What is a PPR?
PPR stands for Personal Property Return. If you are a licensed business in Oregon you are required to file a PPR with the county every year.
The term 'personal' has many business owners confused, but this is a business return filed with the county for all business assets & items that you use to run your business.
This includes everything from major items such as vehicles and machinery to computers, including office supplies.
Why do you need a PPR walk-through?
PPR can be inherently complicated to complete correctly because every county has different requirements as far as how the forms are completed and filed.
Additionally, the wide range of items that the county wants on the PPR form may not make sense to a layman. Therefore, it is easy to leave out items to miss value items or to fill out the form incorrectly.
If the county decides to audit your return due to inaccurate reporting, they will send out an auditor to your physical business location. The county assessors will then create their own list and return, where they will assess penalties and fees of up to 50% more than your original fees would have been should the original return be filed correctly.
Let GA help YOUR BUSINESS avoid costly penalties & fees by filing your PPR return correctly the first time!
What's included in a PPR walk-through?
We will send out two of our county-trusted & trained staff to walk through your business facility with you.
Our goal is to help business owners understand what, when and why of filing of the PPR. This way, the years going forward after an initial walk-through is completed, asset list on these returns only require update without the requirements of another walk-through.
When is the PPR due and when would I need to schedule a walk-through?
The PPR is due March 15th every year (April 2nd for CA; other states may differ), and should include all assets at the business location as of Jan 1st.
We schedule PPR walk-throughs throughout the year, but for us to ensure your PPR is files ON TIME, we require a walk-through to be completed no later than December 1st of each year.
How Much Does a PPR walk-through cost?
We charge a flat $550 rate for all first time PPR walk-through and PPR filings.
This fee includes a 1 hour onsite PPR walk-through
1.5 hrs of travel time (additional time billed at $75/ exceeding hour )
PPR Asset List Preparation
Completing and filing of the PPR form