An Innovation Product Built by Reason Consulting Corporation
Businesses are required to file a Business Personal Property Tax Statement in most states. Businesses pay taxes to the jurisdiction where they are located based on the value of the assets declared in this statement. Unfortunately, not all businesses file a BPP form. In reality, as many as 40% may fail to file annually. Local tax administrators are then required to assign a fair and equitable value to the businesses which have failed to file. This can be time consuming and inefficient to do manually, with tax administrators having to research the business type and assign a reasonable value.
Our solution to this challenge is the Cost Analysis Valuation System, or CAVS. CAVS is the best way to estimate the value of personal property owned by a business. Our models are based on extensive research, and values derived from current pricing sources. Our algorithm adjusts quantities based on employee concentration, and we give the user the ability to custom tailor these estimates to their personal knowledge.
CAVS has over 400 of our prepopulated templates that include assets and their value for each business type, organized alphabetically or found in the universal search bar. Users customize the templates by scaling the number of employees, add or delete assets, and adjust asset values directly. Cost data is automatically updated online, keeping estimate templates as accurate as possible. CAVS stores previous estimates in the Archived Estimates tab, for easy reference.
The result is a streamlined assessment estimation process for employees and increased quality of correspondence with taxpayers. Because CAVS is a software as a service (SaaS) product, there is no need for users to update the software. Users can access CAVS from anywhere they work, with only an internet connection and Chromium browser required.
- Efficiency: Fast and easy to create a new estimate. Save old estimates for reference.
- Accuracy: CAVS is backed with cost data from hundreds of business types.
- Convenience: CAVS can be accessed from anywhere, at any time.
- Affordability: CAVS allows you to create unlimited estimates, and is priced per user.
- Peace of mind: CAVS creates defensible estimates with up to date values.
CAVS is built on Google Cloud, making the most of contemporary software as a service development. Best of all, CAVS takes advantage of the redundancy and resilience native to Google Cloud as well as the data security provided by robust encryption at rest and in transit.
Some of our favorite tools in Google Cloud used by CAVS:
- Firebase Authentication
- Cloud Functions
- Kubernetes Engine (GKE)
- Cloud Load Balancing
- Cloud Storage
- Cloud DNS
- Cloud Build
Reason Consulting Corporation (“Reason Consulting”, https://reason.consulting) is a technology innovation implementation company. We create software and analytics products; design, build and maintain custom software for clients; and, we provide technology enabled audit services. Our approach is to create value for our clients by increasing their accuracy and capacity.