Texas franchise tax reporting deadline extended to July 15

Many of you operate businesses based in Texas. We want to make sure you are aware that the Texas franchise tax return and related payment due date has been changed from May 15, 2020 to July 15, 2020.

The extension is automatic, so nothing needs to be filed to take advantage of the change.

More detail on the extension is available from the Texas Comptroller of Public Accounts. A list of Texas Comptroller phone numbers may be found here. For more information on the Texas franchise tax, go here.

Texas Workforce Commission Update

Due to COVID-19, the due date for first-quarter 2020 tax reports and payments is extended to May 15, 2020. Reports should not be filed before April 16.

Call Sol Schwartz & Associates at 210.384.8000 if you need help. From New Braunfels to Boerne, Kerrville to Corpus Christi, or anywhere else you find yourself, we’re ready to help.