As a business owner, you have a lot on your plate. From managing day-to-day operations to keeping up with the latest changes in your industry, it can be tough to find time for everything. That’s why it’s important to find a trusted partner to help you with your franchise tax preparation. At Molen & Associates, we have more than 40 years of experience helping businesses in Houston, Texas stay compliant with all the latest tax laws. One of the commonly missed compliance laws we see missed is not filing franchise tax returns.
What is Franchise Tax?
Franchise tax is a tax levied by the state of Texas on each LLC that is formed in the state. The amount of the tax is based on the total amount of income that the LLC earns in a calendar year. All LLCs are required to pay this tax every year, regardless of whether or not they are making a profit.
Why You Need a Franchise Tax Consultant
While most business owners are familiar with federal income taxes, many are not familiar with state taxes like the franchise tax. This is particularly true for LLCs, which are taxed differently than other types of businesses. That’s where we come in. At Molen & Associates, we help business owners navigate the complexities of the franchise tax so you can focus on running your business. We understand all the ins and outs of the franchise tax and can help you minimize your liability while still staying compliant with all applicable laws. In addition, we offer a variety of other services designed to help businesses prosper, including bookkeeping, financial statement preparation, as well as tax planning and preparation.
Don’t let the complexity of the franchise tax discourage you from starting your own LLC in Houston, Texas. Instead, partner with Molen & Associates to ensure that your franchise tax return is filed accurately and timely. We’ll take care of everything for you so you can focus on what’s really important: running your business. Contact us today to learn more about our services or to schedule a consultation. If you are a new business or are new to Molen & Associates, call us at 281-440-6279 to schedule a complimentary “Needs Analysis” with one of our account managers.
