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Rubric Financial

Statewide

TexasAccounting, Tax & Fractional CFO

Texas has no personal or corporate income tax, but the Texas Franchise Tax (a gross-margin tax) catches many small business owners by surprise. Rubric Financial supports Texas small businesses with federal tax, Texas-specific compliance, multi-state nexus, and partner-led accounting.

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What's Different About Texas

Local context that affects your books and tax

  • No Texas personal income tax — but federal tax (including self-employment, capital gains, and equity comp) still applies fully
  • Texas Franchise Tax (margins tax): owed by most entities with Texas activity once revenue exceeds the no-tax-due threshold (~$2.47M in 2024); rates 0.375% (retail/wholesale) or 0.75% (other) on taxable margin
  • Texas sales tax: economic nexus threshold of $500,000; SaaS is taxable; many services are taxable that are exempt in other states
  • Texas requires a registered agent and Public Information Report (PIR) annually — separate from franchise tax filing
  • Common: relocated owners from CA/NY who still owe their prior-state tax on income sourced there
  • Property tax is high in Texas — for real estate investors and businesses owning real property, factor heavily into cash flow planning

Industries we work with in Texas

  • Oil, gas, and energy services
  • Real estate investment and development
  • Restaurants and hospitality
  • Construction and trades
  • Professional services
  • E-commerce and DTC brands

See our industry pages for service-specific detail.

Nearby locations

Keep reading

Guide

When Does a Small Business Need a Fractional CFO?

Bookkeepers record. Accountants close and report. CPAs file. None of them help you make the next decision. That's what a CFO does.

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Owner Compensation: Salary, Distribution, and Profit Sharing

How owner-operators should pay themselves — salary vs. distribution split, reasonable comp, retirement contributions, and how it all interacts with tax.

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5 Bookkeeping Mistakes That Trigger IRS Audits

Most IRS audits start from patterns in the books, not random selection. Here are the five bookkeeping mistakes most likely to put you on the audit list.

Run a small business in Texas?

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