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Tag: Form 941
S-Corp vs LLC in Texas
Choosing between an LLC and an S-Corporation in Texas? While both can limit liability and offer pass-through taxation, they differ greatly in how the Texas Franchise Tax (margin tax) and federal payroll taxes apply. Here’s how to decide what’s best for your business in 2025. LLC vs S-Corp: Federal Classification At the federal level: A […]
Texas C-Corp Payroll Setup: Withholding & FUTA Checklist
Texas C-Corp Payroll Setup Establishing payroll for your Texas C-Corporation requires careful setup of federal and state withholding, as well as compliance with the Federal Unemployment Tax Act (FUTA). A correct payroll system ensures timely deposits, accurate reporting, and avoidance of penalties. Relevant Tax & Code References IRC §3402 (Requirement to Withhold Income Tax on […]