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April 22, 2008

Comptroller-approved software for Margin Tax calculations

Click here for the list of software vendors the Comptroller's office has approved for the new franchise tax forms.

It's better than nothing: Combs offers an extra month for filing Margin Tax returns

Read the Comptroller's announcement here.

April 17, 2008

Senator Brimer unfairly accused

The Fort Worth Star-Telegram says Senator Kim Brimer followed all the rules and his political opponents are trying a smear campaign. The facts are reported in the paper’s article here.

Craddick’s Democratic opponent is ineligible; or is he?

The Republican party is shouting for joy over the ruling of a federal judge than Midland City Councilman Bill Dingus is ineligible for the race because he did not resign his city council seat before registering as a legislative candidate. But Dingus says the judge did not order him removed from the ballot, so he's still running. Confused? The Houston Chronicle article explains it all.

April 15, 2008

Taxpayers are waking up to the tax bite of the new Texas margin tax

Being April 15th, you would think all the focus would be on federal income taxes. Not so, says one CPA:  "I’m getting more calls from my clients about the margin tax than the income tax.”

That’s because the Comptroller just sent out letters and forms reminding taxpayers of the new tax and telling them how to file and pay. Check out this Austin American-Statesman story.