Texas imposes a state sales tax on all retail sales, leases and rentals of most goods, as well as taxable services. This is known as the sales and use tax – commonly referred to as the pseudonym “transaction tax” – and is imposed on sellers and buyers.
In our latest video, discover the process of claiming the R&D Tax Credit in Texas through sales and use tax in under three minutes.
Watch on YouTube: https://www.youtube.com/watch?v=30_Qk-c5vYE
Want more quick video tutorials like this?
Check out our series so far:
Swanson Reed is a specialist R&D tax firm and has helped many clients across a diverse range of industries. Contact us for more information on how we can advance your company’s market value and boost its bottom line through the Research and Development Tax Credit.
