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Tag: Texas Businesses
Reinstating a Voided Texas Corporation: Tax Clearance Steps
Reinstating a Voided Texas Corporation Texas corporations that have been voided for failing to meet state requirements, such as filing franchise tax reports or maintaining a registered agent, face significant hurdles to reinstatement, including tax clearance obligations. Inexperienced advisors may overlook critical steps, leading to delays, penalties, or permanent dissolution. Are you prepared to reinstate […]
1099 vs W-2 in Texas: Worker-Classification Penalties
Introduction Texas business owners hiring workers must navigate the critical distinction between independent contractors (1099) and employees (W-2), as misclassification can trigger significant federal and state penalties, inflating tax liabilities and disrupting operations. Inexperienced advisors may misinterpret worker status criteria, leading to costly audits or missed tax benefits. Are you classifying your Texas workers correctly […]
Texas Minimum Wage & Payroll Tax Updates 2025
Introduction Texas business owners face evolving payroll obligations, particularly with federal and state tax updates, even as the state’s minimum wage remains static. Inexperienced advisors may overlook changes in federal payroll taxes or misapply Texas unemployment tax rates, leading to compliance penalties or missed savings. Are you aligning your payroll practices with the latest Texas […]