New Year needs a new Employee Policy for AI

OK, we’re starting a new year and many firms are having employees sign an annual acknowledgement to firm policies. This year, we’re adding an AI & ChatGPT usage policy for our employees. Yes, I used ChatGPT to create this policy, but it took a few iterations and I pieced together different elements from different iterations. […]

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Small business get tax relief in Texas Property Tax Reform

If you haven’t been following the Texas legislature, and I wouldn’t blame you if you haven’t, they just concluded their second called Special Session on July 14, 2023. Special sessions can only be called by the Governor and are limited to topics that the Governor lists in his announcement calling the sesssion. This time the

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Webfile eSystem Outage We are experiencing an intermittent outage with our Webfile eSystem. Some users are currently unable to access Webfile. We are working to resolve this issue and apologize for any inconvenience this may cause. Franchise Tax reports, payments and extensions that are filed and/or paid on or before Wednesday, May 17 will be considered timely filed. Any late-filing penalty that would normally occur will not be assessed.

Alert – Texas Comptroller’s webfile eSystem is down on May 15,2023

This is just a quick post to alert everyone who needs to file a Texas Franchise Tax Report that the Texas Comptroller’s webfile eSystem is down, as of 3pm on May 15, 2023. I’ve been trying to access the system for about 4 hours and haven’t been able to log into the system. The Comptroller

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Texas Franchise Tax Reports for 2023 are due on May 15, 2023.

Top Issues For The Texas Franchise Tax Reports

So, you’ve filed or extended your federal business returns and now you need to focus on the Texas Franchise Tax Report. This annual report is due on May 15 each year, regardless of when your accounting year ends. Right now, our focus is on the 2023 Texas Franchise Tax Report. This report is generally for

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Draft Instructions for 2022 Schedules K-2 and K-3

Will partnerships need to file K-2 & K-3?

IRS issues draft instructions for Partnership Schedules K-2 and K-3 for 2022 tax returns. On October 25, 2022, the IRS issued a draft set of instructions for partnership’s 2022 Schedule K-2 and K-3. An important element is the “Who Must File” section, because some partnerships might not have to file these two international schedules, but

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20220824 IRS Notice 2022-36

IRS releases penalty relief for taxable years 2019 and 2020

I am just now reading the IRS Notice 2022-36 and wanted to share the news to help spread it around. I guess it was initially released last night (August 23, 2022) and then pulled off their website. It was then re-released to their website today, August 24, 2022. The notice proves relief for certain taxpayers

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