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Texas sales use tax penalties

Texas sales use tax penalties The law imposes a $50 late filing penalty on every report filed after the due date, even if no tax was due for the period or the report was eventually filed. If you are currently undergoing a sales tax audit, you may find that your…
Mansoor Ansari
January 19, 2015
News and ArticlesTax News

Texas sales tax amensty

Texas sales tax amnesty This was a limited-time program approved by a state’s legislature and administered by the state agency responsible for administering and enforcing the state’s tax laws, (e.g. Comptroller). The program gave taxpayers an opportunity to can come forward voluntarily and satisfy their delinquent tax obligations in exchange…
Mansoor Ansari
January 19, 2015
News and ArticlesTax News

Texas fuel tax audit

Texas fuel tax audit As an owner of a gas station in the Houston area, you are most likely consumed with running your business at a profit versus keeping in track of the sales tax that you remit on a monthly basis. Of course, you are trying to make sure…
Mansoor Ansari
January 19, 2015
News and ArticlesTax News

Texas hotel occupancy tax

Hotel occupancy tax is imposed on the rental of a room or space in a hotel costing $15 or more each day. If you have are renting rooms for anything less than $15.00 per day, this blog is not for you and you may need to retool your business model.…
Mansoor Ansari
January 19, 2015
News and ArticlesTax News

Texas Use tax audit

Texas Use Tax Audit A Texas Use Tax Audit normally begins by the initiation of a letter to the business owner. This can also become part of an ongoing sales tax audit where the State begins to audit your consummables. In most cases, the problem begins where a business owners…
Mansoor Ansari
January 19, 2015
News and ArticlesTax News

Texas sales tax audit

Texas Sales Tax Audit Being notified and going through the procedure of a Texas sales tax audit can be a daunting proposition. The process begins with your receipt of Notice of Intent to Audit Books and Records, from the Texas Department of Revenue. The auditor will be looking for violations…
Mansoor Ansari
January 19, 2015
News and ArticlesTax News

Texas Sales Tax Redetermination Hearing

Texas Sales Tax Redetermination Hearing What is the next step after receiving an audit notice from the State? The answer is a Texas Sales Tax Redetermination Hearing. A Redermination hearing will afford a business owner the opportunity to contest the liability associated with their sales and/or use tax account with the…
Mansoor Ansari
January 15, 2015