Why You Need a Utility Tax Service

by | May 20, 2022 | Financial Services

Are you looking for new ways to save money on your business’s operating costs? Many companies don’t realize they can qualify for a tax exemption on their utility taxes in certain situations. To find out if you qualify, you need to request a predominant use study from a utility tax service. When you choose the right company, you can save your business money every month.

Accurate Energy Measurements

To qualify for a state tax exemption on your utility bills, you need to get a certified study done to ensure you qualify. When you work with an experienced utility tax service, you can rest assured that they have the necessary training and state-of-the-art equipment to measure your energy use with a high level of accuracy. Professional engineers can calculate your energy usage to within half a percent.

Get the Required Documentation

When you apply for a tax exemption from your utility company, you are required to submit specific documentation to prove you qualify under your state’s laws. Completing a predominant use study with a qualified utility tax service ensures you have the appropriate documentation. They will also advise you on when you should get a new study done based on your unique situation.

No Fees Unless You Qualify

One critical factor you should consider when choosing a utility tax service to complete your predominant use study is how they charge their clients. The best companies work on a contingency basis, which means you won’t pay any fees until you establish savings on your utility bills.

If you’re looking for a qualified utility tax service to help you save money, visit the B. Riley Financial website to schedule a consultation.

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