For owners in Frisco
Business CPA Frisco AlternativeQuestions owners in Frisco ask.
Bring the county on the notice, the rate on the sale, the May date, or the last week the bank agreed with.
Ask a question.
Before a return or a May report, we ask for the newest month whose bank activity already matches the books. That month decides the return, the May report, and whether October still has room for a choice. The monthly close is a video call once the book file is shared. We learn about a busy week from your deposits, so we don't need a visit to your shop. Bring last year's May report if you still have a copy, and the last month your books matched your bank statement. Those two pages tell us where the year stands, and the first call can start from either one.
They ask which county a property sits in. Frisco is in both Collin and Denton for appraisal purposes, depending on the address. The Collin notices of appraised value go out on April 15. The Denton side uses its own district. We ask before we post the bill.
They ask why a sale at 8.25 percent did not match a system that added a transit penny. Because Collin and Denton do not charge a county sales tax and do not sit in a transit district. On a sale inside the city the state piece is 6.25 percent and the city piece is 2.0 percent. The extra penny is a setup error, not a local quirk you should keep.
They ask whether they can skip the May report if they owe no franchise tax. Usually they cannot skip it entirely. Since 2024, Texas no longer requires the No Tax Due Report. A business under the state's revenue limit still files a Public Information Report or an Ownership Information Report. The date is May 15. We want December closed first.
They ask about a busy tournament week or a game week at Riders Field, which opened on April 3, 2003. The month should show the week. An average that hides it makes cash planning look calmer than your bank statement was.
They ask what we will not do. Those three assurance letters, audit and review and compilation, sit outside the work, and we say so before any month is opened. We will not run your pay date. We set payday up with a provider, and the provider runs it. We will not pretend a page on this site is a signed plan for your company.
A question we would rather hear early.
Which month is the last one the bank agrees with. Everything else hangs off that answer. A return, a May report, a lender's statement, and an October choice all get simpler when that month is named.
Not knowing the month is an acceptable way to begin. The first project is finding the month, not apologizing for it.
Shorter answers to the questions that repeat.
How does the monthly close happen. On a video call once the book file is shared, with the same set day every month.
Which rate do we use. 8.25 percent on a sale in Frisco, made of 6.25 percent state and 2.0 percent city, with no county piece and no transit penny. A different delivery address can change that.
Can I skip May if I owe no franchise tax. Texas no longer requires the No Tax Due Report. You still file a Public Information Report or an Ownership Information Report by May 15. Send last year's May report if you have a copy.
A lender letter that names an audit, a review, or a compilation gets a redirect, and the month stays with us only when the letter asked for a statement instead. We will say so immediately if a letter uses one of those words.
Who runs payday. A provider, after we help with setup. We post what the provider reports. We do not calculate the check.
What to read next.
Ask the question in your words.
You do not need the perfect phrasing. The month, the notice, or the rate is enough.
You will be talking to the Steven Palmieri practice.