Federal tax preparation, bookkeeping, and franchise tax compliance for Texas businesses and individuals.
Texas filing deadline: No state return required. Texas has no state income tax but has a franchise (margin) tax for businesses.
No income tax — but franchise tax applies to businesses over $2.47M revenue.
Services in Texas: Tax Preparation, Bookkeeping, Payroll, Tax Planning.
What is the Texas Franchise Tax? Texas imposes a franchise (margin) tax on entities with revenue over $2.47 million. Rates are 0.375% for retail/wholesale and 0.75% for other businesses, based on total revenue minus cost of goods or compensation.
Does Texas tax property heavily? Yes — with no income tax, Texas relies on property taxes, which average around 1.6-1.8% of assessed value, among the highest nationally. Strategic property tax protests can save significantly.
Is moving to Texas from a high-tax state worth it? Texas's zero income tax can save high earners 10%+ compared to states like California or New York. However, higher property taxes and franchise tax for businesses must be factored in.
Franchise (margin) tax compliance for Texas businesses exceeding the $2.47M threshold
High property tax impact analysis — Texas averages 1.6-1.8% of assessed value
Relocation planning for high-income individuals moving to Texas from taxed states
Energy, tech, and healthcare industry tax expertise for Texas's diverse economy