BUSINESS PERSONAL PROPERTY
ITC uses all data to ensure that your Business Personal Property, also called, BPP, is properly reported and accounted for. Furthermore, we ensure that underutilized property is recognized, and that disposed of property is excluded.
BPP is defined as, "items that can be owned but are not attached to the land"; property that is used to produce income. Business Personal Property is any property you own that is used for business purposes.
In many cases, the standard depreciation schedules for machinery and equipment do not account for heavy use in the field, for example, or for extended use over multiple plant shifts.
ITC will fight to be sure that your BPP values properly account for all applicable types of obsolescence.
BUSINESS PERSONAL PROPERTY (BPP) TAX SERVICES: