Texas Comptroller
comptroller.texas.gov › forms › hb3calc.pdf
Franchise Tax Calculation
To expedite the processing of your tax returns, please file electronically or use our preprinted forms whenever possible.
Globalfy
globalfy.com › home › how does the texas franchise tax work?
How does the Texas franchise tax work? - Globalfy
August 18, 2023 - So if your business is below this, you won’t have to worry about paying the Texas franchise tax. In Texas, calculations are done like this: revenue minus the cost of goods sold, multiplied by the tax rate.
Are there any fees or penalties if I don’t file my Texas annual franchise tax report?
Franchise tax reports and payments are due by May 15 each year. If you don’t file or you file after the deadline, your company could be subject to:
- Late fee: $50 penalty per report filed
- Franchise tax paid 1 to 30 days after May 15: 5% penalty on tax due
- Franchise tax paid over 30 days after May 15: 10% penalty on tax due
- Forfeiture of your company’s right to do business as an LLC or corporation in Texas
zenbusiness.com
zenbusiness.com › zenbusiness products › annual reports › texas annual franchise tax report
Texas Annual Franchise Tax Report Filing Requirements | ZenBusiness
How much does it cost to file my Texas annual report?
There’s no filing fee, but online tax payments are charged a $1 service fee.
zenbusiness.com
zenbusiness.com › zenbusiness products › annual reports › texas annual franchise tax report
Texas Annual Franchise Tax Report Filing Requirements | ZenBusiness
How to use the Self Employment Tax Calculator
This tool uses the latest information provided by the IRS including changes due to tax reform and is current and valid for tax year 2025 taxes. Gather your tax documents including W-2s, 1099s, and other income and expense statements to complete the information. Click on each question in the drop down menu and type in your answer. Explanations for each question are provided below in the chart. If you have questions about your tax return a Tax Pro can help.
jacksonhewitt.com
jacksonhewitt.com › home › tax tools › tax refund calculators › self-employment tax calculator
Self-Employment Tax Calculator 2025 | 1099 Tax Calculator – Jackson ...
Videos
How To Calculate Texas Franchise Tax? - CountyOffice.org
How To Calculate Franchise Tax In Texas? - CountyOffice.org
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4 Methods of calculating Texas Franchise Tax on your business - ...
How Is Texas Franchise Tax Calculated? - CountyOffice.org
03:10
What Is Franchise Tax Texas? - CountyOffice.org - YouTube
How Much Is the Texas Franchise Tax? - CountyOffice.org
Federation of Tax Administrators
taxadmin.org › wp-content › uploads › resources › 21rev_est › reynolds.pdf pdf
The Texas Franchise Tax
79th Legislature, 3rd Called Session (2006) One percent of a firm’s Texas-apportioned “margin,” defined as · total revenue less the greater of the cost of goods sold, total compensation, or 30% of total revenue; a half- rate of 0.5% applies to businesses in retail and wholesale trade ...
LLC Sole Proprietor in Texas, dissolved for not paying Franchise Tax - But should it have been?
Had you filed your Texas Franchise tax return on time you would not have had to pay anything (I am assuming you made less than $1M). Since you are late it will cost $50. However, its pretty unclear why you thought forming an LLC was even worth your time. Regardless, once you do form one you have to conform to the laws regarding operating one. https://comptroller.texas.gov/taxes/publications/98-806.php More on reddit.com
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August 3, 2022Texas Franchise Tax Owed
You need to file a Texas public information report each year. Also you should file a no tax due franchise form. Texas should have sent you a notice in Nov/December More on reddit.com
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June 18, 2022Need help requesting Tax Clearance Letter for Reinstatement in Texas (Problem with Franchise Tax)
We’ve had this come up with clients, and generally get the best results by calling the state directly. Someone will be able to tell you what’s missing and will let you fax it in. Could it be that you’re missing your Public Information Report? More on reddit.com
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April 1, 2024Franchise Tax (Texas) question.
Yes you will need to file a franchise tax report every year to keep your LLC in good standing. As long as your gross revenue is less than $1,180,000 you don't have to pay. You should have received a letter in the mail from the comptroller with a web file # on it which you will need to file online. If you don't have the letter you can call the comptroller to request another one. This year franchise taxes are due June 15th because of the snowpocalypse disaster declaration, but they're usually due May 15th. More on reddit.com
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November 13, 2020ZenBusiness
zenbusiness.com › zenbusiness products › annual reports › texas annual franchise tax report
Texas Annual Franchise Tax Report Filing Requirements | ZenBusiness
August 28, 2025 - This one-page, four-step interactive PDF walks you through how to work out any tax due. In order to calculate your Texas franchise tax, you’ll need some company financial data on hand, including the following annualized numbers:
Jacksonhewitt
jacksonhewitt.com › home › tax tools › tax refund calculators › self-employment tax calculator
Self-Employment Tax Calculator 2025 | 1099 Tax Calculator – Jackson Hewitt
Use this Self-Employment Tax Calculator to estimate your tax bill or refund. This tool uses the latest information from the IRS, including annual changes.
State
window.state.tx.us › taxinfo › franchise › calculator
franchise tax calculator
Franchise tax rates, thresholds and deduction limits vary by report year. Use the rate that corresponds to the year for which you are filing. Tax Rates, Thresholds and Deduction Limits for Prior Years · Before getting a Certificate of Account Status to terminate, convert, merge or withdraw registration with the Texas Secretary of State:
Texas Comptroller
comptroller.texas.gov › taxes › franchise
Franchise Tax
Franchise tax rates, thresholds and deduction limits vary by report year. Use the rate that corresponds to the year for which you are filing. Tax Rates, Thresholds and Deduction Limits for Prior Years · Before getting a Certificate of Account Status to terminate, convert, merge or withdraw registration with the Texas Secretary of State:
David French CPA
davidfrenchcpa.com › home › texas franchise tax calculator
Texas Franchise Tax Calculator | David French Austin CPA
August 29, 2024 - Use this free tool to instantly calculate your company's Texas Franchise Tax estimates using all five calculation methods.
Reidellawfirm
reidellawfirm.com › how-to-calculate-texas-franchises-taxes
How to Calculate Texas franchises taxes? – Reidel Law Firm – Texas Based, Global Reach
July 16, 2023 - Understanding the specifics of the Texas Franchise Tax can be complex. The tax is calculated using the taxable margins of a business, which is the entity’s total revenue minus certain allowable deductions. These deductions can include cost of goods sold, employee salaries, and certain other ...
Tax Foundation
taxfoundation.org › home › 2026 state tax competitiveness index
2026 State Tax Competitiveness Index: Interactive Tool
October 30, 2025 - The State Tax Competitiveness Index compares each state on more than 150 variables in the five major areas of taxation (corporate taxes, individual income taxes, sales and excise taxes, property and wealth taxes, and unemployment insurance taxes and then adds the results to yield a final, overall ranking.
Houston
houston.tax › blog › franchise-tax-rate-texas-for-2025-houstondottax-blog
Franchise Tax Rate Texas for 2025 | HoustonDotTax Blog
November 1, 2025 - Business owners should check if they are eligible for an exemption to avoid paying unnecessary taxes. ... The calculation of Texas Franchise Tax depends on the business's gross receipts or revenue, with the taxable margin being the key factor ...
Ttara
ttara.org › wp-content › uploads › 2018 › 11 › FranchiseTaxReport_Final.pdf pdf
Texas Franchise Tax
Under federal law, income-based taxes, such as the Texas franchise tax, must fairly reflect the activity of the business · in a state. Texas, like many states, uses a mathematical formula based on a single factor—receipts—to apportion a · company’s tax base to the state. The percentage of a taxpayer’s receipts from business in Texas relative to its entire · business is applied to its calculated margin to determine the amount that is taxable.
Texas Comptroller
comptroller.texas.gov › taxes › publications › 98-806.php
Franchise Tax Overview
Franchise tax is based on a taxable entity’s margin. Unless a taxable entity qualifies and chooses to file using the EZ computation, the tax base is the taxable entity’s margin and is computed in one of the following ways:
IRS
irs.gov › businesses › business-taxes
Business taxes | Internal Revenue Service
The form of business you operate determines what taxes you must pay and how you pay them.
Avalara
avalara.com › blog › en › north-america › 2023 › 08 › what-is-texas-franchise-tax.html
What is Texas franchise tax?
March 24, 2025 - The two taxes are structurally different. Furthermore, Texas franchise tax is a statewide tax and there are no local franchise taxes. There’s a statewide sales tax too — the base state sales tax rate in Texas is 6.25% — but most jurisdictions add a local sales tax and/or a special district sales tax.
Ansari Tax
ansaritax.com › home › how to calculate texas franchise tax
How to Calculate Texas Franchise Tax — Ansari Law Firm
July 25, 2025 - However, this form does not allow deductions for the cost of goods sold, compensation, or certain credits. EZ Computation Rate: 0.331% of revenue apportioned to Texas. The tax rate varies depending on the type of business: Retail and Wholesale Businesses: taxed at 0.375%. All Other Businesses: ...
Harborcompliance
harborcompliance.com › information center & license library › corporate income and privilege tax registration › complete guide to texas franchise tax
Complete Guide to Texas Franchise Tax | Harbor Compliance | www.harborcompliance.com
Ideally, you should opt for this tax calculation method if your total annual revenue is $20 million or less and you own: A passive entity that earns through passive sources, such as investments, royalties, rents, or interest. A Real Estate Investment Trust (REIT). A taxable entity with zero Texas gross receipts. In other cases, the franchise tax is calculated on the margin of taxable entities in one of the following four ways:
Skylinefinancialcpa
skylinefinancialcpa.com › blogs › how-to-calculate-texas-franchise-tax-using-the-ez-computation
Calculate Texas Franchise Tax with EZ Computation — Skyline Financial Management
August 14, 2025 - That gives you the capital number you’ll need for the EZ Computation. If your business operates solely in Texas, apportionment is 100%. You’ll need to calculate the Texas portion of your total revenue if you operate across multiple states.
U.S. Small Business Administration
sba.gov › business-guide › plan-your-business › calculate-your-startup-costs
Calculate your startup costs | U.S. Small Business Administration
Buying major equipment, hiring a logo designer, and paying for permits, licenses, and fees are generally considered to be one-time expenses. You can typically deduct one-time expenses for tax purposes, which can save you money on the amount of taxes you’ll owe.
CA
ftb.ca.gov
Franchise Tax Board Homepage | FTB.ca.gov
Subscribe for updates, tips, and important reminders to help you stay on top of your taxes. Subscribe ... This link will take you to an external website that FTB does not own or control. We are not responsible for the privacy practices or content of the external site. If you proceed, you are subject to the privacy practices of the new site. ... This Google™ translation feature, provided on the Franchise Tax Board (FTB) website, is for general information only.