Margin Tax Analysis
In 2006, Texas’ Governor signed into law an expanded business tax, the Margin Tax, labeled by many as the largest tax increase in Texas history. This bill replaced the ineffective, loophole-addled franchise tax, and is expected to draw in $14.5B in taxes over five years.
This is a bill fraught with problems; even the state Comptroller sees an ‘expectation of problematic tax rules’ in this new tax. Streamline is well-versed in this troublesome new tax, helping to mitigate risk, and creating streamlined analyses. We slice through the confusion and complexities, and can parse out confusing rules including “synergy” and “mutual benefit.”
Our analysis covers the following:
- Measuring a company’s new Texas margin tax liability
- Diagnosis of issues that will considerably impact a company
- Identifying potential methods to reduce tax liability
- Analyzing margin law filings
- Reviewing “new” apportionment calculations
- Facilitating a deeper client understanding of the new Texas margin tax
Streamline offers clients comprehensive expertise in obtaining refunds of incentives and credits. We relentlessly pursue every opportunity to discover and secure all funds due. We have a proven track record of maximizing tax credits and incentives—translating to a healthier financial outlook for clients. Historically, over 50% of the companies we have audited are due refunds. Particularly in today’s financial climate, this is not an opportunity that companies can afford to overlook.
Tax Compliance Outsourcing Services
Today, there are thousands of employer regulations mandated by thousands of Federal, State, and Local tax agencies. It takes a diligent, full-time staff just to stay current with these constantly-changing laws. Accurately handling all of their requirements can be cumbersome.
While the workload required to meet these demands is overwhelming, not complying with the law is not an option: fines and interest can be assessed retroactively, and quickly destroy even the healthiest business. Outsourcing your compliance requirements to our experts will relieve you of this risk.
Audit Defense Representation
We proactively and effectively represent taxpayers in audits relying on our extensive expertise and meticulous work ethic. We are regarded as some of the best audit negotiators in the world, overseeing the most complex tax issues with ease.
For organizations facing the IRS or a department of revenue, the state comptroller’s office or other agencies, international or local institutions, Streamline can help. We provide knowledgeable and when necessary, aggressive audit defense representation to resolve tax audits and minimize potential liability. From challenging business and occupation assessments in Washington to negotiating Administrative Hearing resolutions in Texas, from processing refund requests for overpaid taxes from Mt. Vernon parish of Louisiana to audit defense representation in California, Streamline’s Tax teams have the expertise and track record to handle consulting for the “who’s who” of corporations in every industry.
Managed Audit Programs
Our managed audits provide robust details, a transparent approach, and straightforward process—tying everything together in one manageable system. We are experts in the processes of qualifying, providing targeted sample selection in accordance with Comptroller guidelines, identification of populations and accounts’ interest, meeting timelines and extensions, and successful resolutions.
We review for errors in decision-making and data entry, minimizing delays. Committed to the diligent management of audit programs, we are experts in handling the changing parameters and structures of audit reviews.