Secure Your Texas Mixed Beverage
Gross Receipts Tax Bond
Ensure compliance and fast-track your licensing. Get your Texas mixed beverage gross receipts tax bond starting from $150.
Your Trusted Partner for Secure, Hassle-Free Surety Bonds
TMD Surety Bonds is your local expert mixed beverage gross receipts bond agency. Since our establishment in 2011, we have helped thousands of customers with their bond needs. Our clients know they can count on our attentive customer service, surety bond mastery, and price transparency.
What Is a Mixed Beverage Gross Receipts Tax Bond?
A mixed beverage gross receipts tax bond is a type of surety bond that guarantees the payment of taxes on sales of alcoholic beverages by businesses to the appropriate government agency.
Why is a Mixed Beverage Tax Bond Required in Texas?
A Mixed Beverage Tax Bond is required in Texas to ensure that businesses selling alcoholic beverages comply with tax laws. It guarantees that these businesses will accurately report and pay their taxes to the Texas Comptroller of Public Accounts.
Mixed Beverage Gross Receipts Tax vs Mixed Beverage Sales Tax
A Mixed Beverage Gross Receipts Tax Bond is required for certain entities in the beverage industry. Those who need this bond include:
- Bars and RestaurantsÂ
- Establishments that serve mixed beverages.
- Caterers
- Businesses that serve alcohol at events.
- Hotels
- Accommodations that offer room service or have minibars.
- Clubs
- Private or social clubs that serve alcohol.
- Convenience StoresÂ
- Retail locations that sell pre-mixed alcoholic beverages.
How to Get a Texas Mixed Beverage Gross Receipts Tax Bond
Effortlessly secure your mixed beverage tax bond in three simple steps! Experience the reliability and convenience of our hassle-free surety bond process.
2. Request Quote
How Much Does a Texas Mixed Gross Receipts Tax Bond Cost?
The cost of a Texas Mixed Beverage Gross Receipts Tax Bond typically ranges from 1% to 5% of the total bond amount required. TMD offers rates that start as low as $150 for a year or at a discount for 2 a year term. The 2 year term cost starts at $225. For establishments selling to the public, the minimum required bond amount is $3,750, and for private clubs, it’s $2,250. This makes it an affordable and valuable investment for businesses to ensure compliance with tax laws.
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The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!
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Mixed Beverage Bond FAQ
Mixed Beverage Gross Receipts Tax is imposed on those who sell, prepare, or serve mixed beverages, as well as those who sell, prepare, or serve ice or nonalcoholic beverages for mixing with alcohol.
Mixed beverage tax bonds in Texas remain in effect until canceled. The surety can terminate the bond by giving written notice to the Comptroller of Public Accounts. In most cases the state requires the bond for a 2 year period or longer if there are tax issues.
The process to get a Mixed Beverage Tax Bond can be completed in one day, sometimes within the hour. The better the credit, the faster the process.
Yes, it’s possible to get a Mixed Beverage Tax Bond with bad credit, but the cost may be higher.
Taxable items for Mixed Beverage Gross Receipts Tax include receipts from the sale, preparation, or service of mixed beverages, and nonalcoholic beverages that are mixed with alcohol.
Need a Mixed Beverage Bond ? Have Questions?
TMD Surety Bonds is here for your immediate Mixed Beverage Bond. We will be more than happy to explain and answer all of your questions.