Business Personal Property

BUSINESS PERSONAL PROPERTY

Business Personal Property is property used to produce income. At Novotny & Company, we’ll file your rendition, your protest and attend your hearing for you. In order for us to better serve you; we need you to provide some information to us.

It is state law that businesses file renditions annually for their personal property by April 15th. We’re happy to provide this serve to many of our commercial customers. To make this process as smooth as possible, please provide:

• An Asset List: This is also known as an Asset Detail List or Depreciation Schedule. An asset list must include item descriptions as well as the year acquired and original cost for each item.
• Form 1120S or Schedule C from your tax return showing inventory, supply, raw material, and work in progress as of January 1st of the current year or December 31st of the previous year.
• Company Balance Sheet

If you don’t have this information on hand, often times your CPA can provide this for you. If you have already filed your rendition before you signed up with us, please provide a copy of the rendition provided to your county.