Texas Tax and Compliance
Essential educational resources for understanding Texas tax obligations, filing requirements, and compliance responsibilities for businesses operating in Texas
Navigating Texas Business Tax Requirements
Texas businesses face unique tax obligations at both state and local levels. From the Texas franchise tax to sales tax collection requirements and property tax obligations, understanding your compliance responsibilities is essential for avoiding penalties and maintaining good standing. This educational portal provides comprehensive information about the various taxes that may apply to your Texas business, helping you understand filing requirements, exemptions, and key deadlines in consultation with qualified tax professionals.
Essential Tax Topics for Texas Businesses
Explore our comprehensive guides covering franchise tax, sales tax, property tax, and annual compliance requirements
Texas Franchise Tax: The Basics for Small Businesses
The Texas franchise tax, often called the "margin tax," is a privilege tax imposed on most business entities for the right to do business in Texas. Understanding whether your business owes franchise tax, how it's calculated, and when it's due is crucial for compliance. This guide explains what the franchise tax is and how it differs from income tax, which entities must pay and which are exempt, revenue thresholds that trigger filing requirements, available exemptions for small businesses, and the annual filing deadlines and process for submitting franchise tax reports to the Texas Comptroller.
Read Article
Understanding Texas Sales Tax for Service Businesses
Unlike many states, Texas imposes sales tax on certain services in addition to tangible goods. Service businesses must understand which services are taxable, when they have nexus requiring collection, and how to properly collect and remit sales tax. This educational resource examines the distinction between taxable and non-taxable services under Texas law, nexus requirements that create collection obligations, procedures for collecting sales tax from customers and remitting it to the state, and common scenarios faced by service businesses including professional services, repair services, information services, and personal services.
Read Article
Texas Sales Tax for E-Commerce and Online Sellers
E-commerce sellers face complex sales tax obligations in Texas, particularly following recent economic nexus laws and marketplace facilitator rules. Online sellers must understand when they're required to collect Texas sales tax and how marketplace platforms affect their obligations. This guide covers economic nexus thresholds that trigger collection requirements for out-of-state sellers, marketplace facilitator rules and when platforms like Amazon or Etsy collect tax on your behalf, obligations for out-of-state sellers shipping to Texas customers, and special considerations for drop shipping arrangements where inventory never physically enters Texas.
Read Article
Annual Report Requirements for Texas Entities
Unlike many states, Texas does not require most business entities to file annual reports with the Secretary of State, which often surprises business owners familiar with other states' requirements. However, understanding what reporting obligations do exist is important for maintaining good standing. This educational resource clarifies that most Texas LLCs and corporations have no annual report requirement with the Secretary of State, explains the federal beneficial ownership reporting requirements under the Corporate Transparency Act, discusses the franchise tax annual report which serves a different purpose, and provides guidance on maintaining your entity in good standing with the state.
Read Article
Property Tax Considerations for Texas Businesses
In addition to real property taxes, Texas businesses may owe taxes on business personal property such as equipment, furniture, and inventory. Understanding rendition requirements and available exemptions can help businesses comply while minimizing tax liability. This guide examines business personal property tax and what assets are subject to taxation, rendition filing requirements and deadlines for reporting business property to local appraisal districts, exemptions available to businesses including freeport exemptions and inventory exemptions, and Travis County and Austin-specific considerations including local tax rates, appraisal district procedures, and protest processes for businesses in the Austin area.
Read Article
Stay Compliant with Texas Tax Laws
Access our complete collection of tax and compliance resources for Texas business owners