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What Is the Texas Margins Tax & Who Has to Pay It?
Introduction The Texas Margins Tax, commonly known as the Texas Franchise Tax, is a gross receipts tax applied to businesses operating in Texas. Unlike a traditional income tax, the margins tax is based on a business’s total revenue, with deductions allowed for specific expenses. This guide explains who must pay the tax, how it’s calculated, […]
How to Claim the Texas R&D Tax Credit for Businesses
Introduction The Texas Research & Development (R&D) Tax Credit offers businesses an opportunity to reduce their tax liability by investing in innovation, product development, and technological advancements. This incentive helps companies lower their franchise tax or qualify for a sales tax exemption on R&D-related purchases. This guide explains who qualifies, how to calculate the credit, […]