Are you one of the myriad of businesses paying personal property taxes on items you no longer possess?  I recently visited with a company and they had a substantial amount of obsolete items on their balance sheet which they had disposed of several years before. 

Fixed asset inventory reconciliations can translate into huge savings for your business.  Most taxing jurisdictions make assessments based on what is on your balance sheet.  What happens with many businesses, especially if they have been acquired is that no one ever confirms the assets and thus many companies are paying a tremendous amount of personal property taxes on items that may be in the landfill.

Depending on your location of business, you may also be able to file an amended property tax return to correct for items you longer own.