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    Franchise Return-texas

    I am working on a franchise return for Texas. The new rules have me a little confused.
    On the cogs---the manual states that it will not be the same as for federal income tax reporting. --- but could add wages and adv ...etc... this is for a tire & auto shop... how would one detereming exactly what could be used for labor costs,payroll and depreciation??? for this new cogs figure. anyone have any

    #2
    Texas Franchise Tax

    Originally posted by gman View Post
    I am working on a franchise return for Texas. The new rules have me a little confused.
    On the cogs---the manual states that it will not be the same as for federal income tax reporting. --- but could add wages and adv ...etc... this is for a tire & auto shop... how would one detereming exactly what could be used for labor costs,payroll and depreciation??? for this new cogs figure. anyone have any
    Check out this website for the Texas Comptroller:
    Glenn Hegar was elected as Texas Comptroller of Public Accounts — the states chief financial officer — in November 2014.


    Complicated as heck!
    Jiggers, EA

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