Personal Property Returns

Personal Property Tax Services

The Wisconsin Statutes impose taxes on all tangible personal property, which is used in conjunction with a business based on its location. The submission of these required filings is due on March 1st of each year and based on the business’s assets in use as of January 1st. Record keeping of the data needed for these filings can sometimes be tricky in conjunction with many different books of records; tax books (which may expense many items), accounting books (which may capitalize certain non-taxable items), and the personal property tax records. For manufacturing businesses, you also don’t want to miss out on the tax breaks that are available by properly classifying assets.

The RPB Difference

Registering for the manufacturing exemptions as well as correctly completing the annual MP and MR forms (for tangible personal and real property; respectively) can be a daunting task, but it’s one of our specialties. Many businesses may qualify for the manufacturing exemption, and registering for this status may actually open up other income tax savings opportunities. From form preparation to asset management, and even assessor representation, we can tailor our services to meet your business needs.