An internal audit led to significantly reduced tax declarations, savings the owner could pass on to tenants.
|Property Name:||Empark Business Park|
|Service Type:||Property Management|
|Quote:||“By applying our knowledge of tax laws, we helped the owner and tenants save money.”|
Shortly after taking over the property management for this project, we conducted an internal audit of the recent tax declarations. We quickly noted that the property taxes were quite high in comparison with other Warsaw office buildings of a comparable size and age.
Using our knowledge of certain construction laws and accounting procedures, which are often overlooked, we determined that the taxes could be decreased if the owner made some adjustments and filed revised tax declarations.
After properly filing new tax declarations, we achieved for the owner a formal decision which legally reduced the tax obligations by €150,000 annually.