tax reduction slideshow
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Please call me for more information. This program pays huge commisions.TRANSCRIPT
Presented by: Axis Business Consulting, LLC.
Personal property tax is:◦ A large fixed expense
applied to non-real estate assets
◦ Levied regardless of your company’s profitability
ALL states levy property taxes either at the state or local assessing level on utility assets
PROMPT CASH SAVINGS!
On average, taxes can be reduced by 1/3 in the first year of engagement.
We test a client’s major asset categories against 35 variables in each locale.
Only 1 out of 5 companies has used any of these tax saving strategies.
Annual tax reporting system
Tax assessment process
“Trickle down” of tax saving strategies
Local exceptions and exemptions
Local expertise
We have developed a unique practice for the property tax industry.◦ We prepare a
customized matrix of saving strategies for each location.
Our methods have been accepted without challenge in 98% of our clients’ tax filings.
We work with client teams at 3 key annual property tax junctures.
These steps are focused on augmenting clients’ existing practices.
Client Contact & Manpower◦ Antreas Ghazarossian leads
the engagement team.◦ Many of the team members
are retired assessors.
State & Local Expertise◦ Preeminent local experts in
virtually all significant tax districts
Medium to large companies in a range of industries
Significant private equity firms
Major U.S. corporations
Minimum size requirement is $100 million in personal property and equipment
Achieved personal property tax reductions of $52.0 million for a $3.5 billion NYSE company
Saved a large western electric company $8 million.
Effected a permanent reduction from $2.9 million to $0.7 million per annum for a wireless communications company.
We work on contingency basis, which is 1/3 of the savings it generates during its engagement.
As our work is cumulative, it normally takes three years to reach “steady state”.
What is the magnitude of overpayment in personal property taxes?◦ Our average in 2007 was 40% reduction for Year
1 clients. These are immediate savings that fall to the bottom line.
Why are assessors under-informed?◦ Previous assessors who are members of our team
inform us that on the average they only had 15 minutes to study a taxpayer’s requests.
Is there any relationship to federal taxes or SEC reporting?◦ None
When your engagement is over in three years, what is your plan to “up train” client personnel?◦ We ensure that the progress that was made
during our engagement continues.
Why aren’t companies doing this now?◦ Usually there is not enough manpower, time, or
expertise to evaluate each location.
On average, the CCA program can save a company 30% of its personal property and equipment. With as little as last years tax return, we can determine if there is an opportunity at little to no cost.
It is important to start this opportunity with the C.F.O.
For 10 years this program has been the only one of its kind. With no risks, every employer should know about this program.
