For companies that pay the utility tax in Indiana, they may be eligible for an exemption. For those that are eligible for the exemption they need to complete the application process. When filling out the application, it's beneficial to hire professionals who have experience helping other companies complete the process. Here are some of the reasons that companies should hire a professional to help them with their application.
Decrease Chances of Denial
If the company is eligible for the exemption, they deserve to receive it. However, issues with the application can hinder their chances of receiving it. When completing the application, companies need to include accurate documentation and have it filed correctly. For people completing the application for the first time, it can be difficult to know what to include and how to go about obtaining the needing information. Using professionals ensures that everything is done correctly, so there is less chances that there will be reasons to deny the application.
Companies pay their utility bills every month, so they want to claim the exemption as soon as possible. With everything filed correctly the first time around, companies can have the application completed as soon as possible. Then, they can receive notice of approval quicker, too. Of course, it's possible to get a refund for utility taxes paid for several years. Professionals can also help companies receive the refund for past years by completing the necessary paperwork for it, too.
The application process requires the completion of an engineering study to determine the amount of utilities that are used for eligible activities. It also requires knowing how to properly classify certain kinds of equipment. If the company doesn't have employees on hand who know how to complete these things and how to obtain the other information needed, then it's important to hire someone who does.
Instead of having an employee spend their time trying to learn everything to complete the application, a professional can handle everything instead. Then, employees can make better use of their time to assist with the day-to-day activities of the company and help the company grow the business.
Get Help Answering Questions
Throughout the application process, the company may have various questions that they need answered in order to complete the process or know what to expect after receiving the exemption. Having professionals on hand to answer these questions would be helpful. They can also help the company answer questions posed to them by the Department of Revenue or the utility company. It's important to know how to answer their questions, or it could end up hurting a company's application. After hiring professionals to help with the application process, companies can direct any inquiries to the professional who can answer them on their behalf.
When it comes to the utility tax in Indiana, companies that qualify should hire a professional to help them complete the application for an exemption. The exemption covers gas, electricity, and other utility bills for future bills, as well as, a refund for past bills. The first step to getting the exemption is to determine whether or not the company qualifies for it. There are a number of industries and types of companies that are included. If companies are questioning whether or not they're eligible for the exemption, they can talk to a professional. After examining the business and the type of work that they do, professionals can determine if they qualify. If they do, then the professionals can work with the company to complete the application process and help them start taking advantage of the tax exemption as soon as possible.
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