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Tag: Anshul Goyal CPA
Texas Manufacturing Exemption: Robotics & AI Hardware
Introduction Texas wants to keep manufacturing intelligent and lean—and that’s where the Texas Manufacturing Sales Tax Exemption under §151.318 comes into play. For robotics and AI startups investing in machines, sensors, and embedded systems, understanding this exemption can unlock major cash flow benefits in 2025. Texas Code References Texas Tax Code §151.318 – Manufacturing exemption […]
State Property Tax Abatements for Data Centers (Chapter 312)
Introduction In 2025, Texas continues to lead in attracting data centers with property-tax abatements under Chapter 312. For cloud infrastructure, AI compute farms, and hyperscale storage hubs, this incentive can mean millions in local tax savings. If you’re planning or expanding a data center in Texas, here’s how Chapter 312 abatements work—and how to secure […]
Moratorium on Business Personal Property?
Introduction Business owners in Texas may soon see relief from one of the most controversial local taxes—the Business Personal Property (BPP) tax. In 2025, Texas legislators are considering a moratorium or rollback of the BPP tax. For startups, SaaS firms, and manufacturers with high equipment costs, this could mean major savings. Here’s what you need […]
Texas Comptroller Audits: Top SaaS Margin-Tax Adjustments
Introduction Think Texas doesn’t audit tech startups? Think again. The Texas Comptroller is doubling down on Franchise Tax audits, especially for SaaS companies claiming aggressive cost of goods sold (COGS) or compensation deductions under the Margin Tax. If your business is software-based and relies on recurring revenue, here’s what to know about top adjustments made […]
Letter Rulings on SaaS COGS: 2024–2025 Highlights
Introduction Texas SaaS companies hoping to reduce Franchise Tax via Cost of Goods Sold (COGS) deductions need to be extra cautious. The Texas Comptroller issued several key letter rulings in 2024–2025 that clarify—and restrict—COGS eligibility for software businesses. Let’s break down what was allowed, what was denied, and how you can stay compliant in 2025. […]
Penalty Relief Program: How to Request a Waiver Online
Introduction Missed a Texas Franchise Tax deadline? Filed late or made a payment error? Good news: Texas offers a Penalty Relief Program, and in 2025, you can request waivers entirely online. This guide walks you through the process to reduce or eliminate penalties—especially helpful for small businesses, startups, and growing SaaS firms. Texas Code References […]
Military Exemption for Texas Franchise Tax: Do You Qualify?
Introduction Texas offers a powerful incentive for veteran entrepreneurs: a 5-year franchise tax exemption for qualifying new veteran-owned businesses. In 2025, this exemption empowers eligible startups to invest more in growth, not taxes. Tex. Tax Code & Rules Texas Tax Code §171.0005 – Defines new veteran-owned businesses Comptroller Rule 3.574 – Franchise tax relief details […]
Non-Profit Status vs No-Tax-Due: Founder Misconceptions
Introduction Founders often confuse non-profit status with the “no-tax-due” threshold in Texas Franchise Tax. In 2025, assuming your startup pays no tax simply because you’re small—or registered as a non-profit—can lead to costly compliance mistakes. Let’s separate fact from fiction. Key Texas Legal References Texas Tax Code §171.0002(d) – No-tax-due threshold rules Texas Tax Code […]
Public Benefit Corporation in Texas: Same Franchise-Tax?
Introduction Starting a Public Benefit Corporation (PBC) in Texas? You may be surprised to learn that tax-wise, it’s treated just like any for-profit corporation. In this blog, we explore the 2025 franchise tax implications for Texas PBCs and correct the misconception that socially driven businesses pay less. Texas Legal References Texas Business Organizations Code §21.951 […]
Texas Asset-Protection Trust vs. Nevada: Cost & Tax Comparison
Introduction Thinking about protecting your assets in 2025? Texas and Nevada are two of the most discussed states when it comes to domestic asset-protection trusts (DAPTs). While Nevada often leads on precedent, Texas offers unique benefits that might surprise you. This blog compares setup costs, state tax impact, and privacy differences between Texas and Nevada. […]