admin FAQ

What about business personal property,inventory ?

Business personal property is tangible assets held or used for production of income.Examples of assets are furniture,fixture,machinery & equipment,computer and inventory.These assets must be reported yearly to appraisal district in the form of rendition by April 1 of every year. Siddiqi & Associates prepares and files rendition on a flat fee basis.Failing to file rendition in a timely manner results in 10% penalty.Allowing us to file timely rendition saves you money.