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Tax Courses for CPE credit

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November 1, 2023

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Texas Franchise Tax

CPE Credit Hours: 4.0

Program Level: Basic

Program Prerequisite: None

Advanced Preparation: None

Course Presenter: Gordon Martens

Course Time: 8:30 am - 12:00 pm

Location: 816 Congress Austin, Texas

This 4-hour course covers the major issues CPAs and tax professionals confront under the Texas franchise tax. We will cover each of the main components of the franchise tax calculation, including revenue, compensation, cost of goods sold, apportionment and combined reporting.

Learning Objectives

  • Identify issues that arise for revenue, revenue exclusions, compensation, cost of goods sold, and apportionment
  • Understand calculations for margin, apportionment, and research & development credit
  • Apply court decisions to determine appropriate Texas franchise tax treatment for various business activities

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    Time Topics Issues
    8:30 Franchise Tax Overview
  • Nature of Franchise Tax
  • Nexus and Safe-Harbor for Remote Sellers
  • Passive Entities
  • Reporting Periods
  • 8:45 Calculating Margin
  • Revenue & Revenue Exclusions
  • Cost of Goods Sold Method
  • Compensation Method
  • 30% Net Revenue
  • $1 Million Statutory Subtraction
  • 10:00 Break 10 Minute Break
    10:20 Apportionment
  • General Apportionment Rules
  • Service Industry Apportionment
  • Transportation Industry Apportionment
  • Net Gains & Losses Apportionment
  • 11:20 Combined Reporting
  • Affiliations Test
  • Unitary Criteria
  • 11:35 R&D Credit
  • Qualifying Research
  • Credit Calculation
  • Credit Carryforward/Limitations
  • Software Issues
  • 12:00 Lunch Provided for In-Person Attendees


    Advanced Franchise Tax Workshop

    CPE Credit Hours: 4.0

    Program Level: Advanced

    Program Prerequisite: Texas Franchise Tax

    Advanced Preparation: None

    Course Presenter: Jimmy Martens

    Course Time: 12:30 pm - 4:00 pm

    Location: 816 Congress Austin, Texas

    Those with a basic understanding of Texas franchise tax law should attend this course to gain in-depth knowledge of Texas franchise tax issues arising in Texas' major industries from an attorney who works on the front lines, trying complex Texas franchise tax cases in court and arguing the related appeals.

    Learning Objectives

  • Identify issues that arise for revenue, revenue exclusions, compensation, cost of goods sold, and apportionment through working out specific franchise tax problems
  • Understand calculations for margin, apportionment, and research & development credit through working out specific franchise tax problems

  •  

    Time Topics Issues
    12:30 Revenue, Exclusions, Subtractions, and Apportionment
  • Real Estate Revenue Exclusion
  • Oil & Gas Exclusions
  • Real Estate COGS Subtraction
  • Heavy Equipment Rental
  • COGS Installation Labor
  • Compensation
  • Service Industry Apportionment
  • Apportioning Net Gains/Losses
  • Transportation Apportionment
  • 2:00 Break 10 Minute Break
    2:10 Combined Reporting, R&D, Industry Issues, and Challenging Assessments
  • Management Company Issues
  • Combined Reporting and No Nexus Members
  • Texas Research Tax Credit
  • Medical Exclusion Issues
  • Challenging Tax Assessments
    • NASBA Statement

      LAT Seminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority over the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket