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Texas VAs Providing Administrative Services Locally

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If you are a VA in Texas providing administrative services to local clients, 20% of those services are tax exempt.

 

When I filed my first quarter taxes, I was informed by the state Comptroller's office that 20% of administrative services (data processing services) is tax exempt. Here is the link they provided me, http://tinyurl.com/cs9uvh, it's in Section 3b, last two sentences.

 

There is not a way to automate this in QuickBooks, but here are two invoice solutions:

 

1) Change your tax rate to be 20% less (thanks for the tip Candy B.), or

2) Create three line items: 1) Taxable amount (80%), 2) Tax, 3) Non-taxable amount (20%).

 

Hope this information is helpful!

 

 

 

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Guest rebecca thompson

That is great information to know. I am in Houston and I didn't know that.

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Does anyone have issues in Texas with knowing just what service are taxable. I have found that some of my could be clients find it hard to belive that my services are taxable, I have even had a couple back out because of it. Has this happen to anyone and how do you handle the issue with your clients?

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My particular services are NOT taxable. Some may be though. I encourage you to call the Comptroller's office to be sure and explain exactly what you do. Here's another link http://www.window.state.tx.us/taxinfo/taxpubs/tx94_127.html - Call them though, our comptroller's office is VERY helpful.

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