- Texas has finalized sales tax regulations that define micro businesses and small businesses
- The regulations aim to provide clarity on which businesses are exempt from certain sales tax requirements
- Micro businesses are defined as those with less than $50,000 in annual revenue
- Small businesses are defined as those with less than $500,000 in annual revenue
- The regulations are intended to help small businesses navigate the complexities of sales tax compliance
Source: research.ibfd.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
