Let's Talk Business Series - Filing Requirements and Sales Tax Compliance

Event description

This IN-PERSON workshop, presented by the Texas Comptroller of Public Accounts, will provide information on sales tax requirements.

About the Series – Organized by the SBA Lower Rio Grande Valley District Office
Introducing the “Let's Talk Business Series,” a 12-part program that connects entrepreneurs with federal, state, and local small business resources. Whether you're a budding entrepreneur or looking to grow your business, this series covers essential business topics, provides a forum for networking, and promotes success in today’s dynamic business environment. Participants may attend one, two, six, or all sessions.

Session 4 – Filing Requirements and Sales Tax Compliance

Whether you are selling handmade crafts online, opening a boutique, starting a food truck business, selling at vendor events, or providing a service, an essential step in starting your business is obtaining a sales tax permit. Doing business in Texas and selling taxable services requires you to collect and remit sales tax. A state tax ID number is tied directly to your business, enabling you to pay state taxes and ensuring compliance, which protects your business from unnecessary risk. Texas imposes a 6.25 percent state sales or use tax on all retail sales, leases, and rentals of most goods and taxable services.

This session, presented by the Texas Comptroller of Public Accounts, will provide information on the importance of business registration and the filing requirements for starting a business.

Discover and Learn:

• Your responsibilities as a taxpayer, and if you are required to file
• Seller and Purchaser responsibilities, collection and remittance of tax & reporting periods
• Records requirements and how to keep accurate records
• Resale and Exemption certificates, the use of each, and how to complete the form
• What to do if you close your business

For more info, contact Veronica Z. Ortega, Economic Development Specialist at 956-427-8535 or veronica.ortega@sba.gov.

About the Texas State Comptroller of Public Accounts:

As chief financial officer, the Comptroller’s office collects taxes and fees owed to the state. Taxpayers rely on it for assistance and guidance on complying with tax laws. All Texas residents depend on the Comptroller’s office to safeguard their tax dollars and ensure they are handled wisely. The Comptroller’s office is also the state’s purchasing manager, awarding and managing hundreds of statewide contracts on behalf of more than 200 state agencies and 1,750 cooperative purchasing members. The agency is committed to cultivating a healthy economic environment in Texas by providing a variety of services to business owners, taxpayers, local officials, HUBs, and everyday Texans.

The Informational Workshops have been organized by the SBA for the community. The SBA’s participation is not an endorsement of any opinion, product or service of the organizations in attendance.

SBA programs and services are provided on a nondiscriminatory basis. Reasonable arrangements for persons with disabilities will be made, if requested at least two weeks in advance.