The insurance experts at Prism Insurance Agency, Inc. in Moreno Valley, California, just launched a new range of solutions for auto dealership owners. The company works closely with clients to find tax reduction programs that they qualify for.
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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.
More information can be found at https://www.myprisminsurance.com/blog/automotive-dealer-tax-and-cost-reduction.aspx
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 clients from losing money on property taxes and more.
Prism Insurance Agency, Inc. explains that there are many reasons why auto dealers are overcharged. 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, one must hire an experienced engineer with a thorough understanding of construction finance.
The resulting cost allocation report will allow a taxpayer 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.
The insurance specialists at Prism Insurance Agency, Inc. can perform a complete cost analysis and inform clients about how much they are being overcharged. They will also notify clients about all the tax incentives available to them and their 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.”
Interested parties can find more by visiting the above-mentioned website.
Contact Info:
Name: Prab Randhawa
Email: Send Email
Organization: Prism Insurance Agency, Inc.
Address: 24905 Sunnymead Boulevard #c, Moreno Valley, California 92553, United States
Phone: +1-951-243-2800
Website: https://myprisminsurance.com
Source: PressCable
Release ID: 88951274
