Maximize Endowments by Leveraging Life Insurance
During your lifetime, there are many drivers for seeking life insurance policies; oftentimes to function as a replacement of income in the event of tragedy or other loss. Each situation is unique; however, and beneficiaries can be set as family members, children, a closely held business or even a business
Estate Planning: A Roundtable Discussion
Sales Tax: Here, There, Everywhere
Earlier this month, the Alabama Department of Revenue challenged the U.S. Supreme Court’s 1992 ruling in the landmark sales tax case Quill Corp v. North Dakota (1992). The decision from 1992 case regarding sales tax nexus confirmed that in order for an entity to have nexus in a state it
Three Factor Multi-State Tax Compact vs. Texas One Factor Apportionment
On July 28, 2015, the Texas Third Court of Appeals in Austin set a precedent regarding the use of the Multistate Tax Compact’s apportionment method over Texas’ default apportionment method. The Appellate court ruled in favor of the state of Texas, requiring all Texas franchise tax return filers to use
Texas 25% Across the Board Tax Cut for Businesses in 2016
On May 28, 2015, the Texas state legislation passed CSHB 32, a bill to reduce the Texas franchise taxes across the board by 25%, and increases the number of taxpayers allowed to use the E-Z computation and rate. The Texas franchise tax, or “margins tax” has routinely been the subject