Looking for the best tax reduction programs for auto dealers? Visit Prism Insurance Agency, Inc. today for the dedicated team that will help you reduce your costs and taxes as soon as possible!
If you're looking for the best way to reduce your taxes and costs for your auto dealership, then you should know that Prism Insurance Agency, Inc., an insurance agency in Moreno Valley, California, announced the launch of a new range of services for clients who own an auto dealership. The company helps clients reduce costs and taxes and improve their profits.
According to a recent study conducted by Prism Insurance Agency, Inc., the average auto dealer in the United States is being overcharged by 20% on their property taxes. That is why the dedicated insurance experts launched a new range of solutions that will stop you from losing money on property taxes and more.
Prism Insurance Agency, Inc. explains that there are many reasons why you are being overcharged as an auto dealer. Most of the time, this is the result of improper assessments by the municipality.
However, auto dealers have two major tax incentives available to them. The main programs in this industry are engineering-based property cost allocation and property tax reduction.
Engineering-based cost allocation identifies opportunities for federal, and in some cases, state tax advantages to owners of commercial industrial real estate by accelerating the depreciation on their property. For this, you must hire an experienced engineer with a thorough understanding of construction finance.
The resulting cost allocation report will allow you to adjust the timing of deductions thus maximizing tax savings, create a complete audit trail to resolve any IRS inquiries, capture immediate retroactive savings on qualifying properties, and reduce real estate tax liabilities significantly.
Prism Insurance Agency, Inc.recommends that auto dealership owners who are paying property taxes over $50,000 per year have their review completed on their facility.
More information can be found at https://www.myprisminsurance.com/blog/automotive-dealer-tax-and-cost-reduction.aspx
The insurance specialists at Prism Insurance Agency, Inc. can perform a complete cost analysis and inform you about how much you are being overcharged. They will also notify you about all the tax incentives available to you and your business.
A satisfied client said: "If you want an insurance company that watches out for you and your family, this is the company you want to contact. They will search high and low to make sure they get the correct price and policy for you. I greatly appreciate doing business with them."
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