Florida Taxes Guide
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Overview of Florida Corporate Tax
Florida corporate tax is levied for the privilege of engaging in the state’s commerce and tax nexus. Corporations and other business entities must pay Florida corporate taxes.
Here’s a business-friendly web page about Florida’s corporate tax.
Corporate Tax Rate
The current corporate tax rate in Florida is 5.5 percent. However, not every entity must pay corporate taxes. A sole-proprietorship or LLC is generally exempt from paying corporate taxes on wages.
C-Corp Rate
The Florida C-corp tax rate is 5.5 percent, which is the same as the Florida corporate tax rate.
S-Corp Rate
An S-corp, also called a pass-through entity, is exempt from paying corporate taxes unless federal it owes federal income taxes.
Compliance with Florida Corporate Tax
Florida corporate tax compliance involves filing your taxes with the Florida Corporate Income Tax Return, Form F-1120. You must also have a valid social security number, employer ID number, or individual taxpayer identification number.
Corporate Tax Calculator
A Florida corporate tax calculator will help you estimate and prepay your tax payments. It’s a straight-line equation.
Here’s how you calculate Florida’s corporate tax:
- Step 1: Tax your total revenue
- Step 2: Multiply your revenue by 0.05
- Step 3: The result is your corporate tax bill
Other exemptions and deductions may offset your employer-related taxes. You can also take advantage of tax cuts for corporations, when available, to achieve this goal as well.
Filing & Paying
Filing and paying corporate taxes in Florida is typically completed electronically when you are required to file a federal income tax or if you paid more than $20,000 in corporate taxes the preceding year. Ensure you make a payment online by the deadlines listed on the Florida e-Services Calendar of Electronic Payment Deadlines.
Here’s an article about Florida corporate tax deadlines.
Other Florida Business Taxes
Florida business taxes will vary according to your specific business situation. You should plan ahead to avoid future surprises.
Other business taxes in Florida will apply to operating a corporation, such as the following:
- Employment tax
- Capital gains tax
- Social security
- Medicare
- Other taxes
There are specific provisions within any of these programs, tax deductions, tax cuts, and more. Florida corporate lawyers can help you handle the legal details.
You can also see this article for more information about Florida’s business taxes.
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Meet some of our Tax Lawyers
Neil B.
Professional Experience Neil Belloff is an accomplished business lawyer with over 35 years of business and legal experience, including as Board Member, General Counsel, Chief Compliance Officer, Chief Operating Officer and Corporate Secretary. After law school, Neil joined a boutique law firm in New York City and practiced as a litigator and corporate securities lawyer. Soon thereafter, Neil became a Senior Attorney-Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission in Washington, D.C. responsible for reviewing 1933 Act and 1934 Act documents, coordinating projects with the EPA and DOL, overseeing bankruptcy, reorganization and work-outs, responding to Congressional inquiries, and providing assistance to other SEC divisions and the Department of Justice. Following his tenure with the government, Neil practiced with several NY-based law firms providing legal and business services to public and private enterprises focusing on securities, corporate, employment, IP, licensing, M&A, finance, governance, litigation, compliance and privacy matters. Neil became an in-house attorney in 2003 joining Deutsche Telekom, one of the largest telecommunications companies in the world, as Executive Vice President and US Securities and Corporate Counsel. He joined Celgene Corporation, a publicly listed global biopharmaceutical company, in 2010 and became General Counsel, Chief Compliance Officer and Corporate Secretary of Eloxx Pharmaceuticals, Inc. in 2018 (and Chief Operating Officer in 2020) and General Counsel, Chief Compliance Officer and Corporate Secretary of Acorda Therapeutics, Inc. in 2021. Neil went back to private practice in 2024. Neil has been lead counsel on dozens of IPOs (representing both issuers and underwriters) and multi-billion dollar M&A transactions. His practice includes licensing, structured finance, venture capital, risk assessment, corporate governance, legal and regulatory compliance, pharmaceutical development, and all aspects of corporate, securities, intellectual property, privacy and employment law. Education • J.D. - Quinnipiac University School of Law • LL.M. - Program in Securities Regulation at Georgetown University Law Center • M.A. - New York University • B.A. - Queens College of the City University of New York Admissions • New York, New Jersey, Connecticut • Southern District of New York • Eastern District of New York • District of Connecticut Publications • Frequent conference speaker (FEI, NACD, NIRI, ACC, PLI, MarcusEvans) • Co-authored chapter of NACD report on the Role of Directors in Strategic Planning, member of Blue Ribbon Commission of NACD • Authored various articles on securities, litigation and governance topics • Featured in Vanguard Law Magazine - https://www.vanguardlawmag.com/case-studies/neil-belloff-acorda-therapeutics/ Board Memberships • Former Board Member | Private computer network and software development company sold to NASDAQ listed company • Former Board Member | NASDAQ listed location-based entertainment company
"Responsive & professional turnaround. Would work with Neil again in the future!"
Frank G.
Accomplished business and litigation counsel with experience managing a broad spectrum of legal matters on behalf of individuals as well as early-stage and established technology, software, service and medical device companies. Substantial experience in drafting commercial agreements as well as litigation and arbitration of complex business disputes as plaintiff’s and defendant’s counsel. Served as infantry officer (attaining rank of Major) in ground combat units for the United States Marine Corps and educated in Marine Corps management and tactics. Adept at taking complicated information and legal principles and presenting strategy to non-lawyers in a concise and easy-to-understand format.
"Working with Frank is like going on a road trip with your best friend. You have more fun during the road trip than at your final destination. Frank told me a deadline and stayed with it, always being responsive to messages, with thick detail to reinforce his reasoning. When talking over the phone, Frank goes into great detail and paints the real picture of what to expect, in his experience, dealing with the court and judges. I would work with Frank again for future work."
September 8, 2025
Scott M.
Real Estate, Finance, and Business Attorney in the Dallas area, specializing in multifamily, hotel, public improvement districts, business law, and all types of real estate matters. I can also assist with uncontested divorces.
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Paula C.
DACC Law is a general practice client-centered law firm. I am a Partner in DACC and have been proudly serving clients across Massachusetts since 1997. With over 25 years of legal experience I have a built a reputation for trust, results-driven advocacy across a wide range of practice areas including contract law, personal injury, estate planning, workplace issues, and real estate. At the heart of my practice is a client-centered approach -- one that values clear communication, responsive service, and practical legal solutions tailored to each individual's needs. Whether helping a family protect their future through thoughtful estate planning, representing someone injured due to negligence, or guiding clients through complex workplace or property matters, I bring deep legal knowledge and personal attention to every case. If you're looking for a seasoned Massachusetts attorney who combines experience with empathy, and strategic insight with strong advocacy, I am here to help.
September 18, 2025
George M.
I am a corporate lawyer with extensive experience assisting clients of all sizes, from solo practitioners to enterprise-level international corporations. Over the course of my career, I have negotiated, drafted, and reviewed thousands of contracts spanning a wide range of industries and complexities. My practice is focused on delivering practical, business-oriented legal solutions that help clients protect their interests and achieve their goals.
Anna V.
Multilingual California Attorney with experience in Immigration, Real Estate, Contracts.
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