(Newswire.net — July 4, 2020) — Moreno Valley, CA — Moreno Valley, California based Prism Insurance Agency recently updated its range of professional consultancy solutions for auto dealers looking to take advantage of the engineering-based property cost allocation and property tax reduction programs.
Prism Insurance Agency, Inc, an insurance agency in Moreno Valley, California, announced the launch of an updated range of solutions for auto dealers looking to improve their profits. The experienced insurance agents can help clients take advantage of the engineering-based property cost allocation and property tax reduction programs.
More information can be found at https://www.myprisminsurance.com/blog/automotive-dealer-tax-and-cost-reduction.aspx
For auto dealerships, reducing costs and taxes is the most convenient way to improve their profits. The newly launched consultancy solutions at Prism Insurance Agency, Inc aim to help auto dealers reduce their costs and become more successful.
In the case of engineering-based cost allocation, most taxpayers are typically correct in depreciating personal property, such as equipment and furniture over five or seven years. However, they often neglect available federal and state tax benefits by erroneously depreciating their entire investment in constructing or acquiring a building over 39 years.
The team at Prism Insurance Agency, Inc will perform a complete cost analysis and let clients know how much they are being overcharged. They will also educate auto dealers about all the tax incentives available that they could qualify for.
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 is located in Moreno Valley, California. However, they help auto dealers throughout the entire United States, not just the Inland Empire, Riverside County etc. Working digitally allows them to help dealerships throughout the state of California and the rest of the US without any problems.
In addition, the experienced insurance agents will help auto dealers discover if they are overcharged on their property tax bill. Usually, auto dealers are overcharged by 20% on their property taxes because of improper assessments by the municipality.
A satisfied client said: “Prism insurance is such a great insurance agency. Very professional and helpful. Always available to answer my questions and help me with adding and or changing my coverage quickly and easily. They do everything for me. I just call and it’s done. Highly recommend them to all my friends and family.”
Interested parties can find more by visiting the above-mentioned website.