As profits in the petroleum industry take a plunge due to the ongoing global pandemic caused by the coronavirus, oil depots are being flooded with overflowing masses of crude oil that is now needing to be stored. The U.S. Energy Information Administration (EIA) reported that tank farms which store the crude oil are filling up, and fast. With so much crude oil continuing to build.
Read MoreWith the ongoing global pandemic, profits in the crude oil and energy market have dropped exponentially. COVID-19 has affected prices of oil all over the world, with most big oil companies taking tremendous hits. With Q1 & Q2 taking such devastating blows, only time will tell just how Q3 will be impacted. Here are a few things you can expect.
Read MoreThe Michigan Supreme Court has a tough call to make involving property tax foreclosures and the amount of money the government can legally “take'' from you. According to the Michigan Department of Treasury, Michigan counties can foreclose on homes after property taxes are delinquent for three years. This means that if you are a property owner and are behind on your property tax payments, you can be at risk of having your property foreclosed and a lawful taking, or an attorney, Christina Martin calls it: “government-sanctioned theft.”
Read MoreProperty tax liabilities have been a trending topic for many years, but lately, BPP has taken an incline. If you’re unfamiliar with “BPP”, or Business Personal Property, it is a tax on the value of a business’s inventory and equipment. With the recent property tax liability reform of SB2 and HB3, questions arise of whether or not Texas will jump on board to make changes to BPP tax liabilities?
Read MoreThis just in: According to a press release issued by The Texas Oil & Gas Association, the Texas Oil and Natural Gas Industry set a new record just by paying their state and local taxes and state royalties last year!
Read MoreProperty value appraisals in Texas just got a little more complex, at least in Travis county that is. A new process at Travis Central Appraisal District (TCAD) has been adopted which first resulted in cutting off all in-person communications between property owners and staff appraisers.
Read MoreAt J. Joseph it’s not just about metrics and savings, it’s about relationships. Thank you to those who braved the storm and attend our Houston social.
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