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Whitley Penn Acquires Texas CPA Firm Fisher, Herbst & Kemble

CPA Practice

1, the team from San Antonio-based accounting firm Fisher, Herbst & Kemble P.C. Fort Worth-based Whitley Penn is acquiring FHK, a long-established CPA firm that provides audit, tax, and consulting services to clients, primarily financial institutions, construction companies, and retailers.

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5 States with the Lowest Combined Business Taxes

CPA Practice

The eight states with the lowest property tax rates, on average, are Alabama, Colorado, Delaware, Nevada, New Mexico, North Carolina, Texas, and West Virginia. Meanwhile, the five states with the highest average state property tax burden are Connecticut, Illinois, New Hampshire, New Jersey, and Vermont.

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What is state tax apportionment and how do you calculate it?

ThomsonReuters

Each state gets to decide what matters most — your payroll, property, or sales — and in what ratio to account for them. Most states use one of three apportionment formulas: An equally weighted three-factor formula that takes payroll, property, and sales into account in equal measure, also known as the.