Gifted & Talented, LLC

Official IRS Tax Dates



IRS Starts Processing Tax Returns                                          January 23, 2023

Tax Filing Deadline  
April 18, 2023




Extension Deadline ends October 16, 2023

Did you file and exstension to get prepared for 
filing your tax return?  We understand that life is busy.  Wait no further, give us a call or schedule a consultation to see what your business needs are. We are working around the clock to take care of our clients.

Did you know that if you are self-employed 90% of taxes should be paid as income is earned or received? If not, you could owe penalties and interest. If you want assistance with managing your self-employment tax, schedule your free consultation now!

Who Must Pay Estimated Tax

Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.
  • January 1 to March 31  due April 15
  • April 1 to May 31 due June 15
  • June 1 to August 31 due September 15
  • September 1 to December 31 due January 15 of the following year
Information obtained from IRS website for more infomation click the link to access the IRS website. 

Sales and Use Tax

Texas sellers must collect sales tax on taxable items, including shipping and delivery charges, sold online in Texas. Texas sellers are engaged in business if they have a physical Texas location or make online sales in Texas. The state sales and use tax rate is 6.25 percent and the local sales and use tax cannot be more than 2 percent.

As a small business owner, you are busy running your business and shouldn’t have to remember if you paid your sales tax on time or not. Gifted and Talented is here to assist you with managing all your tax needs. We can assist you with filing and submitting payment for your company's monthly, quarterly or annual sales tax. We are trained and continue to stay up to date with all updates, so you don't have to do it yourself. For more visit comptroller.texas.gov below.

Franchise Tax

You have registered your articles of formation with the Secretary of State and now have your LLC. What's next? As a small
business owner, you are probably busy running your business. Gifted and Talented is here for you. We can assist you with filing and submitting payment for your company's annual franchise tax. We are trained and continue to stay up to date, so
you don't have to do it yourself. Schedule your consultation today!
Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax. 
These entities include:
    • corporations;
    • limited liability companies (LLCs), including series LLCs;
    • banks;
    • state limited banking associations;
    • savings and loan associations;
    • S corporations;
    • professional corporations;
    • partnerships (general, limited and limited liability);
    • trusts;
    • professional associations;
    • business associations;
    • joint ventures; and
    • other legal entities.
Content obtained from comptroller.texas.gov below.

The information provided by Gifted and Talented LLC (“we,” “us” or “our”) on giftedandtalentedcompany.com is for general
informational purposes only.

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