Furniture, Fixtures, & Equipment (FF&E)
FF&E (Furniture, Fixtures, and Equipment) tax appraisal and negotiation is a specialized service provided by Duggan to ensure businesses pay fair taxes on their tangible assets. These assets are subject to varying tax assessments, and our team uses its expertise to accurately appraise their value. This thorough assessment helps clients avoid inflated valuations that could result in higher tax liabilities.
The appraisal process involves detailed analysis of the condition, usage, and market value of each piece of equipment or fixture. We not only ensure that the appraisals are precise but we also stay up to date on changes in tax regulations to apply the most beneficial strategies for clients. Our job is to help businesses navigate the complexities of tax laws surrounding FF&E, ensuring compliance while uncovering opportunities for tax savings.
In the negotiation phase, Duggan actively represents clients in discussions to challenge overvaluations. Using our in-depth experience on both local and federal local tax codes, our team works to reduce excessive assessments and secure favorable outcomes.
What is FF&E?
Furniture, Fixtures, and Equipment (FF&E) tax is a subset of personal property tax specifically targeting business assets used for operations. FF&E are considered tangible assets within a commercial property that are not permanently attached to the building’s structure. These assets are movable and depreciable, and they can be depreciated over time providing tax benefits by reducing taxable income.
