Texas businesses face franchise, sales and unemployment tax deadlines on fixed dates. Here is the calendar, and how to avoid a tax bill that arrives with no cash behind it.
Apply Now →| Tax | Timing |
|---|---|
| Franchise tax | The annual report is due May 15, or the next business day if that falls on a weekend or holiday. Businesses at or below the no-tax-due threshold still file a Public Information Report or Ownership Report. |
| Sales and use tax | Filers are told by letter whether they file monthly or quarterly. A timely filer discount of 0.5 percent applies. The maximum combined state and local rate is 8.25 percent. |
| Unemployment tax | Quarterly wage reports and taxes are due by the last day of the month after quarter end. |
Confirm your own dates and obligations with the Texas Comptroller, the Texas Workforce Commission or an accountant. This is general information, not tax advice.
Sales tax is collected from customers during the month and paid later. If that money has been used for rent, payroll or supplies, the bill arrives with nothing set aside. The same happens when a good spring is spent before the May franchise report arrives. The tax is rarely forgotten; the money collected for it is simply treated as operating cash until the deadline gets close.
The account does not need to be large. It just needs to be separate, because money that sits in the operating account tends to get spent.
Filing and paying on time has direct value. The sales-tax timely-filer discount is a small reward, but a missed deadline can carry penalties and interest, so check with the agency what applies to you. If the bill is larger than you can pay, contact the agency early and ask what arrangements exist, rather than waiting for a notice. Compare any funding cost against the cost of being late before you decide.
For illustration, an invented shop that collected $10,000 in sales tax but spent half on inventory would face a $5,000 hole on filing day. These are round numbers, not our terms.
An accountant can also tell you whether a funding decision makes sense for the amount involved, and whether the cost of financing a tax bill is lower than the cost of paying it late.
We fund $25,000 to $5,000,000, with funding in as little as 24 hours. The application takes about five minutes with a soft credit pull, and sole proprietors can apply. The range starts at $25,000, so smaller tax bills may need another approach. When you are ready, start your application.
May 15, or the next business day if it falls on a weekend or holiday.
Businesses at or below the no-tax-due threshold still file a Public Information Report or Ownership Report.
The Comptroller tells filers by letter.
Yes. The timely-filer discount is 0.5 percent.
Yes.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
