The Managed Audit Program (MAP) was initiated by the Texas Comptroller’s Office in 1999 in order to allow qualifying businesses to conduct quasi self-audits with minimal input from the Texas Comptroller’s Office. The benefit to the Comptroller’s Office and the State are significant cost savings because less resources are being expended. Find out about the numerous business benefits.
Texas Tax Group
Why am I Being Audited?
You just received notification that your business has been selected for a Texas Comptroller state tax examination. Unless you have been through the audit process before, you probably have lots of questions and concerns.
FRANCHISE/MARGIN TAX
Did you know that many companies in your industry may have unknowingly overpaid their Texas Franchise/Margin Tax? That's right. They've been leaving money on the table simply because they failed to include or exclude certain accounts properly in their calculations....
Well Service Providers
Well Service Providers Well Service ProvidersAre you a well service provider that is unclear of your tax responsibilities relating to services that you provide at the well site? Due to recent changes/clarifications in policy by the Comptroller’s office you may find...
Policy Reversal on Flowback Services
Memorandum SUBJECT: Taxability of flowback and water transfer services This memo supersedes the following hearings, and Policy Letter related to equipment provided to control flowback after the fracking of oil and gas wells. STAR Accession Nos. 202302014H –...
Are Fueling Services for Fracking Subject to Sales Tax as Equipment Rental
Are Fueling Services for Fracking Subject to Sales Tax as Equipment Rental? Written by: Gilbert Zamora & Dino Marcaccio Tex. Tax Code § 151.051 – SALES TAX IMPOSEDRule 3.294 – RENTALS AND LEASES OF TANGIBLE PERSONAL PROPERTY202009002L – AGENCY MEMO: SUBJECT:...
Resales and Exemption Certificates (Why Do Auditors Often Deny Them?)
Unfortunately, Sales Tax auditors are denying more resale and exemption certificates based on technical faults and/or auditor judgement. Because of stricter training procedures and new policies, many auditors are now enforcing a zero-tolerance certificate policy which results in over-taxation.
Guide to Selecting a Sales Tax Consultant
There is NO licensing or regulation of any type in Texas for Sales Tax Consulting companies. You should CAREFULLY investigate any company soliciting your business. Often owners and their consultants do not have an accounting degree. In addition, many of these less qualified consultants have a single ‘rent-a-room’ (virtual office) not located in your city. Find out what questions you should ask before hiring a tax consultant.
Inside the Mind of a Texas Comptroller Sales Tax Auditor
Are auditors encouraged to over-assess tax? I realize this is a provocative title. And I bet many of you are wondering HOW would I know what auditors think. After receiving my accounting degree from Texas A&M University, I went to work for the Texas Comptroller’s...
Here Come the Millennial Auditors
Wikipedia defines Millennials with college degrees as those folks who DO NOT STAY at any job for more than 2 or 3 years and then move to the next job. This cycle usually continues for an average of 3 jobs before they finally settle down for the long haul. If the Texas Comptroller continues to hire young new college graduates then it is a given that most of them will quit in 2 to 3 years and move on to their 2nd job or 3rd job.