Do I Have To Pay Franchise Tax? Unlike state income taxes, franchise taxes are not based on a corporation’s profit. A business entity must file and pay the franchise tax regardless of whether it makes a profit in any given year. Why am I getting a franchise tax? A franchise tax is charged to some
Do You Get Health Insurance If You Own A Restaurant? Restaurant owners, like owners of other businesses, are not required by state or federal laws to pay for benefits for their employees and that includes health insurance. What is the self-employed health insurance deduction? In a nutshell, the self-employed health insurance deduction allows eligible self-employed
What Is The Texas Franchise Tax Threshold For 2020? 2020 Rates, Thresholds, & Deduction Limits Item Amount No Tax Due Threshold$1,180,000 Tax Rate (retail or wholesale) 0.375% Tax Rate (other than retail or wholesale) 0.75% What is the income threshold for Texas franchise tax? Item Amount Tax Rate (retail or wholesale) 0.375% Tax Rate (other