When considering whether or not you should hire a licensed consultant to carry out a predominant use study in Michigan, it is important that you have all of the necessary facts to allow you to make the most informed decision. There are three primary benefits to a predominant use study in Michigan for your business.
Energy Cost Management
The first major benefit of having a consultant conduct a predominant use study in Michigan is the savings that you will receive because of your sales tax exemption status. In many cases, you will be able to get a refund for the sales tax that was paid within the past four years.
The results of the predominant use study in Michigan will identify the areas where you are spending the most on energy costs. These results are achieved by quantifying the gas or electricity usage for all of your equipment and any other areas of major consumption. The predominant use study will provide you with a number of different strategic options that you can put into place for even more opportunities to save money.
Improved Energy Management
As the predominant use study in Michigan identifies the areas where you can save on costs, it will also highlight the areas where you can improve the processes for energy management.
Having a consultant conduct a predominant use study in Michigan will provide you with the proper documentation that you will need to receive exemptions or discounted costs on the utility sales tax for your business. In order to legally support your claim, you will need these documents.
If you are interested in learning more about a predominant use study in Michigan, we are here to assist at B. Riley Financial, Inc. For more details, visit us now.
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