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Tag: CPA Texas
Texas Business Tax Deadlines and Penalties Every Owner Should Know
Introduction Every Texas business whether an LLC, corporation, or partnership has specific tax filing deadlines and payment obligations that must be met to maintain good standing with the Texas Comptroller of Public Accounts. Missing a due date can result in costly penalties, interest, or forfeiture of business privileges. This guide outlines all important Texas business […]
Legal Ways to Reduce Your Texas Business Taxes
Reduce Your Texas Business Taxes While Texas is known for its no personal income tax, businesses operating in the state are still subject to several other taxes, including the Texas Franchise Tax, sales tax, and property taxes. Fortunately, the Texas Tax Code offers multiple ways for businesses to legally reduce their tax liability through deductions, […]
Texas Franchise Tax Guide: Who Must File And Pay
Introduction The Texas Franchise Tax is one of the state’s primary business taxes and applies to most entities operating in Texas. Even though Texas has no personal or corporate income tax, most business entities are required to file a franchise tax report each year with the Texas Comptroller of Public Accounts. This guide explains who […]
Texas LLC Taxes Explained: Small Business Essentials
Introduction Forming a Limited Liability Company (LLC) in Texas offers small business owners flexibility, limited liability protection, and potential tax advantages. While Texas does not impose a personal income tax, LLCs are still subject to state franchise tax, sales tax, and federal tax obligations depending on their structure. This guide explains how Texas LLC taxes […]
Starting a Business in Texas: Smart Tax-Saving Strategies for you
Introduction Texas continues to be one of the most business-friendly states in the U.S., attracting entrepreneurs with no state income tax, a strong economy, and low regulatory barriers. Whether you’re launching a startup, forming an LLC, or expanding an existing business, understanding Texas tax laws can help you minimize costs and stay compliant from day […]
Texas Sales Tax: What’s Taxable and What’s Not
Texas Sales Tax Texas relies heavily on sales and use tax to fund schools, infrastructure, and public services, making it one of the state’s primary revenue sources. For 2025, the Texas state sales tax rate remains 6.25%, with local jurisdictions cities, counties, and transit authorities allowed to add up to 2%, creating a maximum combined […]
Are Groceries and Essentials Taxable in Texas?
Groceries and Essentials Taxable Texas residents pay sales tax on most retail purchases, but groceries and essential household items are treated differently under state tax laws. While Texas does impose a statewide sales tax rate of 6.25%, many basic food items are exempt when purchased for home consumption. Understanding which products are taxable and which […]
Texas Homestead Exemption: Step-by-Step Qualification Guide
Texas Homestead Exemption If you own and live in your home in Texas, you may be eligible for one of the most valuable forms of property tax relief the Texas Homestead Exemption. This exemption lowers the taxable value of your home, reducing the amount of property taxes you owe each year. In 2025, Texas homeowners […]
Understanding Texas Property Taxes in 2025: A Homeowner’s Guide
Texas Property Taxes in 2025 Texas does not levy a state income tax, but it relies heavily on property taxes to fund local government services such as public schools, infrastructure, and emergency response. For Texas homeowners, understanding how property taxes are calculated, assessed, and reduced through exemptions is crucial for accurate budgeting and compliance. This […]
Are Texas Residents Eligible for Any State Tax Credits
Introduction Texas is one of the few U.S. states that does not impose a personal income tax, meaning residents do not file a state income tax return or claim traditional state-level tax credits. However, Texans can still benefit from federal tax credits, state-specific incentives, and local property or business-related credits that help reduce overall tax […]