As a Veteran, you’ve already demonstrated courage, commitment, and resilience in your service to the nation. Now, imagine translating those qualities into entrepreneurial success by starting or expanding your own business by tapping into government contracting opportunities. The Small Business Administration (SBA) offers certification programs for Veteran-Owned Small Businesses (VOSB) and Service-Disabled Veteran-Owned Small Businesses (SDVOSB), providing a pathway to exclusive contracts and fostering economic growth.
You might ask, “why would I need a certification as a veteran owned business through the Small Business Administration?” Well, there are a few good reasons why this certification is a good idea for your business as a veteran. One, it allows you to compete for certain federal and/or state government contracts. It also will allow you to purchase government supply surplus items that can help you to continue to grow your business. And importantly, it underscores your brand as a veteran-owned or service-disabled veteran-owned business to your customers and your community.
In this guide, we’ll walk you through the step-by-step process to achieve VOSB or SDVOSB certification.
Step 1: Verify Your Eligibility
Before diving into the certification process, ensure you meet the eligibility criteria. For VOSB, veterans must own and control at least 51% of the business. For SDVOSB, service-disabled veterans must meet the same criteria. Confirm your eligibility and proceed with confidence.
Step 2: Gather Your Documents
Collect the necessary documentation, which typically includes:
DD Form 214, Certificate of Release or Discharge from Active Duty.
VA disability letter (for SDVOSB).
Corporate documents (articles of incorporation, operating agreements, etc.).
Business financial statements.
Business tax returns.
Ownership and control documentation.
Step 3: Create an SBA Account
Navigate to the Small Business Administration (SBA) website and create an account. This account will be your gateway to the online certification application. Ensure you provide accurate information during the account creation process.
Step 4: Complete the Online Application
Select the certification program (VOSB or SDVOSB) and complete the online application. Upload all required documents and double-check the accuracy of the information provided. This step is pivotal in moving forward with the certification process. You want to make sure there are no delays due to not providing all the required information.
Step 5: Obtain a D-U-N-S Number
If your business doesn’t have a Dun & Bradstreet (D&B) Data Universal Numbering System (D-U-N-S) number, obtain one. This unique identifier is essential for government contracts and will strengthen your application.
Step 6: Register on SAM.gov
Register your business on the System for Award Management (SAM) website. This no cost registration is a prerequisite for federal government contracting and complements your VOSB or SDVOSB certification. Importantly, this is a required registration to do business with the U.S. Government.
Step 7: Submit Your Application
Once your application is complete, submit it through the SBA’s online portal. This marks a crucial step toward unlocking exclusive contracting opportunities for your veteran-owned business.
Step 8: Await Verification and Approval
Patience is key as the SBA reviews your application. Be prepared for potential requests for additional information and respond promptly to expedite the certification process. So, please be sure to keep your eye on your emails from the SBA.
Step 9: Respond to Requests for Information
If the SBA requires additional information or clarification, respond promptly and efficiently. This responsiveness demonstrates your commitment to the certification process.
Step 10: Receive Your Certification
Upon approval, you’ll receive official certification as a VOSB or SDVOSB. This achievement opens doors to government contracts reserved only for veteran-owned businesses.
Step 11: Market Your Certification
Update your marketing materials, website, and government contracting databases to showcase your VOSB or SDVOSB status. This certification is a powerful tool in attracting both government and private-sector contracts.
For further support with this process, seek guidance from the SBA through your local Veterans Business Outreach Center (VBOC) Program here.
Conclusion
Becoming certified as a VOSB or SDVOSB is a strategic move that not only honors your military service but also positions your business for success in the competitive world of government contracting. Follow these steps diligently, stay informed, and embrace the opportunities that come with being a certified veteran-owned business. We here at EGBI wish you good luck on your journey to unlocking new horizons for your entrepreneurial venture!
Please do not hesitate to reach out to EGBI’s Business Coach and Veteran Services Coordinator Monica Perras at perras@egbi.org or call her directly 737-239-0221. A business coaching appointment is at no cost due to a contract with the City of Austin.
A Toastmasters club’s ability to function effectively depends on its members’ commitment to serving in various officer capacities. Officer roles are the club’s core and significantly contribute to its growth and success. Volunteers willing to take on these tasks are crucial to the club. Getting more involved by assuming an officer role within the club benefits the club and the individual taking on the role. It’s a rewarding experience that offers numerous opportunities for growth, development, and meaningful connections.
EGBI’s chapter of Toastmasters will have David Fuentes as the President, Monica Peña as the VP of Membership, and Wendy Murphy as the VP of Public Relations.
We seek the club’s VP of Education, Secretary, and Treasurer.
The Vice President of Education oversees scheduling and is the club’s expert on education awards, speech contests, and mentoring. They welcome and guide new members, assign mentors, emphasize the significance of quality evaluations and the Toastmasters Education Program, and promote participation in activities.
The Treasurer is the club’s primary accountant, writes authorized checks, deposits dues and earnings, and handles bank transactions. Their accurate and timely work dramatically impacts the club’s overall success. In addition, the Treasurer oversees tax filings, notifies members on due dates, and sends payments to World Headquarters. They manage the budget in coordination with the club’s leadership and actively participate in executive committee sessions.
The Secretary records minutes of meetings and keeps track of club records. They ensure the World Headquarters data are accurate by updating and distributing the member roster. In addition, they maintain club files, record executive committee meetings, and keep copies of the Club Constitution and Standard Bylaws.
Serving as an officer provides an invaluable opportunity to hone leadership skills in a supportive environment. We hope you consider taking on an officer role in addition to joining the Toastmasters.
In this episode we explore the groundbreaking work of financial health pathways and it’s transformative ISA Texas programs with Lourdes G Zuniga the organizations executive director discover how this community driven initiative is revolutionizing financial education and resources to uplift low income Texans from partnership opportunities for organizations to the streamline process for participant enrollment. Our conversation provides valuable insight into how ISA Texas is charting a course towards enhanced financial well-being for individuals and families across the state.
Lourdes G. Zuniga is a social impact leader a presidential leadership scholar and a founder member of the UNICEF USA Austin task force, a journalist from Peru and faculty for the Texas Justice Court Training Center, Lourdes drives innovative solutions to systematic issues and fights the criminalization of poverty and the justice system Lourdes supports philanthropy education in the Hispanic community and she was recognized by the Austin Business Journal as 2021 most influential women in Central Texas. ABJ 2022 best CEO finalist and several others, Lourdes has joined the inaugural bis Women Leadership Council and is a proud alumina from the LBJ Women campaign inaugural class. Her remarkable story as an immigrant who came to the United States with nothing, shapes her servant leadership and is the reason she has been recognized locally and nationally.
We share the conversation…
Christina- Can you provide an overview of Financial Health Pathways and the mission behind the “I Save Texas!” program?
Lourdes- Financial Health Pathways is an organization that is a little bit of a hybrid organization, we have two signature programs our “I Save Texas” and our “Financial Justice Program” that are designed to not just deliver education and content but help people practice and implement a lot of our teachings we realized after a few years with the organization that, you can deliver education to a lot of people but if the systems are not equipped to help people and allow people to develop their own path to success and to build their own wealth then we’re just basically conducting training so we decided to add an advocacy piece to that.
Christina-What inspired the creation of the “I Save Texas!” program, and how does it address the financial challenges faced by low-income families in Texas?
Lourdes- I wanted to be able to raise money to give it out to all the people that perhaps really want to build their wealth but they don’t know how and also because people think that you know saving money is difficult or painful and that’s why we ask $20 a month, it’s because I think that is pretty doable and most people think of money as “all or nothing” you kind of have to save and be miserable or you don’t save and you can enjoy life and spend money.
Christina- Who is eligible to participate in this program?
Lourdes- This program is basically for anyone over 18 years old, having a bank account and having a partnership with us. For us to enroll a participant we have to have a partnership agreement with their organization, so anyone that is an EGBI client will be able to enroll themselves in the program and answer the question of who referred you.
Christina-What steps are involved in completing the intake form and joining the program?
Lourdes- The intake form is really just a demographic, we don’t share this in a disaggregated way it’s just, we want to know who we’re serving. So it’s basically completing some assessment of demographics and also their financial health. There are eight questions that we ask, how confident do they feel about their insurance or how confident they feel that they make enough income to pay for their basic needs so they’re just very general questions.
Cleantech Open is the largest and oldest cleantech startup accelerator program in the United States, with the mission of finding, funding and nurturing entrepreneurs around the world with ideas to solve environmental and energy challenges. Through this annual program, new clean technology companies are connected with the people and resources that will accelerate their success. The startups selected in the different stages will be eligible for advice from specialized mentors in the sector, as well as prizes starting at $10,000 US dollars.
This call may result from the interest of emerging companies in the area of clean technologies, as well as research centers and academics. Interested parties may submit their applications until February 29 (with an application fee of $30 USD), or until April 14, 2024 (with an application fee of $75 USD).
I had no idea what it was. I had an invitation from a coworker, they had this idea for Toastmasters and so I started going over to Oak Hill chapter here in Austin to try and learn a little bit more about what it is and how these communication skills are developed. I went in not knowing anyone and not really knowing anything about Toastmasters. Then I slowly saw that each meeting runs very efficiently so you have an agenda and you have an hour to go through the whole meeting and part of the process is everyone having a role to play in the meeting, so we each hold each other accountable. Each Toastmaster meeting has a different role, so someone who counts who gives 10 minute speeches and initially I was very scared but then sometime in life you just have to raise your hand. That was my first moment where I got involved with Toastmasters. Ever since then I’ve been participating every Wednesday here at EGBI. I’m still learning more about what it is and how to form that community through Toastmasters.
Can you provide an overview of Toastmasters International and Its mission?
It’s an international nonprofit, focused on developing professional, personal skills, communication, and leadership. Toastmasters is creating a community and a safe space where you’re able to practice those skills. Some of us come from backgrounds where public speaking is something that can be very stressful. Getting into the meeting and learning the structures and roles. Toastmasters holds everyone accountable in different ways so they are learning pathways that you undergo depending on the skill that you want to develop whether it’s time management or organizing your speech. We offer Toastmasters in different languages. It’s for number 1: building community and creating a safe space. Then also having accountability and practicing speeches that are personal or professional. Toastmasters empowers entrepreneurs to refine their communication skills and excel in their business. It gives people an opportunity to practice their public speaking abilities and also their leadership abilities. Toastmasters really helps people be able to develop those fantastic skills.
How has being involved in Toastmasters impacted your personal and professional development?
I found myself in this professional and personal development purpose. It’s been very useful, I’ve never been very adept at public speaking. It’s always something that’s gotten me nervous, but once you practice something over and over again it becomes easier. Maybe that fear never goes away but it becomes easier and it becomes a routine. On top of that you learn to use your body language in order to communicate. It’s a big part of the way you try to engage with your audience. Another thing is being aware of your audience and conscious of who is listening to you. Whether it’s a bilingual audience or an audience of small business owners of community leaders. You have to adapt your speech to communicate your message. In my personal life whether we consider it public speaking or not we do this a lot in our family events. We want to be able to communicate quickly, efficiently, and be very vulnerable in our message but also have that organization so your message is clear.
What are the primary benefits for individuals who join?
The primary benefits that I’ve seen so far is whether you have to prepare for your speech for personal or professional life. It helps having an audience accounting for the factors you can’t control. Toastmasters is a place to prepare you for the unexpected.
How does Toastmasters specifically benefit small business owners, and what skills can they expect to develop?
The way you communicate in your marketing can really help differentiate yourself. Toastmaster is where you learn how to do that because you have two minutes to communicate a clear message, you have to explain what you do as a business owner. Usually it takes 3 minutes for someone to stop listening so it learns how to communicate efficiently. It’s a skill that we’ll use either in a small business or in life.
How does Toastmasters foster a supportive and constructive environment for improving communication skills?
A big part of Toastmasters is constructive feedback, so we each tell each other what we do well. We recommend each other to go with our strengths and minimize our weaknesses. I have certain tendencies in my public speaking that I wasn’t even aware of until someone from Toastmasters analyzed the way I speak. Telling me from a place of development positively telling me what I did very well and what I could improve on. At first everyone is nervous, no one knows what to expect after it becomes “How are you?”, “How are your kids?”. You start building that community and start being intimate with one another. You’re not scared of being scared in front of anyone. It’s a positive and safe space. It’s through meeting each other every day and holding each other accountable but making it a fun and safe space.
For entrepreneurs hesitant about joining Toastmasters, what would you say to encourage them to take a leap?
I think the best thing is to just show up. The goal of Toastmasters is to get everyone to speak publicly. We always try to get people to speak publicly but that can come in different forms: “Hi, welcome in, can you tell us your name, last name, and what you do?”. That’s enough, the first step is showing up even if you’re scared of speaking publicly. Everything is volunteer based, I really recommend it if you have a fear of public speaking, it’s just a thing where you just put yourself in the position. Once you start doing it you realize you might even enjoy it sometimes and even if you don’t it gives you a voice, it’s a place to practice and prepare. So I recommend you to come in and try it and if you don’t like it you can say that you’ve done it and you tried it.
Can you share a memorable moment you’ve experienced here in Toastmasters?
My favorite part of Toastmasters is the community that’s built. I’ve been getting to know a bit more of our members and what they do and even beyond that a little bit more about themselves. There was a new participant, this was their first meeting. We didn’t have any speakers in our agenda so I asked for some volunteers and she shot up her hand, never really having met anyone in the room yet, kinda visibly nervous but also excited. She gave an amazing impromptu speech about the importance of getting out of your zone and the importance of raising your hand. It was very inspiring because you hear about their story, they get very vulnerable, they’re honest with the way they are feeling, but they’re doing a good job at it too. After that we saw a bunch of people volunteering. I asked for another ten minute speaker and someone shot up their hand and someone shot up their hand and gave a ten minute speech with little preparation. Later sessions we had people who had not participated in the first meeting, they have finally found their voice, confidence, and were able to present. Sometimes you just have to volunteer yourself, raise your hand, and figure everything out afterwards you get out of your comfort zone.
How can we find more information about joining EGBI Toastmasters?
You can visit our website here at https://egbi.org/toastmasters-en/. Our office phone number is (512) 928-2594. You can also email at david@egbi.org and I’m happy to share more information.
To find out more information about what we do here at EGBI look at our website here.
One valuable resource that can significantly impact the trajectory of a small business are grants. They offer the financial support required to fuel the growth of your business. In this article, we delve into various grants and grant platforms that could suit your business and the application process.
Each year, this competition grants $30,000 to 10 deserving business owners, with an added $20,000 grant awarded to a veteran entrepreneur selected from the pool of grand prize winners. To qualify, your business must be for-profit, employ fewer than 99 individuals, and possess a valid FedEx business shipping account number. This application opens on March 1, 2024, at 12pm ET and closes on April 1, 2024, at 12pm ET. Grant recipients will be announced on May 16, 2024. This grant application requires a short company bio with high-quality images that best represent your business and a two-minute video pitch.
Through the NASE Growth Grants program, your small business could secure up to $4,000 in funding. Grant applications undergo quarterly review according to the schedule posted on the NASE website. To qualify, membership in NASE is required, and applicants are asked to submit a business plan. Evaluation criteria for grant allocation include an assessment of the identifiable business need, a detailed plan for the use of grant funds, the potential for the grant to address the identified need, and the expected impact of the grant on the business.
This database offers a broad spectrum of opportunities customized for small businesses and contains more than 1,000 federal grant programs. These grants are from a variety of government agencies and cater to a diverse range of entrepreneurial pursuits. With eligibility criteria and monetary value varying widely, these grants provide support across a broad spectrum of business endeavors.
This database is similar to the one listed above and is an expansive online platform dedicated to listing hundreds of small-business grants sourced from across the United States. However, compared to the one above this is not through a variety of government agencies.
Starting a new business comes with its challenges, but if you’re a veteran in the state of Texas, there’s a unique opportunity to ease the burden. The Texas Veterans Commission Veteran Entrepreneur Program offers a Veteran Verification Letter (VVL), a powerful tool that not only recognizes your service but also provides tangible benefits. In this blog, we’ll walk you through the step-by-step process of obtaining a VVL and unlocking significant cost-saving advantages.
Eligibility Check
Before diving into the application process, ensure you meet the eligibility criteria for the Veteran Verification Letter. To qualify, you must have: – An Honorable/General Under Honorable US Military Discharge – 100% Veteran-Owned (can be more than one veteran owner) – A new entity formation between January 1, 2022, and December 31, 2025
2. Click on the “Connect with a Business Consultant” button to initiate the process.
3. Complete the three-part questionnaire provided by the Texas Veterans Commission.
Step 2: Information Gathering
Prepare the following documents before initiating contact with a Business Consultant: – DD214 – Member 4 or Service Copy 2: Ensure it shows discharge status. – VA Letter of Service Disability: Must include branch of service, dates of service, and discharge status. – NGB22 (Texas National Guard Only): For Texas National Guard members. – Verification of any name changes: Include relevant documents like Marriage Certificates, Divorce Decrees, etc.
Step 3: Contact with a Business Consultant
After completing the questionnaire, a Business Consultant from the Texas Veterans Commission will contact you directly. Be ready to share the gathered information and discuss your business plans.
Benefits of the Veteran Verification Letter.
Upon successful verification, you’ll receive a Veteran Verification Letter. This document holds significant advantages for your new business: -Waived $300 Registration Fee: Say goodbye to the initial registration fee with the Secretary of State. -Five Years of State Franchise Tax Exemption: Enjoy the first five years of your business without the burden of state franchise tax.
Conclusion Obtaining a Veteran Verification Letter through the Texas Veterans Commission can be a game-changer for your new business. Not only does it recognize your military service, but it also provides substantial financial benefits. Follow the steps outlined in this guide, and you’ll be on your way to unlocking opportunities that will make a meaningful difference in the early years of your entrepreneurial journey. This is a great first step towards many more to come.
Thank you for your service, and best of luck with your new venture!
Please do not hesitate to reach out to EGBI’s Business Coach and Veteran Services Coordinator Monica Perras at perras@egbi.org or call her directly 737-239-0221. A business coaching appointment is at no cost due to a contract with the City of Austin.
From company-paid health care coverage to onsite child care, research shows that family-friendly policies lead to higher employee attraction, retention, satisfaction, and productivity.
Are you curious to learn how you can make your company more attractive to working parents and increase your revenue at the same time?
The newly launched Best Place for Working Parents® Greater Austin initiative from Early Matters Greater Austin (EMGA) offers a free and confidential survey that you can complete online in under 5 minutes.
After completing the assessment, you will gain a real-time snapshot of how your business fares in relation to other local companies. Businesses that qualify for the designation will have an immediate opportunity to promote themselves as a designated Best Place for Working Parents®.
We are honored to receive Platinum Seal of Transparency for 2024 by Candid. The Platinum Transparency Rating is the highest level a nonprofit can achieve, signifying an exceptional commitment to transparency in sharing, our goals, strategies, financial data, capabilities, achievements, and progress.
The Economic Growth Business Incubator (EGBI) provides training, coaching, and support to aspiring and existing business owners who face barriers to growing a successful business. Barriers include education, finance, and language. We believe that all businesses should be profitable, sustainable, and an asset to the community.
Notes from the nonprofit
Economic Growth Business Incubator (EGBI) is a non-profit organization which provides training, coaching, and support to aspiring and existing business owners who face barriers to growing a successful business. EGBI believes that all businesses should be profitable, sustainable and an asset to the community. To that end, we offer a comprehensive package of business coaching, group workshops, and support services for aspiring and existing businesses. We frequently work with micro and small business owners and a lot of the businesses that we work with are still in the design state and are not active yet; or they have been in business for less than five years. Some of the businesses who partner with E.G.B.I. could be considered informal businesses and the owners are ready to transition into a more structured business entity. Typical businesses that partner with E.G.B.I. are mom & pop businesses and lifestyle businesses.
Executive Director: Larissa Davila
Main address
1144 Airport Blvd Ste 260
Austin, TX 78702 USA
Programs and results
What we aim to solve
The Economic Growth Business Incubator aims to be a better organization and increase our impact in the community while moving towards a more self-sustainable model for funding because we want to… Read more
Our programs
SOURCE: Self-reported by organization
What are the organization’s current programs, how do they measure success, and who do the programs serve?
Training, Coaching and Support
EGBI is industry-agnostic, in that we work with aspiring and existing business owners who bring the expertise around their idea; and we bring business practices, strategic thinking, and other resources. Many of our clients come with years of industry experience; but lacking opportunities to advance in their place of employment, choose to start their own business. Their knowledge of the industry gives them the competitive advantage to be successful. However, they often lack the business acumen to manage a successful business. Through our training, coaching, and support services, we assist our clients to understand how to run and manage their business effectively and efficiently.
TRAINING EGBI’s signature program is a two-part, foundational workshop series: Build Your Business PLAN and MANAGE the ABCs of Business. These workshops are geared to help participants focus on their business idea, develop a useful plan, and learn the tools to manage their business.
COACHING EGBI offers private coaching sessions: one-on-one time for clients to explore deeply their business idea and strategy. Coaches help clients develop their business model, create financial projections using spreadsheets, identify specific strategies for marketing their business, and work through next-step action plans with an accountability partner in EGBI. Private coaching often uncovers life issues and barriers in the way of moving forward; and the opportunity to identify experts, resources, tools, and opportunities to resolve these issues.
SERVICES EGBI offers bookkeeping support, helping our clients set up manual systems for very young businesses, and moving to QuickBooks Online as soon as it makes sense. EGBI can offer an hour of questions and answers, set up services, support for payroll through an online partner, and monthly reconciliation services. As part of our monthly service, we review financial statements with our clients, practicing how to use these statements to manage and grow.
La Incubadora Podcast is part of the Economic Growth Business Incubator, a local non profit with the mission to provide training, coaching, and support to aspiring existing business owners who face barriers to growing a successful business. La Incubadora Podcast is born out of the need to put in video and audio a lot of the success stories that we see at the business incubator. We also want to frequently asked questions and connect small business owners with the resources to succeed in business on your own time and wherever you are while you have access to a mobile device. This episode is produced with the support of Raycast media, EGBI sends a big thank you to Raycast media for their partnership. Today we dive into the intricacies of Travis County taxes, assets, and inventory requirements for small business owners featuring insights from EXP experts at Travis county Appraisal District from understanding what constitutes personal property to navigating rendition forms and filing deadlines. We explore essential questions relevant to entrepreneurs, discover exemptions obligations regarding property value, discrepancies and implications of business changes.
The goal of this episode is to equip you with the valuable knowledge to effectively manage your tax responsibilities and asset inventory in Travis. Travis County Appraisal District business personal property department is responsible for maintaining all personal property accounts including reviewing renditions on personal accounts including renditions on personal property and removing accounts for entities that are no longer in business as of January 1st of each year. Our host will be Amy Cobb and we have two guests from TCAD, our first guest is Nancy Wiatrek, who serves as director of the Business and Public policy department and has more than 15 years of experience working on personal property issues with the district. We also have invited Samantha Leija, who currently serves as a senior personal property appraiser and has been with TCAD’s BPP department for more than two years.
What does Travis Central Appraisal District do and what do you all do?
Nancy says,
This mission of the Travis Central Appraisal District, given the coordinate of the Texas Constitution and the laws of the state is to provide accurate appraisal of all property in Travis County at 100% market value that is equally and that in a professional ethical and economical courteous manner. We work to ensure that each taxpayer only pays their fair share of the property tax burden. To keep our current data correct, business personal property appraisers will conduct an annual canvas for each personal property account in Travis County. Additionally visit each address to encourage compliance in reporting by taxpayers and to discover personal property. Typically if you own a business you are required to report personal property that is used in your business to the appraisal district. The appraisal district uses the information to estimate the market value of your business property for annual tax purposes. Texas requires businesses to pay property taxes to each taxing unit based on the market value of the inventory and assets it owns or uses in the production of income. This year we are estimating 35,000 renditions that will be mailed out to Travis Central business owners within the next week that is due April 15th. We have a lot of renditions that we are going to be provided back and all of our appraisers are going to process through
What counts as personal property, and why do I have to fill out a Rendition Form?
Samantha says,
What counts as a personal property is all assets are used in production of income, so that’s going to include your furniture, such as desks, chairs and tables. Machinery equipment such as restaurant equipment or like your heavier machinery like forklifts, Office machines like computer scanners and phones, we also have computers, vehicles, boats, aircraft, raw materials, finished goods. Businesses aren’t required to render intangible personal properties so you’re looking at your cash, accounts receivable, computer software such as your Microsoft Office. Rendition Forms have to be filled out annually by April 15th or by extension May 15th. That extension is automatically granted so long as it’s been requested before April 15. We have a form on our website that can be mailed in but we can also receive emails for those extensions as well.
The extension form at the bottom has an address to mail to as well as our email address is: bpp@tcadcentral.org
Travis County Appraisal District mailing address is: 850 East Anderson Lane Austin, Texas 78752
What happens if I don’t complete a rendition form, and what if I sold my business last year but still received a property tax bill?
Samantha says,
If you sold your business last year, we do need to be notified which can be done a couple different ways so you can do it by email bpp@tcadcentral.org and you could also mail in a not in business affidavit that can be requested directly from the cad. Email is always better because we can print that out directly and send it via email and it just needs to be returned once we do that, the account will be closed for the year.
Are there exemptions available that would exempt me from having to fill out a rendition or pay property tax?
Samantha says,
Yes we do have a couple different exemptions available that would exempt you from having to fill out a rendition or property tax. We have a religious or charitable exemption so those are going to be your nonprofits and of course your churches. If those are granted, property owners don’t have to fill out an annual addition. Once it’s granted then it keeps that exemption for the life of the property. We do have another exemption for a vehicle used both in the production of income and personal use, you’re looking at your realtors. That makes the vehicle exempt from taxes but all other assets are still required to be rendered and they are still subject to taxes. That exemption is per vehicle not per account, so if the vehicle is sold or replaced a new exemption needs to be applied for. All other exemptions we have such as Freeport Exemption and Biomedical Exemption, those are still subject to property taxes in some form. So an annual application and rendition are still required.
A non profit or church can’t just assume if they have their 501c3 through the state, they still have to file an exemption because it has to be at the county level as well.
My notice of Appraised Value was higher than the amount I rendered, why is that, and can TCAD help me complete my rendition form?
Samantha says,
A property owner is required to file a rendition per the Texas property tax code annually. However we at the district aren’t required to accept it typically because we’re seeing assets that are missing. For example, we’re looking at a rental car place and we want to see those cars along with the assets so we do have alternate methods of evaluation.
If you notice something is not right, there are instructions to file the protest on it and we don’t typically help complete rendition forms just because you’re the one who knows the most about your business so if we try to help you we may not have the most accurate information about what you’re reporting. Although we can answer general questions so what can go in what section or if you’re confused on some verbiage we can answer general questions about that rendition.
I disagree with my property value, can TCAD adjust my value without me having to protest?
Nancy says,
No, so once the market value has been set and a notice of appraise Value has been mailed, the only way TCAD can review accounts to make changes or potential changes is with an active protest on file for the year that the value is in question.
How can I find more information?
Nancy says,
The first thing you need to do is visit our website at www.traviscad.org there we have frequently asked questions you can speak to one of our customer service representatives by phone as well as through the agent and/or taxpayer portal. I do want to say that at the end of February 28th, the BPP department will be hosting an informational webinar at 12 pm to provide further detail in regard to business personal property. If you go to our website you may sign up on our web page. We look forward to seeing everyone at the next webinar and that is typically going to go over the rendition process. The webinar will be about an hour long.
Appreciation
Amy says,
It has been a pleasure chatting with Nancy and Samantha today and we hope you find this episode useful to you. If you know someone who could benefit from listening to this episode please share the link to this episode with them. Remember that La Incubadora Podcast is part of the Economic Growth Business Incubator, a business incubator in Central Texas that offers training, coaching, and support to small business owners with barriers to achieving success. If you would like to learn more about the Economic Growth Business Incubator services please visit egbi.org and see you soon!
