Changes to Franchise No Tax Due Reporting for 2024
In July 2023, the legislature passed Senate Bill 3, which increased the no tax due threshold and eliminated reporting requirements for certain entities. In response, the Comptroller’s [...]
In July 2023, the legislature passed Senate Bill 3, which increased the no tax due threshold and eliminated reporting requirements for certain entities. In response, the Comptroller’s [...]
Data Processing Services: Taxable Entering, storing, manipulating, and retrieving a customer’s data is taxable. Below is a list of some taxable data processing services: Data Storage Internet [...]
You received your Texas Notification of Audit Results, what are your options? The Texas Notification of Audit Results is the determination of the results from your audit. The notification balance [...]
Motor Vehicles Repairs, Maintenance and Remodels A motor vehicle is a self-propelled vehicle designed to transport people or property or a vehicle designed to be towed by a self-propelled [...]
Tax Responsibilities with Exempt Customers Certain entities can receive tax exemptions, these include governmental entities, religious, educational, and public service organizations such as a [...]
Collecting State and Local Taxes in Texas When selling taxable goods or services in Texas or selling to Texas customers you must collect the 6.25% state sales/use tax and the correct local tax. [...]
Manufacturing Exemptions in Texas The manufacturing sector in Texas has contributed more than $241 billion annually to the Texas gross state product and has directly employed about 900,000 Texans [...]
Sales Tax On Consulting Services In Texas: What To Know Sales tax refers to a tax paid to state and local tax authorities for the sale of certain goods and services. It is most commonly collected [...]
Texas Tax-Free Weekend This year’s sales tax holiday will begin on Friday, August 7th, and go through midnight Sunday, August 9th. At this time taxpayers will be able to purchase most clothing, [...]
Mixed Beverage Tax in Texas If you are looking to start or already selling alcoholic beverages in Texas, you should familiarize yourself with the mixed beverage tax to help you report and pay [...]
Texas Sales Tax Permit Overview Essentially, when you start any business in Texas, you must get a sales tax permit. This is a permit you apply for to allow you to sell services or products and [...]
Texas Sales and Use Tax for Restaurants Staying tax compliant should be your number one responsibility as a restaurant owner. Restaurant operators in Texas need to familiarize themselves with the [...]
Sales and Use Tax in Convenience Store In Texas, like other states, customers can partake on many convenience store goods without parting with a fraction of their money in the form of taxes. [...]
Are Janitorial and Cleaning Services Taxable? If you operate a janitorial, or custodial service, you should be collecting sales and use tax. You need to obtain a sales tax permit. Tax is due on [...]
LANDSCAPING AND LAWN CARE SERVICES If you do landscaping, lawn, or plant care, you should be collecting sales and use taxes. Landscaping, lawn, and plant care services include any work you do to [...]
Wayfair vs South Dakota. What Does it Mean for Texas? Before 2018, many online retailers were not charging taxes to their clients because of a Supreme court ruling in 1992 (Quill Corp. vs . North [...]
Overview of Texas Oil and Gas Severance Tax According to Investopedia, severance tax is a select type of tax levied by a state on the extraction of naturally occurring non-renewable resources for [...]
Audit Process in Texas The state of Texas conducts audits to ensure that businesses are properly collecting, reporting and paying state taxes. Businesses are selected for an audit for various [...]
What is my Franchise Tax Status? The Texas State Comptroller imposes a franchise tax on each taxable entity formed in Texas or doing business in Texas. (NEXUS) This is considered a privilege tax [...]
Texas Amnesty Program The Texas Amnesty Program which begins on May 1st and ends June 29, 2018 is a program aimed at helping taxpayers that owe taxes get up to date without having to pay for [...]