Does anyone have a problem with the way this tax is applied? I have a retail business and we are subject to the Franchise Tax. It seems like an additional burden that the state applies to Texas businesses whether the margins are great or slim. In this particular retail business the margins are slim.
And the kicker is that after paying this tax for the last 4 years, I find out that I could have applied for an exemption under the new Veteran-owned business definition. So, I guess I am out of that money we paid during that time. Neither my CPA nor I knew about the exemption.
And the kicker is that after paying this tax for the last 4 years, I find out that I could have applied for an exemption under the new Veteran-owned business definition. So, I guess I am out of that money we paid during that time. Neither my CPA nor I knew about the exemption.