When Was the Last Time You Reviewed Your Indirect Tax System?

How long has it been since you implemented your current indirect tax system? A year, two years, five years (or more)?  When was the last time you did any real analysis to determine if everything is still working as designed?  Have you gone blind to issues right under your nose with the assumption that your tax system will handle everything correctly? As the ever-changing tax landscape continues to shift shape, it is crucial that you plan...

Sports Arena

Tickets, Technology & Tax Reform

Do you have season tickets to a major sports team or know anyone who does? Have you purchased tickets to a single-game sporting event recently and noticed that those big corporate boxes don’t seem as full as they used to? When it comes corporate tax considerations related to the buying, selling, and paying for event tickets, much has changed, largely due to both technology advancements and federal tax reform. Corporations have always been frequent purchasers of...

The Texas Margin Tax: Still Darn Crazy After All These Years

Did you know that if you have been doing business in Texas for over a decade, then by November 15th you will be filing your Texas franchise tax return under the “new” Margin tax regime for the eleventh time? You would think after that many years, the tax would have matured to a level of certainty where we could all feel comfortable that we aren’t missing anything. But if you look back at the guidance we’ve received, you quickly...