SBA Let's Talk Business Series: 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