Online Marketplace Sales/Use and Income/Franchise Voluntary Disclosure Initiative

Get relief for past sales tax until October 17, 2017. There’s a limited window to do so in over 23 states. It’s an opportunity for qualifying sellers to eradicate back sales/use and income/franchise tax liability, and get compliance up to snuff. Here’s a mini lesson about the Multistate Tax Commission Online Marketplace Seller Voluntary Disclosure Initiative, and the 23 states …

State Tax Group, LLC selected for 2017 Dallas Small Business Excellence Award

FOR IMMEDIATE RELEASE State Tax Group, LLC selected for 2017 Dallas Small Business Excellence Award Dallas, TX – September 20, 2017 — State Tax Group LLC has been selected for the 2017 Dallas Small Business Excellence Award in the Accountants classification by the Dallas Small Business Excellence Award Program. Various sources of information were gathered and analyzed to choose the …

State of Texas Suspends Hotel Occupancy Taxes

As vacation season came to a close in August 2017, Mother Nature punctuated the end of summer with a disaster, called Hurricane Harvey. Streets and many homes where flooded and uninhabitable, driving people from their homes. Thus, Governor Abbott extended the state and local hotel occupancy tax exemption for hotel guests affected Harvey’s torrential flooding through September 22nd, and suspended …

Income Tax or no Income Tax?

What a great rhetorical question! It’s especially apropos to ask while you comb through tax forms this year. Seven states in America currently don’t have income tax – Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. New Hampshire and Tennessee residents are also spared from forking over a portion of their paychecks on tax day (April 15), though they …

Incentive Programs in Effect Lower the Cost of Oil and Gas Production

     State severance taxes’ reduction or elimination provides operators an economic incentive to undertake activities that produce oil and gas resources that otherwise might remain undiscovered. Black gold. Texas tea. Back in the 1980s’, The Lone Star state realized that incentives to increase the state’s oil and gas production were significantly valuable.  Economic studies have shown that there is a positive …

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You Have Been Selected For Sales Tax Audit

Oh no! You’ve just received a notice from your state government, informing you that your business has been selected for a sales tax audit. Even if you’ve knowingly paid all your taxes, an audit is still an incredibly time consuming and stressful process. Upon receiving your notification of a sales tax audit, tax departments and business owners find themselves overwhelmed …

State Tax Group Principal and Founder Receives Executive Scholarship

FOR IMMEDIATE RELEASE: “A Community Leader That Leads By Example” Richard Fleming Founding Principal of State Tax Group, LLC has been selected to receive the 2012 Minority Business Enterprise Executive Scholarship from Exxon-Mobil and the to attend Dartmouth College Tuck School of Business located in Hanover New Hampshire. Mr. Fleming will be attending “Building a High-Performing Business”. Every year Exxon-Mobil …

Re: 2012 American Taxpayer Relief Act — Overview

FOR IMMEDIATE RELEASE: Dear Client: After weeks, indeed months of proposals and counter-proposals, seemingly endless negotiations and down-to-the-wire drama, Congress has passed legislation to avert the tax side of the so-called “fiscal cliff.” The American Taxpayer Relief Act permanently extends the Bush-era tax cuts for lower and moderate income taxpayers, permanently “patches” the alternative minimum tax (AMT), provides for a …