TAXES
· In addition to federal taxes such as corporate income tax and unemployment tax, most businesses in Florida are required to pay state taxes such as sales and use tax, discretionary sales surtax (local option taxes), unemployment tax, communications services tax, corporate income tax, and use tax on out-of-state purchases.
· Certain businesses must also pay tangible or intangible personal property tax. Florida law requires many businesses to e-file their tax returns. Businesses must pay electronically through www.myflorida.com/dor, if they pay more than $30,000 per year in sales or fuel tax; have 10 or more employees on whom they pay unemployment tax in any calendar quarter; or remit any fuel tax or file consolidated tax returns for locations in more than one county.
· Contact the agencies listed below to determine your business tax responsibilities.
Florida Department of Revenue
Cocoa Service Center
2428 Clearlake Rd., Bldg. M
Cocoa, FL 32922-5731
Ph: (321) 504-0950 (local office) (800) 352-3671 (state office)
Website: www.myflorida.com/dor/
· The Florida Department of State handles corporate filings, fictitious name and partnership registrations.
· The Florida Department of Revenue collects state taxes. Businesses obtain a Florida Sales Tax number and report sales tax collections monthly to the Department.
· You can register to collect and/or pay tax in Florida and enroll to file and/or pay tax electronically via the Department’s Website at www.myflorida.com/dor and clicking on “e-Services.”
· If do not have Internet access, you can obtain a paper “Application to Collect and/or Report Tax in Florida” (form DR-1) from your local DOR Service Center.
Internal Revenue Service
Internal Revenue Service (local office)
129 W. Hibiscus Blvd., Suite D
Melbourne, FL 32901
Ph: 1-800-829-3676
Ph: 1-800-829-1040
Website: www.irs.gov
· The IRS Provides information on employee withholding taxes (income and Social Security taxes), company taxes, federal unemployment taxes, and obtaining an Employer Identification Number (EIN).
· The IRS also conducts free small business workshops.
- Taxpayers can call 1-800-829-4933 to obtain an Employer Identification Number (EIN). Detailed information and an electronic SS-4 can be found at: www.irs.gov/businesses/small and click on link titled “Employer ID Numbers (EINs).”
Social Security Administration
Social Security Office – South Brevard
Ph: (321) 255-5510 or 1-800-772-1213
Website: www.ssa.gov
· Employers must withhold social security and Medicare taxes from employees’ wages and pay a matching amount. These taxes have different rates and only the social security tax has a wage base limit. There is no wage base limit for Medicare tax; all covered wages are subject to Medicare tax.
