Texas Audit, Tax and Consulting

Texas Insights

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.

Refund opportunity may exist for those affected by Harvey, Irma

Taxpayers that suffered losses as a result of Hurricanes Harvey or Irma can elect to claim the loss on their 2016 tax returns

How employers can assist employees impacted by major disasters

Employers have several tax-advantaged methods for providing financial support to employees impacted by hurricanes or other major disasters.

IRS updates the list of counties eligible for relief in Texas

IRS extends relief to additional taxpayers affected by Hurricane Harvey by adding to the list of eligible Texas counties.

IRS adds leave-based donation to list of Harvey relief

The amount of vacation, sick or personal leave that employees forgo for their employers to make a charitable contribution is not taxable.

Additional Harvey relief comes for retirement plans

The IRS, Department of Labor and PBGC combine to offer regulatory relief for employee plans affected by Hurricane Harvey.

IRS provides relief for victims of Hurricane Harvey

Taxpayers in designated Texas counties have until Jan. 31, 2018 to file certain tax returns and make certain tax payments.

Texas Comptroller offers Hurricane Harvey relief for state taxes

Taxpayers in declared disaster areas are eligible for postponement of state tax payments under certain conditions.

For retirement-minded contractors, ESOPs are worth considering

Although not appropriate for every construction company, an ESOP carries several inherent advantages and is growing in popularity.

Texas issues new policy on the credit for business loss carryforwards

Comptroller policy letter ruling addresses credit loss under late-filed reports and claiming a credit when a member leaves a combined group.

New immigration enforcement strategy is here

Employers are in a tough position, yet a long-term view of compliance with immigration policies should outweigh any short-term solutions.

Exiting a business requires advanced planning by owners

With a strong economy at their disposal, baby boomers who own construction companies are increasingly looking for ways to either sell their

Trump administration releases tax reform proposal

Newly announced proposal draws heavily on President Trump’s campaign proposals; many critical details are not addressed.

Proposed tax reform would have profound effect on oil and gas industry

Proposed tax reform would offer significant benefits for the oil and gas industry, though there are also some potential concerns.

Consumer prices: Down the slippery slope

How are retailers reacting to the pricing demands of cost-conscious consumers? Our industry insider shares his insights.

Strong internal controls can help minimize losses

There are a number of steps construction companies can take to help avoid unintended losses resulting from error or outright fraud.

Texas comptroller proposes retailer/wholesaler rule amendments

Texas comptroller proposes retroactive rule amendments to narrow the application of the reduced retailer/wholesaler franchise tax rate.

Texas Comptroller issues cloud services ruling

Texas Comptroller rules that cloud-based transaction facilitation services are not sourced to the state for franchise tax purposes.