2020 State Tax Compliance The Only Thing That Hasn’t Changed is the Names of the States_

2020 State Tax Compliance – The Only Thing That Hasn’t Changed is the Names of the States!

I have always been a “state guy” so when I worked in the corporate world, I used to tease our federal tax folks about how easy their job was…one code…one set of rules and regulations…”easy peasy.” They knew I was kidding as I fully understood how difficult their job was. But to my point, let’s look back to the 2017 Federal Tax Cuts and Jobs Act (“TCJA”). From a federal perspective, although there was much uncertainty,...

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...