PEO and HR Solutions Dallas, Texas

Dallas, TX SkylineIf there’s one thing Dallas knows, its business. After all, economic growth has been a hallmark of this city for more than a century.  Small businesses are the backbone of Big D’s economy; they make up nearly 80% of the total number of businesses in Dallas and employ 40% of its workforce. Dallas is a place where “the little guy” can get ahead, but you can’t do that without a staff you can count on…or with confusing regulations tripping you up every five minutes.

That’s where Staff One comes in.  We’re a licensed Professional Employer Organization with the Texas Department of Licensing and Regulation. As a PEO provider, we help with HR consulting, employee benefits, workers’ compensation, risk management, compliance management, and payroll and tax administration. In other words, we’ll focus on your business so you can focus on staying ahead of the competition. Whether you operate in property management, healthcare, or professional services, Staff One has you covered. Visit our corporate headquarters in North Dallas in the Gateway Tower building.

Give us a call at 1.800.771.7823 to discuss how we can help grow your business today or check out a case study to see how we’ve helped other businesses succeed.

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Dallas Associations

North Dallas Chamber of Commerce

The Cost of Doing Business in Dallas

Compared to other major cities, Dallas is competitively affordable. Relocating employees and a business to Dallas or one of the surrounding business parks in the Metro happens each year. View a snapshot of reasons to do business in the Big D, below.

Metro Population

Dallas, TX: 4,718,900
Houston: 6,671,600
Atlanta: 5,789,700
  • Metro Size Rank: 4th in US (2015, Census)
  • Major Industries: Technology, Construction, Energy, Business Services
  • Current Gross Metro Product: $504.358 Billion (2014, BLA)
  • Unemployment: 3.9% (2016, BLA)
  • Job Growth: 2.7% (2016, BLA)
  • Net Population Change: +144,704 (2014-2015, Census)

Median Household Income

Dallas, TX: $61,510
Houston: $60,840
Oklahoma City: $55,100
  • Median Household Income Growth: 3.4% (2015 American Community Survey)
  • Median Home Price: $230,500 (2016, Realtor.org)
  • Annual Commute Hours & Cost: 53 hours, $1185 (2014, TAMU)
  • Average Monthly Rent for 1 Bedroom: $1,061 (2016, Numbeo)
  • Annual Sunshine: 61% Sunny in Dallas (NOAA)
  • Minimum Wage (Federal Level): $7.25 per hour
  • Average Weekly Wages in Metro $1,078 for all industries (2016, BLS)

Personal Income Tax: 0%

  • Texas doesn’t have a state income tax
  • Dallas doesn’t have a city income tax

Sales Tax: 8.25%

  • Most cities in and around Dallas have a combined sales tax rate of 8.25%, although far north of the Metroplex and around Denton have areas with 6.3%. Use the Texas Comptroller Sales Tax Rate Locator Tool to pinpoint the exact sales tax by address.

Franchise Tax

  • Franchise Tax: 0.331% of gross receipts for most businesses, 0.375% for retail/wholesale and 0.75% for non-retail/wholesale. Never above 1% for any business.
  • All corporations (C, S and LLC) registered or doing business in Texas are required to file a franchise tax statement. Businesses with less than $1,110,000 in annual revenue are not required to pay a tax, but must still file before May 15th.
  • The Franchise Tax Amount in Texas is based on margin and can be calculated four different ways, whichever is lower: total revenue times 70 percent, total revenue minus cost of goods sold (COGS), total revenue minus compensation or total revenue minus $1 million (effective Jan. 1, 2014).
  • Businesses with less than $20 million can calculate using the EZ Computation method and receive a lower rate of .331% on total revenue (no margin calculation necessary)total revenue times 70 percent.
  • An Online Calculator provided by the Texas Comptroller Office makes estimates of tax easy.

State Property Tax - 0%

  • Texas does not handle property taxes at the state level, instead property taxes are assessed by cities and townships. Texas is unusual in that it does not require sales prices to be disclosed to local appraisal districts. The appraisal district for most of Dallas is the DCAD.

Business Property Tax

  • Texas requires that all businesses file a rendition statement detailing the type of property, location and name of the owner. Businesses that own vehicles or inventory should heed special attention to business property taxes. The value of business property is added to the value of a commercial building. The tax rate paid is the property tax rate for the location of property.
  • For property worth more than $20,000, additional information is required. There is a 10% penalty for not filing a rendition statement.
  • Learn more on business property taxes in Dallas: http://www.dallascad.org/

Health Insurance in Texas

  • Working Age Uninsured
  • Non-Working Age Uninsured
  • Covered by Employer
  • Medicaid Covered
  • Medicare Covered

Health Insurance in Texas

  • According to 2014 Census data, employers provided health coverage for 53% of the Texas population. 45.8% of private companies offered health insurance coverage for employees, comparable with the U.S. average. Texas and the Dallas Metro have high rates of uninsured compared to other cities in the U.S.

Workers’ Compensation: Not Required

  • Unlike most states, Texas does not require workers’ compensation insurance. Although for certain industries and licensed contractors, this type of insurance could be required.
  • Employers in Texas must file a worker’s compensation status form with the Texas Department of Insurance before April 30th each year to avoid a penalty of up to $25,000 per day.

State Unemployment Insurance (SUI): Required

  • .59% to 8.21% for 2017
  • Texas requires employers pay the effective SUI tax rate on every $9,000 earned by an employee for 2017.
  • Employer rate consists of General Tax Rate (GTR) + Replenishment Tax Rate (RTR) + Obligation Assessment Rate (OA) + Employment Training Investment Assessment (ETA)
  • New employers use greater of the average rate for all employers in the NAICS code to which they belong or 2.7%
  • Learn more at http://www.twc.state.tx.us/businesses/your-tax-rates

State Disability Insurance: Optional

  • Disability insurance is not required in Texas.
  • Business Licensing Types: 31 classifications of business require a state license to operate from the Texas Department of Licensing and Registration. Compared to other states, Texas has few licensing requirements.
  • The cost of a license depends on the business. An HVAC technician can except to pay $150 for an exam, application and $50 – $100 for a license renewal.
  • Business Registration Cost: $300 application fee for most business types application.
  • Review a full list of business filing and registration fees with the Secretary of State.