TEXAS COMPTROLLER OFFERS ASSISTANCE TO TEXAS BUSINESSES DURING THE CORONAVIRUS OUTBREAK
The Texas Comptroller announced on March 25, 2020, that it is offering assistance to businesses that are potentially struggling to pay the full amount of the Texas sales tax that they collected in February, 2020. For affected businesses, the Texas Comptroller is offering short-term payment agreements to pay the collected sales taxes, with the waiver of penalties and interest, in most cases.
If you are an affected business, or represent such a business, and have questions or concerns, contact Freeman Law at (214) 934-3410 or contact us online.
Freeman Law works with tax clients across all industries, including manufacturing, services, technology, oil and gas, financial services, and real estate. State and local tax laws and rules are complex and vary from state to state. As states confront budgetary deficits due to declining tax revenues and increased government spending, tax authorities aggressively enforce state tax laws to recapture lost revenues.
At Freeman Law, our experienced attorneys regularly guide our clients through complex state and local tax issues—issues that are frequently changing as states seek to keep pace with technology and the evolution of business. Staying ahead requires sophisticated legal counsel dedicated to understanding the complex state tax issues that confront businesses and individuals. Schedule a consultation or call (214) 984-3410 to discuss your Local & State tax concerns and questions?