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Visiting Clients in Tennessee

A partner and Vice President with PVS just arrived today in Tennessee to visit with many of our high-profile Healthcare clients.  Alongside them is our Director of SALT Solutions, who was requested by one of the many clients we have in Tennessee.

As many of you already know, we cut our teeth in Healthcare.  Two of our partners, a former Healthcare executive and a former Healthcare Property Tax Director, who worked for the largest for-profit Healthcare Company at the time, formed PVS to fill a niche that existed in Personal Property for Healthcare.  That niche has grown into providing Compliance, Assessment Reduction and Audit Property Tax services for Business Personal Property and Real Estate for over 700 clients nationwide.  Additionally, the same partners formed the company State and Local Tax Solutions, or SALT Solutions, to fill a need for Sales and Use Tax Consulting that is independent and non-biased.  With both PVS and SALT Solutions having niche expertise in Healthcare taxes we often work side-by-side in harmony for our clients.

PVS makes an attempt to see as many clients as possible every off-season.  We want to make certain that our clients have a voice regarding our services, providing insights on the services that are working and the ones that are needing tweaks.

Our business does not exist without the work of our highly skilled staff being held accountable by the needs of our clients.

Wish us all the best as we traverse the ever changing Healthcare market that is ever-expanding in Tennessee.  Happy Father’s Day to all!

A True Property Tax System Designed By Tax Professionals For Tax Professionals

Here at Property Valuation Services we use PVSpts, a proprietary tax consulting software developed to address our real and personal property tax needs. This system was developed by tax professionals, for tax professionals.  Through continuous development over the last 19 years it has been adapted to clients’ requests, to comply with evolving taxing rules, to improve efficiency, and to utilize technological improvements.  The software package allows us to track clients’ parcels, assets, and associated taxes to ensure proper compliance and valuation.

Many of our clients need assistance in the area of personal property tax compliance.  The proper tracking, reporting, assessing and taxation of tangible personal property assets is a challenging process without the proper tax compliance software.  Our PVSpts system allows for the detailed review of our clients books and records through our proprietary database to identify areas of potential tax savings.  Additionally, once these assets have been entered into our system, PVS ultimately maintains an additional set of property tax books reflecting our clients assets in detail.  This is extremely helpful to allow for the accurate reporting of these assets each year as these returns are typically required on a yearly basis.  This continual requirement poses a problem if these returns must be created from scratch each year.  In addition to this accuracy, this software also allows our firm the ability to compute, file and argue for the most aggressive final assessed values for our clients.

Property Tax is an extremely deadline driven arena.  As such, a software system is critical to remind of impending tasks.  These deadlines tend to be specific to each individual taxing jurisdiction.  This can ultimately result in a tremendous volume of time sensitive actionable deadlines for each client’s property.  Once each property is loaded into our software system, our consultants begin tracking each deadline and preparing appropriately.  Our database contains years of compiled information concerning these impending deadlines providing our consultants and clients the ability to navigate with ease.

Finally, through the PVSpts system, our compliance clients can access their data via the web.  Clients can access electronic copies of documents such as tax returns, assessment notices, and tax bills.  Additionally, customizable reports are available.

MAI Appraisers in Nashville

One of our Partners, along with our Technical Director for Real Estate, recently spent a week in Nashville at a continuing education class to maintain their MAI designation and appraisal licenses.  If unfamiliar, MAI is the highest designation for an appraiser established by the Appraisal Institute. To become an MAI an individual must have good moral character, be a Certified General Real Estate Appraiser, hold a bachelor’s degree, meet standards and ethics requirements, pass rigorous education requirements, pass a challenging final comprehensive examination, receive credit for over 9,000 hours of valuation experience, and receive credit for the demonstration of knowledge requirement. To maintain this designation and appraisal licenses, continuing education classes are required to build and maintain skills and depth of valuation methodologies. Continue reading “MAI Appraisers in Nashville”

Business Personal Property Tax – What Should You Be Paying?

Why are you paying excessive property taxes?

The world of Business Personal Property (BPP) Tax can be as simplistic or as complex as you want it to be. For most companies, this type of tax is not a priority. There are numerous other tax responsibilities weighing on a tax or accounting department that require a much larger time commitment. The fact that BPP is one of your company’s largest annual liabilities becomes outweighed by the lack of attention it really needs… so why waste the time? Continue reading “Business Personal Property Tax – What Should You Be Paying?”