Doublecheck Your Company's Records For Tax Savings Are you paying taxes on property you no longer own?
It's important to make sure the personal property you listand report to your local government each year is actually somethingyour company owns and uses. If you've sold or donated anypieces of equipment, be sure to remove these items from yourpersonal property total. This way you won't end up payingpersonal-property tax on things you no longer own. (For moredetails on strategies for reducing your personal-property tax, seeNo Trespassing.)