than expected – which could be devastating! One of the most common mistakes businesses make is failing to calculate sales tax … Read more
Depreciation Versus Market Value Is Costing You Thousands The property tax code defines the valuation method for personal property as “market value.” However, most appraisal districts still assess your property on a depreciated cost basis, resulting in your overpaying every year – especially on software, technology assets, and office furniture. Three Common Mistakes There are … Read more
California Property Taxes – Have You Factored In Prop 19? What Is Prop 19? In California, property taxes aren’t as straightforward. There are more variables to consider, such as your established tax rate and the home’s assessed value. The Golden State has recently passed numerous laws that mandate property tax rules. The most recent was … Read more