Services

 

T-COT specializes in recovering tax overpayments for sales & use tax, severance tax, low producing wells, 2-year inactive wells, high cost wells, direct pay and can defend your company against state audits.

 

Sales & Use Tax

Our experienced consultants can identify which tax laws and exemptions your company is eligible for.
Image
Image

Severance Tax

Tax imposed on marketing costs, low producing wells, 2-year inactive wells, and high cost wells can be recouped from your state.

Low Producing Wells

Your company could be eligible for up to a 100% severance tax credit on qualified wells. With a quick refund turnaround time, we can identify which of your wells qualify for the low producing exemption.
Image
Image

2-Year Inactive Wells

Wells that have been inactive for the prior 2-year period will qualify for special exemptions from the State of Texas. Let us help you determine which of your wells qualify for this exemption.

High Cost Wells

Certain wells can qualify for a high cost exemption that can amount to a significant refund. With our resources and experienced staff, we can identify and qualify your wells for this particular exemption.
Image
Image

Direct Pay

Report your sales & use tax directly to the State and prevent overpaying vendors. This could save up to 2% in local tax on all purchases and have an immediate effect on your company’s bottom line.

Employee Retention Credit (ERC)

Businesses can qualify for a payroll credit if impacted by COVID-19.
Image
Image

Defend State Audits

With a staff primarily comprised of former Texas State Comptroller auditors, we are able to offer an experienced and knowledgeable defense against state audits.

Sales & Use Tax

Our experienced consultants can identify which tax laws and exemptions your company is eligible for.
Image

Severance Tax

Tax imposed on marketing costs, low producing wells, 2-year inactive wells, and high cost wells can be recouped back from your state.
Image

Low Producing Wells

Your company could be eligible for up to a 100% severance tax credit on qualified wells. With a quick refund turnaround time, we can identify which of your wells qualify for the low producing exemption.
Image

2-Year Inactive Wells

Wells that have been inactive for the prior 2-year period will qualify for special exemptions from the state. Let us help you determine which of your wells qualify for this exemption.
Image

High Cost Wells

Certain wells qualify for a high cost exemption which can amount to a significant refund. With our resources and experienced staff, we can identify and qualify your wells for this exemption.
Image

Direct Pay

Report your sales & use tax directly to the State and prevent overpaying vendors. This could save up to 2% in local tax on all purchases and have an immediate effect on your company’s bottom line.
Image

Employee Retention Credit (ERC)

Businesses can qualify for a payroll credit if impacted by COVID-19.
Image

Defend State Audits

With a staff primarily comprised of former Texas State Comptroller auditors, we are able to offer an experienced and knowledgeable defense against state audits.
Image

Our expertise can help you get the most out of your refund. In most cases, refunds consist of small amounts of tax that add up to a substantial amount of money.

Contact Us
Image
We could not have been more pleased with the results. [T-COT] provided us with an excellent report showing the results in an easy to understand format... Our only regret is not doing this sooner.

April Wells, Accounting Manager
Image