Taxes and states

05-31-2005, 10:37 AM

Precept

Junior Member

Join Date: Mar 2005

Posts: 2

Taxes and states

Hi, we are planning to open a new Office in Texas. We currently have activities in Florida and I would like to know how it works for state tax.

Let's say I have 80% of my business income from Florida and 20% from Texas, will I calculate my taxes on business multiplied by 80 % for Florida and 20 % for Texas ?

And is there any special taxes in Texas I should be aware of ?

Thanks.

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