***Up to 30% of Fixed Assets are Maintained
on Books Unnecessarily***
CD of Teleconference with Q&A
Click here for program outline
Conducted on Tuesday, September 2, 2008
Now available on CD
Sponsored by State Income Tax Monitor,
Tax Incentives Alert and Sales & Use Tax Monitor
Tax Teleconference Advisory Board
In the hustle and bustle of everyday business, even sophisticated corporations leave gaps in their books and systems that can lead to consistent overpayment of property taxes. One advisory firm estimates that up to 30% of U.S. companies' fixed assets have been retired but are still being carried on the books.
Unrecorded retirements, mistaken capitalizations of costs, and erroneous classifications of property all are significant sources of costly mistakes from a tax standpoint for both major corporations and smaller companies.
Learning best practices from other companies' tax professionals and from experienced advisors can give property tax specialists a fresh perspective to identify internal problems with fixed-asset books, tax systems and record-keeping procedures — and to make the necessary changes to minimize taxes.
Listen as our panel of experienced advisors and corporate tax specialists shares their experiences in tackling and rectifying this ongoing source of property tax overpayment.
The panel included:
Mindy McLees, Vice President and National Sales Director, AccuVal Associates Inc., Sherman Oaks, Calif. She has more than 20 years of experience in real and personal property tax management. She previously worked for Joseph E. Seagram & Sons Inc./Universal Studios and for Coopers & Lybrand.
Thomas Brown, Senior Vice President of Practice Development, American Appraisal, Dallas. He currently oversees the firm's staff development and training, and previously was National Practice Leader for its Industrial Valuation Group. He supervised the firm's Fixed-Asset Accounting Group for 10 years.
Paul Chaben, Business Development Manager, Asset Management Resources, Southfield, Mich. He has been with the fixed asset management consulting firm since 1992 and a firm director since 2001. He has more than 19 years of experience in the accounting, property tax and asset management arenas.
The panel prepares you to do a more effective job of compliance in these and other areas:
- Unrecorded retirements: Creating a process to consistently identify retired assets and get them off the books.
- Mistakes in classifying expenses: Weeding out the mistakes in capitalizing asset-related costs that don't add value.
- Erroneous property classifications: Reevaluating categorizations to catch mismatches that increase your company's property tax bill.
TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $247 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
Self-study CPE is not offered on CD purchases.