Consulting

The Cost Benefits of Using Tax Consultants

T-COT, Inc. provides all the personnel to conduct the examinations, with minimal disruptions of company personnel. T-COT, Inc. is paid for services from monies rendered, so this does not impact the company’s budget. On the contrary, the monies rendered impact the company’s bottom line Net income. This is one of the win-win situations people in business are looking for. Additionally, having outside consulting come in periodically is much more cost effective than paying the salary of an in-house employee with potentially greater benefits since this is our area of expertise.

What is the Average Time Period Covered by Examinations

The average time period covered in most examinations is 4 years. This time period could be longer if an audit has just been completed, is currently being audited by the Texas Comptroller of Public Accounts, or the audit is in hearings status

Scope of Examination

The scope of examination is generally limited to taxed purchase transactions for the periods within the statute of limitations.