| These are challenging times for businesses all over the nation. The Texas Comptroller’s office knows that during periods of economic hardship, paying or remitting taxes and fees on time can feel like an extra burden when there’s so much uncertainty. We’re thankful to those businesses that were able to remit state and local sales taxes they collected from customers in February on the March 20, 2020, due date.
We understand that virtually all of our taxpayers are doing their best to remain in compliance and be responsible in submitting the taxes they collected from their customers. With that in mind, our agency is here to offer assistance to those businesses that are struggling to pay the full amount of sales taxes they collected in February. For businesses that find themselves in this situation, our agency is offering assistance in the form of short-term payment agreements and, in most instances, waivers of penalties and interest. We ask that you contact our Enforcement Hotline at 800-252-8880 to learn about your options for remaining in compliance and avoiding interest and late fees on taxes due. In addition, we have a variety of online tools for businesses seeking assistance. See our COVID-19 emergency response webpage for access to online tools, tutorials and other resources for tax services, and to establish 24/7 online account access with Webfile. We’re standing by to help Texas businesses during these difficult times. Source: Texas Comptroller of Public Accounts |
Similar Posts
Survey Shows Optimism Prevails Among Minority Business Owners
Even as minority business owners face new economic challenges, including supply chain disruptions and inflation, results from PNC’s recent Economic Outlook survey show an impressive resiliency and positive mindset among these business leaders, according to Marshalyn Odneal, national sales executive for Minority Business at PNC Bank. According to PNC’s survey, more than two-thirds (68%) of…
Amazon Article
To prepare for the hectic holiday shopping season, Amazon plans to hire 5,100 people in the Houston area. The project is part of a larger attempt by the Seattle-based online retail behemoth to hire 250,000 people across its U.S. operations network. The tasks range from selecting and packing to sorting and shipping orders and include…
Support These Houston-Area Businesses on Small Business Saturday
Here are some locations to consider visiting on Small Business Saturday, which is November 30.
Comerica Bank donates 100,000 to Young Entrepreneurz Solutions, “An Economic Way Forward for Youth In LMI Communities”
Comerica Bank has teamed up with Young Entrepreneurz Solutions Organization (YES) to equip youth from low to moderate income (LMI) communities with financial education skills needed to pursue a career in entrepreneurship. The $100,000 contribution also will provide startup funding for students across Comerica’s five-state (Arizona, California, Florida, Michigan and Texas) geographical footprint. In addition, Comerica bankers will serve as judges for the YES Business…
Tax tips for small business owners
When you completed last year’s small business tax return, did you run into surprises? Deductions you could no longer take? Changes in the tax code that left you regretting choices you made last year? You may have discovered you can no longer deduct for entertaining, so hold off on buying sports tickets for clients…
H-E-B Rolls Out Digital Tap-to-Pay Services at Stores
H-E-B has begun a phased rollout that will add digital tap-to-pay service to all its stores.