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.
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.
Run a small business in Texas?
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