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Tag: Texas business compliance
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 Franchise Tax: Who Needs to Pay & How to File
Introduction Texas does not have a state income tax, but it does impose a franchise tax on businesses. The Texas Franchise Tax is a gross receipts tax applied to businesses earning over a certain threshold. This tax helps fund state services, infrastructure, and education. This guide explains who must pay Texas Franchise Tax, how to […]