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Tax Tips & News: Texas

Hurricane Harvey & Irma Tax Relief

3 minutes read

In the wake of the devastation of Hurricane Harvey, and the recent disaster declaration by President Trump, the IRS is offering tax relief to Texas victims affected by the storm:

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Why Low Oil Prices Are Bad News for State Budgets

4 minutes read

Low Oil Prices Aren’t Good For Everybody

While many states rely heavily on taxes levied on the oil and gas industry, the falling price of oil in recent months is contributing to the drying-up of much-needed tax revenues. How do states such as Alaska, Texas and other mineral-rich states get creative when they need to supplement their budgets? Here’s a quick look at why low oil prices are bad news for state budgets.

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Which States Are Tax-Friendliest?

5 minutes read

Top “Tax-Friendly” States

If you’re willing to relocate, you can save quite a bit of money on taxes. By shopping around from state to state, you can save significant amounts on your bill for business or personal taxes. According to Entrepreneur, individuals can save 10% to 30% simply by moving. States and municipalities set widely different tax rates on personal income, gas, property and sales. Your business could enjoy major savings in a different state.

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Arizona Bills Amazon.com $53 Million

1 minute read

Arizona Wants $53 Million In Sales Taxes

The State of Arizona is taking the first crack at trying to collect sales tax from amazon.com–the biggest online discount retailer.  According to a filing with the SEC, Arizona calculated that Amazon owes the state & various cities $53 Million in uncollected taxes from March 1st, 2006 through December 31st 2010.

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