Other Services
Hogan & Slovacek also offers the following services for its business clients:
Preparation of business plans
Assistance in analyzing the purchase and sale of businesses
Litigation support
Assistance in loan negotiations
Development of compensation programs
Ad Valorem Tax Consulting
The primary objective of an Ad Valorem tax control program is the reduction of a company’s tax burden to a fair and equitable level. The difficulty is determining the best approach and implementing a strategy to achieve this objective. A review of your company’s property tax liability by Hogan & Slovacek will ensure your property is valued accurately and equitably. Our approach allows us to quickly identify areas of over-assessment and achieve significant tax savings for our clients.
Expansions, asset disposals, legislation and possible exemptions can often provide opportunities for considerable tax savings. In addition, refunds are often possible based on the jurisdiction and cause of overpayment.
In addition to ensuring your company complies with the applicable laws of the assessing jurisdiction, Hogan & Slovacek will:
- Analyze your property reporting procedures by reviewing prior tax returns, fixed asset listings and supporting information.
- Tour your facilities and consult with staff, as appropriate.
- Analyze the valuation methodology utilized by the assessing authority.
- Classify fixed assets to minimize tax liability.
- Research eligibility for possible exemptions.
- Document any adjustments or exemption applications.
- Prepare personal property renditions and/or amended renditions.
- Evaluate the real property assessment in relation to the personal property assessment.
- Meet with assessing representatives as necessary.
- Prepare annual estimated tax reports.
By providing an objective and expert review, Hogan & Slovacek will enhance your company’s ability to manage property taxes, control potential exposure and maximize tax savings.
