Acting Kelly Hancock today announced an immediate update to the agency’s interpretation of Texas franchise tax depreciation rules, allowing Texas businesses to take advantage of bonus ...

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Are you looking to start a business in the Lone Star State? Forming an LLC in Texas can be a great choice for entrepreneurs, offering numerous advantages such as limited liability protection, tax ...

As noted in a prior post, the Texas franchise tax is a tax imposed on any “taxable entity” that does business in Texas or that is chartered or organized in Texas. [1] This begs the question – “Which ...

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In my most recent blog post, I finished going through the process for computing a taxable entity’s Texas Franchise Tax responsibility. That post can be found here. However, at the end of that post, I ...

Almost no one likes the Texas franchise tax — for good reason. The tax is what is called a margins tax, owing to a 2007 reform that made the tax more complex, less efficient and more unfair. The ...

DALLAS - Texas residents can expect significant changes to state tax regulations on New Year's Day. Starting Jan. 1, 2025, changes driven by Senate Bill 2 aim to ease homeowners' property tax burdens ...