Published on: August 02, 2007The NHMCCD Small Business Development Center (SBDC) will be hosting seminars at each of the district’s five colleges to explore the impact of a new Texas franchise tax going into effect Jan. 1, 2008.
“The New Texas Business Tax and What it Means to You” seminar, featuring presentations from Mark Scimemi of UHY Advisors and Amanda Trapp of Stibbs and Co., P.C., is set from 11:30 a.m. to 1:30 p.m. and includes lunch.
The topics discussed will include the new definition of taxable entities under the tax, how to calculate the tax, applicable deductions, new reporting requirements, and industry specific provisions for retailers/wholesalers, manufacturers, restaurants, attorneys, medical professionals and staff leasing companies.
This SBDC seminar will be held Aug. 22 atCy-Fair College in Conference Center rooms 152-153 and repeated Aug. 29 at Kingwood College, Sept. 12 at North Harris College, Sept. 18 at Montgomery College, and Sept. 26 at Tomball College.
The cost to attend is $25 if paid five days in advance or $45, by check or credit card, at the door. Attorneys and accountants can earn 1.5 hours of CPE or CLE credit by attending.
Register online at www.northhoustonbusiness.com or by calling the SBDC District office at 832-813-6674. For individual business development appointments with SBDC Consultant Gail Lorber at Cy-Fair College, call 832-482-1057.
About the presenters:
Mark Scimemi is a Principal with UHY Advisors and serves as the Practice Leader in state and local tax. A former attorney, he worked Arthur Andersen and Ernst & Young prior to UHY Advisors. He is also a former Chairman of the Houston Franchise and Income State Tax Committee.
Amanda Trapp is an attorney and enjoys helping small and medium sized businesses position their firms for success. As a former trainer and counselor for the Small Business Development Center she brings many years experience helping businesses to achieve their highest potential. She holds a Management Degree and an MBA, and practiced accounting for several years before moving into management. Trapp concentrates her current law practice on transactional work, real estate and mediation.