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How Austin bars and restaurants book the Texas mixed beverage gross receipts tax (6.7%) and mixed beverage sales tax (8.25%) in separate liability accounts and remit both correctly.
How an S corp or LLC owner uses an accountable plan to reimburse personal funds spent on the business tax-free, with the IRS substantiation and timing rules.
Whether your Texas LLC or corporation must file a FinCEN Beneficial Ownership Information report, and why the March 2025 rule change exempts most domestic companies.
How Austin Airbnb and VRBO hosts collect, remit, and book the Texas state and City of Austin hotel occupancy tax separately from rental income.
The three Texas sales tax holidays, the per-item price caps for each, and how an Austin retailer records exempt sales so the sales tax return still reconciles.
Why an advance deposit or retainer is a liability, not income, when to recognize the revenue, and how an Austin business handles refunds in the books.
How an Austin business records cash sales that never hit a bank feed, runs and replenishes a petty cash fund, and keeps cash income accurate and reportable.
Markup and margin are not the same percentage. Learn both formulas, how to convert between them, and how your P&L shows whether pricing actually works.