Blog
Short answers on tax deadlines, IRS notices, small business tax and Texas taxes, plus local posts for Southlake and nearby cities. Every post lists its official sources.
10 posts
- Opening a Business in Southlake: State, County, and City StepsTo open a business in Southlake you deal with four offices: the Texas Secretary of State for an entity, the county clerk for an unincorporated assumed name, the...Oct 12, 2026
- Penalty Relief: How to Ask the IRS to Remove a PenaltyYou may qualify for IRS penalty relief if you tried to comply with tax laws but could not because of circumstances beyond your control.Oct 5, 2026
- Hotel Occupancy Tax and Short-Term Rentals in GrapevineIn Grapevine, hotel occupancy tax has two parts: a 6 percent state tax the Texas Comptroller collects and a 7 percent city tax.Sep 28, 2026
- The Texas No Tax Due Report: Do You Still Need to File It?No. The Texas Comptroller discontinued the No Tax Due Report for report year 2024 and later. An entity at or below the no tax due threshold still files a Public...Sep 21, 2026
- Sales Tax at a Southlake or Grapevine Shop: How the Local Rate WorksShops in Southlake and Grapevine charge a combined sales tax rate of 8.25%. That is the 6.25% state rate plus 2% in local tax, the legal maximum.Sep 14, 2026
- What an S Corporation Reasonable Salary MeansAn S corporation must pay a shareholder-employee reasonable compensation for services before it makes non-wage distributions.Sep 7, 2026
- Trophy Club and Westlake: Which Appraisal District Do You Deal With?Both towns have property in two counties, so the answer depends on your parcel. Your Notice of Appraised Value names the appraisal district.Aug 31, 2026
- Form 1099-NEC: What a Small Business Owner Must File and By WhenFile Form 1099-NEC for each person you paid at least $2,000 for services in the course of your business during 2026. The IRS instructions set a January 31 due date.Aug 24, 2026
- Southlake, Keller, and Colleyville Homeowners: Tarrant Appraisal District Dates to KnowFor tax year 2026, the Tarrant Appraisal District protest deadline was May 15, 2026, or 30 days after your Notice of Appraised Value was delivered.Aug 17, 2026
- Estimated Tax Payments: Who Pays Quarterly and WhenYou generally make federal estimated tax payments if you are in business for yourself or have income with no tax withheld.Aug 10, 2026
Talk to Wallace CPA
Call the Southlake office and say what you need: a return, an IRS letter, your books or a new business. Have the notice or last year's return nearby if you have one.