Did you know that utilities such as electricity and natural gas used by New York manufacturers during the production process are not subject to sales or use tax? A utility tax refund study could identify whether your manufacturing business has inadvertently paid tax on utilities used in the production process and could result in significant annual savings for manufacturers that could be reinvested in the business or used to add more workers or benefits. Our webinar, presented in April 2022 by our partner Andy Toth, CPA, Josh Capparella from Precise Engineering and Andrew Waters from Energy Mark, details how manufacturers can determine if a utility study is right for them. Listen to the webinar recording on our YouTube channel here, and view the webinar slides here while you listen.
To learn more about utility studies that could result in a sales/use tax refund for your business, contact Andy Toth at 716.633.1373 or by email at atoth@tsacpa.com.
