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Professional Services Division
What's Happening
FOR
IMMEDIATE RELEASE
All businesses
owning Personal Property in Connecticut are required to declare their property
in each municipality no later than November 1st.
Free E-File
and Filing Software available to all businesses.
Monroe, Connecticut – October 1, 2006 – Every year at this time, all businesses
must report their personal property, owned or leased, to the local assessor no
later than November 1st. Typically, blank forms are mailed to known
owners to fill out by hand. If a business has property in several
municipalities, they must file separately in each municipality. One can just
imagine what an out-of-state leasing company with property in 169 Connecticut
municipalities faces every year to comply, especially when many towns use
modified versions of the standard form. Because of the decentralized tax
system, no town considered it cost effective to provide electronic filing.
CTTFB, Inc, a privately owned Company, took the initiative to provide the
solution. CTTFB designed and developed an electronic filing program, E-File,
for the filing of annual personal property declarations, which they offer
Free of Charge to all Connecticut Municipalities as well as the business
owners that file. Harry Mottram, the corporation’s president, said that
“this was a natural transition from our ‘Tax Compliance’ services since we had
already built the patent pending system software tools for the ‘Compliance’
program.” Mottram, a retired State Trooper, founded a successful company
addressing vehicle registration tax fraud before starting this company in 2002.
“Historically, Personal Property has been grossly
underreported in many municipalities. ‘Ease’ of compliance is a critical factor
in addressing overall compliance. One Texas company that leases property in
over 100 Connecticut Municipalities told me last year that they don’t file
because they never receive the forms from the municipality. They said that they
would take their chances and play the ‘audit lottery’ game, which they are
winning because they never have been audited! For cash poor municipalities,
this is a ‘win-win’ situation since it doesn’t cost them a dime!”
Even if E-File is not set up for a given town, the software is free to
use by the filing business. They just have to print the declaration and mail it
in. The municipality still benefits since they receive a neat printed return in
lieu of a hand-scribbled one. It’s a big time-saver for sure!”
For more information, see CTTFB’s web site at
www.CTpersonalpropertytax.com or call 203-268-6669 or 866-550-6669,
toll free.
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CTTFB,
Inc
600 Main Street
Monroe, CT 06468
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