Annual franchise tax reports are normally due May 15, moving to the next business day when required.
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Texas tax & bookkeeping resources
Practical resources for better books, tax filings and Texas compliance.
Use this hub to find current Texas tax references, common federal business forms, bookkeeping definitions and in-depth guides. The goal is simple: understand what applies, what records support it and where to verify the rule before you file.
In-depth guides10 approved topicsCurrent reviewOctober 2026Primary sourcesIRS + Texas Comptroller
Choose a starting point
Find the resource that matches the question in front of you.
Bookkeeping, federal tax preparation and Texas state compliance are connected by the same records, but they are not the same obligation. These paths keep each topic clear.
01 · RecordsBookkeeping & accounting
Core terms and guides for current, catch-up and cleanup bookkeeping.
→ 02 · TexasFranchise taxThresholds, annual filing, PIR/OIR and the records behind the report.
→ 03 · TexasSales & use taxRates, permits, filing frequencies, taxable sales and reconciliation.
→ 04 · FederalBusiness tax formsCommon return, payroll and information forms used by U.S. businesses.
→Key filing rhythms
Keep the recurring deadlines visible before they become urgent.
These are general filing rhythms for common calendar-year business obligations. Entity type, filing frequency, extensions, weekends, holidays and special relief can change the exact due date.
Monthly returns are due the following month; quarterly filers use Apr. 20, Jul. 20, Oct. 20 and Jan. 20, and yearly filers generally use Jan. 20.
Form 1065 is generally due on the 15th day of the third month after the partnership tax year ends.
Form 1120-S generally follows the same 15th-day-of-the-third-month timing.
Form 1120 is generally due on the 15th day of the fourth month after the corporation tax year ends.
Always verify the exact date for the filing year and account. See the IRS Tax Calendar and the Texas Comptroller due-date calendar.
Common federal business tax forms
Know what the form is for before you start assembling the file.
The return a business files depends on its federal tax classification, payroll activity and transactions. This quick reference is not a substitute for determining the correct filing requirement for a specific entity.
1065U.S. Return of Partnership Income↗
Used by partnerships to report income, deductions, gains, losses and partner information.
1120-SU.S. Income Tax Return for an S Corporation↗Used by corporations with a valid S corporation election.
1120U.S. Corporation Income Tax Return↗Used by many C corporations to report federal income tax information.
941Employer's Quarterly Federal Tax Return↗Reports federal income tax withholding and Social Security and Medicare taxes for many employers.
940Employer's Annual Federal Unemployment Tax Return↗Used to report annual FUTA tax when the employer is subject to it.
W-2Wage and Tax Statement↗Reports wages and withholding for employees and is filed with the Social Security Administration.
1099-NECNonemployee Compensation↗Used for certain reportable nonemployee compensation payments.
7004Extension of Time to File Certain Business Returns↗Used to request an automatic extension for many eligible business income tax returns.
Texas quick reference
Two state tax systems. Different triggers, reports and calculations.
Franchise tax and sales and use tax can both depend on the accounting records, but one filing does not replace the other.
Annual entity-level compliance.
- No Tax Due Threshold$2.65 million
- Retail / wholesale rate0.375%
- Other taxable entities0.75%
- EZ Computation limit / rate$20M / 0.331%
- Normal annual due dateMay 15
- Below thresholdNo franchise tax report; PIR/OIR generally still required
Transaction-level collection and reporting.
- State rate6.25%
- Maximum local addition2%
- Maximum combined rate8.25%
- Filing frequencyMonthly, quarterly or yearly
- Normal due date20th after reporting period
- Core record issueTaxable sales, exemptions, marketplace activity and tax collected
Accounting & tax glossary
Plain-English definitions for the terms that affect the work.
This glossary stays on one useful page rather than creating a thin URL for every term. Definitions are intentionally practical and should be read in the context of the business and filing involved.
Comparing the accounting balance with an outside source—such as a bank or credit-card statement—and resolving the differences.
The structured list of asset, liability, equity, revenue and expense accounts used to classify transactions in the books.
An accounting method that generally records revenue when earned and expenses when incurred, rather than only when cash moves.
Sales included in the portion of Texas sales activity that is subject to sales and use tax after applying the relevant rules and exemptions.
A complementary Texas tax that can apply when taxable items are bought without the full Texas sales tax and are used, stored or consumed in Texas.
A connection with a state that can create a tax registration, collection or filing obligation under the rules for that tax.
Texas franchise-tax information reports used for different entity types: the Public Information Report and Ownership Information Report.
Catch-up completes missing periods; cleanup corrects records that already exist but cannot yet be relied on.
In-depth guides
Ten focused resources for the questions Texas business owners actually ask.
Each guide has one dominant intent, links back to the relevant service when appropriate and uses official sources for tax rules that can change.
Texas Franchise & Business Tax
Texas Franchise Tax 2027: Threshold, Due Date and Filing Requirements
Threshold, rates, PIR/OIR requirements, EZ Computation and annual filing basics for the 2027 report year.
Read guide → Texas Sales TaxTexas Sales Tax Guide for Small Businesses: Rates, Permits and Filing
A practical overview of permits, rates, filing frequency, online sales, marketplaces and use tax.
Read guide → Bookkeeping & Financial RecordsCatch-Up vs. Cleanup Bookkeeping: Which Does Your Business Need?
Use the condition of the records to determine whether periods are missing, records are unreliable or both.
Read guide → Bookkeeping & Financial RecordsHow Much Do Bookkeeping Services Cost in Texas? 2026 Pricing Guide
Understand the factors that change bookkeeping scope and cost before comparing providers or proposals.
Read guide → Texas Franchise & Business TaxDoes an LLC Have to Pay Franchise Tax in Texas? 2026–2027 Guide
How entity status, revenue thresholds and information reports affect Texas LLC franchise-tax compliance.
Read guide → Texas Sales TaxWhat Services Are Taxable in Texas? 2026 Guide
See how Texas treats taxable service categories and why the actual nature of the service matters.
Read guide → Texas Sales TaxTexas Sales Tax Permit: Who Needs One and How It Works
Permit triggers, online sellers, marketplace activity and the reporting responsibility that follows registration.
Read guide → Bookkeeping & Financial RecordsHow to Get Your Business Books Ready for Tax Preparation
What should be current, reconciled and supportable before the business tax-preparation process begins.
Read guide → Texas Franchise & Business TaxTexas PIR vs. OIR: What’s the Difference?
Understand which Texas information report generally applies to which entity types and why it still matters below the threshold.
Read guide → Texas Franchise & Business TaxLLC vs. S Corp Taxes in Texas: What Business Owners Should Know
Separate legal entity terminology from federal tax classification and Texas-level obligations.
Read guide →Official source library
When the rule matters, verify it at the source.
Tax thresholds, forms, filing procedures and due dates can change. These official resources should be the final reference for current requirements.
Need more than a reference page?
Turn the question into the right accounting or tax workflow.
If the issue depends on your entity, records or filing history, start with the facts of the business and define the next step from there.