CPA and Bookkeeping McKinney Alternative CPA McKinney. May reads what the months already said

What May is not allowed to invent

In June, Texas Music Revolution shuts down downtown for concerts. The noise is the point, and it is a good one. It arrives after the franchise report. A weekend of music in June cannot be used to rewrite the revenue May already had to report. The report reads the year that the form asks for, and the months should already have told that story.

For 2026 and 2027 the no-tax-due threshold those Comptroller pages publish is 2,650,000 dollars. Retail and wholesale compute one way. Every other business computes another way. The filing date on that report is 15 May, and the percentages that apply are the ones published for that report year rather than a leftover in the software. None of those public figures is an invoice for a single address in town.

If the closed months and the report disagree, we believe the months only after we have looked. A report that needs a new revenue number in May is a sign the close was late, not a sign May is creative.

We check that sales are sales, that tax collected is not sales, and that a large deposit in December was not a loan. The franchise report is a reading of revenue. Garbage in that line becomes a tax conversation you did not mean to start.

Compensation limits and the computation method are facts about the year, and they belong in the workpapers next to the report. This page will not walk the arithmetic. It will insist the arithmetic cite the months.

A shop that had quiet hotel months should see those months in the total, not a smoothed year. Smooth is how a slow winter disappears and a penalty appears later.

Say so. A report that is due is a different job from a report that is a habit. We will tell you whether the months are closed enough to support it or whether the honest move is to close first and file what the law still allows.

The sales tax twentieth and the franchise fifteenth are different dates in different months. We keep a calendar because mixing them is how one of them gets a polite excuse and a real penalty.

May can correct a classification that the months already support. A deposit booked as sales that was really a loan can be moved, and the report should follow the move. May cannot invent revenue to reach a threshold or to miss one. The threshold for report years 2026 and 2027 is a public figure. Your total is not. Your total is the closed months.

Retail and wholesale use one computation. Other businesses use another. Which one you are is a fact about what you sell, and it should have been true all year. Switching the label in May because the other label is cheaper is how a report becomes a problem instead of a filing.

If the books are not closed through the period the report covers, say that before you ask us to file. A franchise report sitting on open months is the same kind of story as a return sitting on open months. We would rather be late and honest than early and fictional, and we will tell you which of those the calendar still allows.