Tex. Occ. Code § 901.458 · Subchapter J. PRACTICE OF PUBLIC ACCOUNTANCY
LOSS OF INDEPENDENCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "direct labor cost" means:
(1) the total compensation paid to a person who performs services; and
(2) the employer payroll expenses related to that compensation, including workers' compensation insurance premiums, social security contributions, costs of participating in retirement plans, group insurance costs, and unemployment taxes.
(b) A person creates a presumption of loss of independence if the person:
(1) holds a certificate or firm license issued under this chapter; and
(2) performs or offers to perform an attest service for compensation that is less than the direct labor cost reasonably expected to be incurred in performing the service.
(c) This section does not apply to the donation of services to a charitable organization as defined by board rule.
Notes and commentary — not statutory text
History
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1497, Sec. 32, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.901.htm
- Text hash
- sha256 f90af5ec0c45c2072ffa4c980d7dba3c08a175e923e9d4e0f549ac0df887ec4b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.