As a business owner you're required to file Personal Property Taxes (PPT) on an annual basis. PPT's are based on the property you own and use for business purposes in a certain state. Each state handles this a bit differently in Maryland the requirement is a state form, but in Virginia the form and filing is handled by the county or town you do business in. Another challenge is keeping track of the dates when you are required to file the PPT which also vary per state. If needed Huey & Associates can help you get an extension for your PPT.