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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....

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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...

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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 –...

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Change in Requirement for LOA

Change in Requirement for LOA(a)  A claim for refund with the comptroller within the limitation period specified by Subchapter D, Chapter 111.(b)  The comptroller by rule may provide additional procedures for claiming a refund under this section. If your company falls...

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Services related to drilling a new well.

SERVICES RELATED TO DRILLING A NEW WELL. It’s been my experience, both as an auditor for the state and as a consultant assisting oil and gas companies under audit by the Comptroller that there exists significant confusion among service providers as to their tax...

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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.

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