Texas State Comptroller's Office Makes Changes in Texas Franchise Tax Law

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Tax Specialists, Traders Accounting, Helps Clients Prepare For New Texas Franchise Tax Instructions

The changes made to the Texas franchise tax instructions can be very cumbersome due to the different tax rates now being charged and which rate companies need to pay

Traders Accounting, the leader in business consulting and tax planning services for day traders, is helping Texas business owners understand the changes in the Texas franchise tax law. The Texas state comptroller's office provides franchise tax forms which are accessible through their website.

According to the Texas state comptroller's office, "the Texas franchise tax is a privilege tax imposed on each taxable entity chartered/organized in Texas or doing business in Texas." Each entity will have a tax rate between 0.5% and 1% depending on the criteria listed in the new Texas franchise tax instructions.

"The changes made to the Texas franchise tax instructions can be very cumbersome due to the different tax rates now being charged and which rate companies need to pay," said Jim Crimmins from Traders Accounting. "We at Traders want to help the Texas state comptroller's office and ensure business owners understand what is now required of them."

Traders Accounting is assisting business owners to understand the changes in the Texas franchise tax law through one-on-one consultations available to help with their accounting needs. The company specializes in business needs including tax planning and business consulting.

About Traders Accounting:
Traders Accounting has been offering business consulting and day trading advice for over eight years nationwide. The Traders Accounting business consultants are knowledgeable with the changes in Texas franchise law and can help business owners understand how this will affect their business. Their knowledge and experience has helped them become an industry leader recommending advice on tax planning for day traders. For more information visit http://www.TradersAccounting.com.

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Jay Berkowitz
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