How to fill out the Texas Franchise Tax EZ Computation Report? Gather all necessary information including taxpayer number. Fill out the revenue section accurately with whole dollar amounts. Calculate total revenue based on reported income. Review the entries for accuracy before signing.
Tax Rates, Thresholds and Deduction Limits ItemAmount Tax Rate (retail or wholesale) 0.375% Tax Rate (other than retail or wholesale) 0.75% Compensation Deduction Limit $450,000 EZ Computation Total Revenue Threshold $20 million2 more rows
The Texas Franchise Tax Report Form 05-158 is essential for businesses operating in Texas to report their revenues and calculate taxes owed. This comprehensive form aids in ensuring compliance with Texas tax regulations. Completing this form accurately is vital for avoiding penalties and managing tax liabilities.
Tax Rates, Thresholds and Deduction Limits ItemAmount Tax Rate (other than retail or wholesale) 0.975% Compensation Deduction Limit $350,000 EZ Computation Total Revenue Threshold $10 million EZ Computation Rate 0.575%2 more rows
For the 2025 Franchise Tax Report, the no tax due threshold is $2,470,000 and entities whose annualized total revenue from their entire business is less than or equal to that amount are not required to file a No Tax Due Report.
78216 sales tax details The minimum combined 2025 sales tax rate for 78216, Texas is 8.25%. This is the total of state, county, and city sales tax rates. The Texas sales tax rate is currently 6.25%.
While ZipRecruiter is seeing salaries as high as $38.16 and as low as $15.39, the majority of Hourly salaries currently range between $22.55 (25th percentile) to $25.14 (75th percentile) with top earners (90th percentile) making annually in San Antonio.