4 Tax Savings Accurate Data Can Provide for Inside Plant Asset Owners
Having up-to-date asset inventory data is important for many reasons. Current, accurate data can be used to document ownership, verify your inventory is in working order, and ensure the reliability of your service. Having current inventory data readily available also aids in your business not paying more than your fair share of taxes.
While it differs area to area, telecommunications assets are generally considered to be taxable real estate, and telecoms are thus required to pay certain taxes for each of their plug-in assets – such as an ad valorem taxes. The following points outline how asset owners may be able to save some money when it comes to taxes by maintaining an accurate inventory.