If you haven’t been following the Texas legislature, and I wouldn’t blame you if you haven’t, they just concluded their second called Special Session on July 14, 2023. Special sessions can only be called by the Governor and are limited to topics that the Governor lists in his announcement calling the sesssion. This time the […]
Small business get tax relief in Texas Property Tax Reform Read More »
This is just a quick post to alert everyone who needs to file a Texas Franchise Tax Report that the Texas Comptroller’s webfile eSystem is down, as of 3pm on May 15, 2023. I’ve been trying to access the system for about 4 hours and haven’t been able to log into the system. The Comptroller
Alert – Texas Comptroller’s webfile eSystem is down on May 15,2023 Read More »
So, you’ve filed or extended your federal business returns and now you need to focus on the Texas Franchise Tax Report. This annual report is due on May 15 each year, regardless of when your accounting year ends. Right now, our focus is on the 2023 Texas Franchise Tax Report. This report is generally for
Top Issues For The Texas Franchise Tax Reports Read More »
UPDATE 8/9/2023 – I have updated the dates in this post to apply to the 2023 Tax Year which covers tax years that ended during or on 12/31/2022. If your goal was to create a complicated state tax, you’d probably want to take a look at how Texas has crafted the Texas Franchise Tax as
Do you need a 2nd Texas Franchise Tax Extension? Read More »
The Texas legislature just passed on the morning of April 23, 2021, HB 1195, making the forgiveness of PPP loans non taxable for the Texas Franchise Tax. The bill originated in the House and, initially, only included the Paycheck Protection Program. When it went to the Senate, the bill was amended to specifically include the
Texas makes PPP Forgiveness non taxable for Franchise Tax Read More »
Businesses in Texas will get some extra time to file their Texas Franchise Tax Reports for report year 2021. This is the report that covers calendar year 2020 and fiscal years that ended within 2020. The Texas Comptroller of Public Accounts has automatically extending the due date to June 15, 2021 to be consistent with
Businesses in Texas get extra time to file Franchise Tax Returns Read More »
Towards the end of 2020 the Texas Comptroller updated their website to include a notice that they are changing the annual reminders to file a Franchise Tax Return. I wrote a blog post about these notices back in December and here’s a link to that post. In prior years they mailed a paper reminder to
Watch out for the new Texas Comptroller emailed Tax Return Due Date Reminder Read More »
This is just a quick reminder that the Comptroller has extended the normal deadline for the 2020 Texas Franchise Tax Report. This is the report that covers the calendar year 2019, plus any tax year that ended in 2019. The extended deadline would normally be due on November 15, 2020, but due to the COVID-19
The new Texas Franchise Tax extended deadline Read More »
The Texas Comptroller is changing the way annual reminders to file the Texas Franchise Tax will be delivered for 2021. For years, they have mailed an annual reminder to each Texas Franchise Tax filer with information about the current year’s due dates and this reminder includes the webfile number the taxpayer will use to e-file
Texas Franchise Tax Filers Need To Watch For Emailed Reminders Read More »
UPDATE 8/2/2022 – I’ve created an updated post for the Second Franchise Tax Extensions due on August 15, 2022 for the 2021 report year. You can find it here: Do You Need A 2nd Texas Franchise Tax Extension? UPDATE: The Texas Comptroller has added time to file extended Texas Franchise Tax Reports. If you extended
What you need to know about the Second Texas Franchise Tax Extension Read More »