If you own a business in Texas, be aware that the state sales tax on most of the goods sold, as well as many of the services rendered, is 6.25 percent. You have to file a sales tax by the twentieth day of the month following a transaction. So if you sell a pair of $100 boots to someone on the Fourth of July, you have until August 20 to file the sales tax of $6.25.
Things You'll Need
- Financial records
- Sales tax filing forms
- Large envelope with postage
- Computer with Internet connection
Calculate how much money you owe the state of Texas in sales taxes---6.25 percent of the money your customers paid you for all the goods you sold the previous month. Make sure you complete these calculations before the twentieth of the month.
Get a sales tax filing form from your local city hall and fill it out. Mail it back to the state at the address provided. Or you might choose to file your sales taxes online; if so, see the next steps.
Register with MyCPA at mycpa.cpa.state.tx.us/securitymp1portal/start.do to file your sales taxes electronically. To register, simply set up an account by entering a user identification name, a password and a profile. The profile will ask you for your name and phone number. Now you can log in to the program.
Log in to MyCPA and enter the 11-digit code for your tax account. This code appears on the tax returns that the state sends you in the mail. Once here, you can enter all of your banking information and the amount of money you owe the state in sales taxes so that the state of Texas can obtain this money from your bank account. Filing your sales taxes online is much faster and more convenient than going through the post office.
- Photo Credit flag image by jimcox40 from Fotolia.com
How to File Sales Tax Returns
If your business is registered with your local tax authority and you have collected sales tax to meet your state regulations, you...
How to File State Sales Taxes
Each state's laws are different regarding sales taxes. Differences range from percentage of sales tax charged to which industries are exempt from...
How to Report Sales Tax
Sales tax is the tax paid on retail sales, collected by a business owner or entity. When a business collects sales tax,...
How to File a Short Year Texas Franchise Tax Return
Texas businesses organized as a corporation, partnership, limited liability companies and other professionally organized entities are subject to the Texas franchise tax....
What Is the LLC Tax in Texas?
A Texas limited liability company is subject to a franchise tax, as is every taxable business entity organized or chartered in Texas...