News & Analysis as of September 26, 2024

Income Taxes › Franchisors

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Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -

Texas Franchise Tax Basics | Nexus

Freeman Law on 8/15/2024

If you own a business in Texas, you’ve likely encountered (for better or worse) the Texas franchise tax. The franchise tax is a tax imposed on any “taxable entity” that does business in Texas or that is chartered or...more

Doing Business in Australia

K&L Gates LLP on 4/19/2024

Australia welcomes new business and foreign investment by providing a strong economy, a stable political environment and a skilled and talented workforce. Our comprehensive guide to Doing Business in Australia has been...more

Taxes In Texas: Rent And Other Fees Are Taxable Income

Fox Rothschild LLP on 12/30/2019

In a recent opinion, the Texas State Office of Administrative Hearings (SOAH) disagreed with a Texas franchisor that claimed rent and other fees received from its franchisees were mandated by fiduciary duty to flow through to...more

How Franchisors Can Benefit from the Qualified Business Income Deduction

Baker Donelson on 2/8/2019

Many franchisors and franchisees operate for tax purposes in pass-through entities (LLCs, S corporations, partnerships, and entities that are disregarded for tax purposes). The owners of pass-through entities pay tax at...more

Franchise and Distribution News - January 2015

Dickinson Wright on 1/27/2015

TAKE ACTION NOW TO AVOID UNEXPECTED STATE TAX LIABILITIES - Traditionally, nexus for state income tax liability has required some type of physical presence or continuous contacts by the franchisor/distributor with a...more

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