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u/Ccomp5950 Jun 25 '12
People that are waiting on Texas to execute businesses need to pay more attention to the Texas State Comptrollers office.
Having underpaid my first quarters sales tax by 1 dollar (didn't carry the one from the tenths place on the form) my new business operated for another 2 months before suddenly finding all of our accounts with a $1,600 hold on them. Not knowing what was going on and knowing our business account had $1,500 overdraft if needed I was ready to behead my business partner for clearing the account and possibly skipping town. Only thing is he didn't know what was going on either.
Fast forward an hour and one of the vice presidents at the bank lets us know what is going on. We called the Texas Comptrollers office and found out that the hold was placed automatically by their system and since we were delinquent on our first quarters sales tax they assumed we would not pay our next quarters sales tax and estimated it to be around $1,600. Only problem with all this is it was 10 days prior to the due date for filing. We moved from our apartment into an office about a month into starting all this and forgot to update our sales and use certificate so all the "hey, pay up" notices we weren't receiving (we had a 3rd roomate who threw them away is our guess). We filed early and told them to just withdraw the one dollar when they remove the hold on our account and we'll go on our marry way.
So there hangs a $1 bill framed with our Sales and Use certificate that many people assume is our first dollar of profit. Nope, just a steady reminder to check our math.
The fallout of all this is every account with my social security number or my business partners social security number tied to it were each given $1,600 holds on them. Including a business account of his dad's (which received a 16,000 hold (someone screwed up with the number of 0's)).
TL;DR: Texas Comptrollers office nearly killed 2 businesses over a math mistake.
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u/Amerikai Jun 25 '12
and yet Texas is still attracting businesses away from California, please keep doing it, maybe California will be forced to turn into a normal fucking state business-wise.
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u/chezazarng Jun 25 '12 edited Jun 25 '12
Oh, wow, a liberal political sticker on a Prius! I'm sure there's an option for "Liberal Political Sticker Package" at the Toyota dealership. Only $50 installed for assorted political stickers that let everybody behind you know where you stand on any issue.
That being said, funny sticker anyways.
edited: redundant redundancy
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u/Squalor- Jun 25 '12
This reminded me (just because of its tone) of a bumper sticker I saw yesterday:
Knowledge is Power.
Power Corrupts.
Study hard. Be evil.
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u/bigmeech Jun 25 '12
a shitty day turned around by a cliche bumper sticker? you must be easy to please
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Jun 25 '12
Then corporations are people. The US Federal government executed Arthur Anderson a number of years ago, because of the misbehavior of a single individual partner working on the Enron account.
Corporations are nothing more than a bunch of us getting together to pool our money to buy into something no single one of us could otherwise. If you wish to inflict harm upon corporations then you are harming yourself - your pension plan, your 401K, the ability to buy better stuff cheaper and cheaper, and so on.
I have never understood the loathing so many people have for corporations. Pretty much every good thing I own or want comes from one, from the food I eat, to the car I drive, to the airplanes I fly, to the toys I enjoy. Hating corporations is idiotic - that is to say, it makes perfect sense to leftwingers...
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u/hey_sergio Jun 25 '12
Not sure if person in reflection is a Girl or a Guy...
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u/deerp Jun 25 '12
i'm a woman. [just to clear things up] (http://imgur.com/a/Bqnyi)
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u/Domian Jun 25 '12
Aaand no matter how many time this topic is brought up and how many times someone explains that corporate personhood is a very reasonable concept, the circlejerk never stops.
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u/kahirsch Jun 25 '12
Texas has shut down corporations, without even waiting for a trial to occur. For example, in 2001, the Texas Secretary of State revoked the corporate charter of Lionheart Newspapers for nonpayment of franchise taxes.
In January, 2011, the Texas State Securities Board shut down Warr Investment Group and seized all their assets.
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u/Barrel-rider Jun 25 '12
As a Texan, I can tell yall this is only a matter of time.
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Jun 25 '12
It's posts like this that make me like reddit less. Corporations are just as much, if not more like people than unions. I'd like to keep away from the commie BS thank you r/funny.
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u/tremendosaur Jun 25 '12
Are you wearing Mom Jeans?
If so, you rock. More power to you.