Texas – Comptroller’s Office Releases State of Texas Annual Cash Report

AUSTIN — Texas Comptroller Glenn Hegar today announced the release of the State of Texas Annual Cash Report for fiscal 2020. The report, a cash-basis representation of the state’s financial condition as of Aug. 31, 2020, shows revenue and expenditure details for all Continue reading Texas – Comptroller’s Office Releases State of Texas Annual Cash Report

Texas – Calculating and Reporting Tax for Sellers Operating on the Cash Basis of Accounting

SALT Report 2460 – The Texas Comptroller issued guidance regarding how to calculate and report tax if your business operates on the cash basis of accounting. Generally, businesses that operate in this manner only record their transactions when money actually Continue reading Texas – Calculating and Reporting Tax for Sellers Operating on the Cash Basis of Accounting