All Texas Corporations, LLCs, LPs, and LLPs must file an Annual Franchise Tax Reports. These reports must be submitted to the Texas Comptroller of Public Accounts each year.
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No matter which form you file, your Texas Franchise Tax Report is due May 15th each year. Texas will assess a $50 penalty fee for all reports filed late. If your tax payment is 1 – 30 days late, you’ll be charged 5% of your total tax due. If your tax payment is over 30 days late, you’ll be charged an additional 10% of your total tax due.
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 A list of information we’ll need:
Business taxpayer number.
Reporting year
Business name and address.
Webfile number
North American Industry Classification System (NAICS) code - used by the US to classify businesses by their industry.
Total revenue for the previous fiscal year.
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**FAILURE TO PAY YOUR FRANCHISE TAX MIGHT RESULT IN IMPLICATIONS THAT COULD JEOPARDIZE YOUR ENTIRE FIRM, SO IT'S CRITICAL THAT YOU REMAIN ON TOP OF ANY TAX YOU OWE. IF YOU DON'T PAY YOUR TAXES, YOUR LLC/CORP PROTECTIONS AS AN LLC/CORP WILL BE TERMINATED. IF YOU HAVE NEVER FILED, WE CAN FILE FOR PREVIOUS YEARS**
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ALL HOPE IS NOT LOST WE WILL HELP YOU FILE, IT IS OUR DUTY!! WE LOVE SMALL BUSINESSES
Frequently Asked Questions
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I will help you determine if you need to file a No Tax Due or Long Form Report