The latest property tax bills are giving property owners a severe case of sticker shock—especially if they are still in the process of getting a new income-producing property to actually produce income! If you own a commercial property, you may find yourself hustling to cover the cost of your recent tax bill. Before the next […] The post Commercial Property Tax Savings: Know the Methods for Property Valuation appeared first on Certified Tax Coach ..read more

As property tax bills continue to rise, property owners are turning to us as tax professionals asking what they can possibly do to lower these costs. If someone owns an income-producing property, they may be especially dismayed to find that taxes are taking up a significant portion of that income—or they may have a newly-purchased […] The post The Road to Commercial Property Tax Savings: Understanding the Methods for Property Valuation appeared first on Certified Tax Coach ..read more

Want information on residential property assessment appeals instead? Read here. Working with property owners can be a lucrative investment—both for your client and for you as a tax professional. To ensure that their income-producing property isn’t losing a huge chunk of its income to taxes, property owners need the support of someone who knows where […] The post The Road to Commercial Property Tax Savings: Preparing to Appeal an Assessment appeared first on Certified Tax Coach ..read more

Want information on residential property assessment appeals instead? Read here. Purchasing an income-producing property may seem like a great financial investment—until you get your property tax bill. How can you offset a substantial tax bill as you simultaneously work to make your property as lucrative as possible? One way is to simply appeal your property tax […] The post How to Combat High Commercial Property Taxes: Appeal Your Assessment appeared first on Certified Tax Coach ..read more

Client Advisory Services (CAS) have emerged as a crucial offering for accounting firms, evolving the traditional client-accountant relationship into a more strategic partnership. Defined by the AICPA as services where practitioners provide findings, conclusions, and recommendations to aid in client decision-making, CAS encompasses far more than mere compliance. It offers a new, broader approach to […] The post Tax Planning as a Client Advisory Service appeared first on Certified Tax Coach ..read more

As property tax rates spike to the highest numbers we’ve seen in five years, homeowners are scrambling to figure out how to offset the costs. Pull money out of savings or investments? Get a side hustle? Move to a lower-tax state? One tactic that many homeowners may not realize is available is to appeal their […] The post So Your Property Tax Bill is Astronomical? Consider Appealing Your Assessment appeared first on Certified Tax Coach ..read more

This tax season marks the highest property tax rates the nation has seen in five years. Homeowners are looking for every possible way to offset the costs, but they may not realize that one option is to appeal their property tax assessment. Residential property taxes are based on the assessed value of a property, which […] The post Helping Homeowners Lower Their Property Tax Bills: How to Appeal an Assessment appeared first on Certified Tax Coach ..read more

Getting hit with the highest property tax bills you’ve seen in years? You’re not alone. Homeowners across the country have been experiencing similar pains. In 2023, property tax rates rose by 6.9%, twice as much as the previous year, amounting to an average tax bill of $4,062. Homeowners may not feel like they have any […] The post So Your Property Tax Bill is Astronomical? Could Your Home Be Over-Assessed? appeared first on Certified Tax Coach ..read more

News headlines are making it clear that homeowners across the country are experiencing similar pains—a dramatic rise in their latest property tax bills. The average property tax bill in 2023 was $4,061, which amounts to a property tax rate increase of 6.9%, twice as much as the previous year. When clients come to you asking […] The post Helping Homeowners Lower Their Property Tax Bills: Look for Signs of an Over-Assessment appeared first on Certified Tax Coach ..read more

As tax planner, you have frequent conversations with clients about possible tax strategies and strive to provide reliable advice in response to their questions. At what point do you begin to document that advice in writing? If the answer is “never,” we have trouble brewing. If the answer is more like “as soon as I get to it,” you may still be opening yourself up to more risk than you realize.  Having a system in place for promptly and clearly documenting your advice and the details of your tax plans is essential for a number of reasons: Managing Risk and Liabilities. Even tax planners may ..read more