The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas. Please visit here for more information. It also explains how the tax is calculated.
You can file this online on the Texas Comptroller Office’s website. If you would like to proceed with this method, you can see this through their video walkthrough for guidance. If you are asked for your NAICS code, you can enter in 621330. Doing this online is fairly straightforward and easy! You will use your profit and loss numbers from Heard for the requested time frame.
If you started your business after the current tax year, the gross income receipts for the entire year (January to December) would be $0. For example, if you started your business in 2023 but were paying 2022 Franchise & Excise taxes– you'd enter $0.