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 »
Did the 2021 winter storm get you thinking about being better prepared for the next one? If so, make your list now of items you’ll need and be prepared for the Texas Sales Tax Holiday for emergency preparation supplies. The sales tax holiday will run from 12:01 a.m. on Saturday, April 24, 2021, through midnight
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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 »
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 »