Texas Audit, Tax and Consulting

Texas Insights

Texas issues revised franchise tax sourcing rules

The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.

Texas provides guidance for EFT payer franchise tax extensions

Taxpayers that properly secured a first extension may file a request for a second extension on or before Aug. 17, 2020.

Texas high court issues three franchise tax opinions on COGS Deduction

Three recent cost of goods sold cases represent the highly nuanced nature of the Texas franchise tax calculation.

Texas Comptroller adopts economic nexus for franchise tax

The Texas Comptroller adopted a $500,000 economic nexus threshold for the state's franchise tax effective in 2020.

Texas revises remote seller nexus rules post Wayfair

Texas amends nexus rules providing for a $500,000 sales threshold for remote sales tax collection, effective Oct., 2019.

State Bar of Texas highlights questions on the section 199A deduction

The Tax Section of the State Bar of Texas addresses fiduciary income tax concerns in a comment letter on the proposed 199A regulations.

Texas tax amnesty program begins on May 1, 2018

Tax amnesty to run through June 29, 2018, provide relief from interest and penalties for certain liabilities occurring before Jan. 1, 2018.

Hurricanes hit the construction industry

Recovery efforts have contractors and construction managers under pressure, as prices rise and qualified personnel are hard to find.

Hurricane and disaster relief tax information

If your club is in a disaster area, there are several benefits available to help your club and your club’s employees.

Hurricane damage: Accounting considerations

Learn what your club should consider after hurricane damage, from expenditures to insurance proceeds to assessments.