State and local governments continue to seek new revenues to offset federal government funding reductions, to balance budget shortfalls, and to expand local services. Increasingly, they view businesses as a prime source for new and increased tax revenue. Pitfalls for business regarding property taxation include:
· New valuation procedures
· Inclusion of intangible assets as assessable property
· Increased assessments due to transfer of ownership
Keeping up with the changes in taxation policies requires constant vigilance. Regular communication with the appropriate authorities also aids in solving assessment problems at an early stage. Many property tax controversies develop because the assessing official receives inadequate assistance from the taxpayer and bases assessments on inappropriate data. This is often a result of the taxpayer not being able to address assessment issues in a timely manner.
While business owners need to be vigilant in reviewing their tax assessments to determine if they are being treated fairly, keeping abreast of developments can be a time-consuming distraction from a company’s primary business mission.
How Silver Oak Advisors can help?
Silver Oak Advisors provides monitoring, compliance and control services to help clients manage property tax issues effectively.
Our Experience
Silver Oak Advisors has experience with handling property tax matters in more than 40 states. We have saved taxpayers millions of dollars over the years and have successfully supported our findings before local and state tax authorities and in court.
Fee Structure
Silver Oak Advisors fee structure is based on the complexity and risk taken with each engagement.
Our fee types are made up of the following:
· Contingency-this fee is deducted from tax savings. If no savings are provided, no fee is due.
· Time & Expense-this fee is based our standard hourly rates ($100-$250) plus reasonable and customary out-of-pocket expenses.
· Flat Fee-this fee is based on an all-inclusive on-time charge.
Please contact us with any questions.
Brian T. Scully
3840 W Cooper Lake Dr SE
Smyrna, Georgia 30082
Toll-Free (877) 352-8616 x701
Mobile (678) 848-2893
eFax (404) 506-9266
Email brian.scully@silveroakadvisors.com
Web Bio http://brianscully.businesscard2.com
Blog http://silveroakadvisors.wordpress.com