Florida Taxes Guide
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Overview of Florida Business Tax
Florida business tax, also called income tax, capital tax, or corporate tax, is levied by the state. It’s based on a percent of capital or income generated by a company. Like other taxes, filers can claim deductions, exemptions, and business-friendly tax cuts.
Let’s take a closer look at Florida’s business tax rates:
Business Tax Rates
Florida’s business tax rates vary according to the entity paying them. The business tax rate is currently 5.5 percent.
LLC
Florida doesn’t impose a business tax rate on limited liability companies (LLCs).
S-Corp
Florida doesn’t impose a business tax rate on S-Corps.
C-Corp
Florida C-Corps pay a business tax rate of 5.5 percent.
Partnerships
Florida doesn’t impose a business tax rate on partnerships.
Sole Proprietorships
Florida doesn’t impose a business tax rate on sole proprietorships.
Here’s an article that covers Florida business tax basics.
Federal Business Tax vs. Florida Business Tax
Federal business tax versus Florida business tax is much different. Florida businesses not only pay a 5.5 percent business tax to the state, but they also pay 21 percent to the IRS, for a total bill of 26.5 percent on profits and capital gains.
Here’s a web page on paying federal tax and state tax.
Compliance with Florida Business Tax
Florida business tax compliance is enforced by the Department of Revenue.
Business Tax Calculator
A Florida business tax calculator, also known as an income tax calculator, is helpful when paying your taxes. You can determine your payment or tax estimations quickly.
You can also use the following business tax calculator formula:
- Step 1: Take your taxable profits and gains number
- Step 2: Multiple this number by 0.05 percent
- Step 3: This number is your business tax
Filing & Paying
Filing and paying Florida business tax requires corporations to file a Florida Corporate Income/Franchise Tax Return (Form F-1120). You must return your form and payment electronically if you file your federal taxes electronically. Otherwise, you can return them to Florida’s Department of Revenue by mail.
Here’s a web page about IRS tax compliance.
Other Business Taxes
Other business taxes in Florida may require companies operating out-of-state to pay Florida business tax. Businesses based outside of Florida may also have to pay business and employee-related taxes. Speak with tax lawyers to help you understand your options when paying taxes for small businesses.
Here’s a web page about Florida’s other business taxes.
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Randy M.
Hi, I'm Randy. I've been practicing law for over 30 years, with extensive experience drafting, reviewing, and revising contracts for individuals, entrepreneurs, and businesses. I spent nearly 15 years running my own law practice in Richmond, Virginia, where I represented small business owners, professionals, entrepreneurs, and clients in the entertainment industry. That experience taught me that a good contract must do more than address legal requirements. It should clearly define the parties' rights and obligations, anticipate practical problems, and protect my client's interests if the relationship does not go as planned. Contract drafting and review are major parts of my practice. Over the course of my career, I've drafted and reviewed hundreds of agreements. I also review contracts prepared by other attorneys, businesses, and individuals to identify legal issues, assess enforceability, and identify potential compliance issues under current applicable law. My experience includes: • Prenuptial and postnuptial agreements • Employment and independent contractor agreements • LLC operating agreements for single-member and multi-member LLCs • Consulting, coaching, freelancer, and professional services agreements • Residential and commercial leases • NDAs and confidentiality agreements • Entertainment industry agreements • Business formation and corporate documents • Other commercial and business contracts I also have substantial experience preparing estate planning documents, including wills, trusts, powers of attorney, and advance medical directives. I'm currently based in New York City and am licensed to practice law in Virginia. I work remotely with clients on contract projects across the country. My approach is practical and straightforward. I take the time to understand the transaction, the client's objectives, and the risks that need to be addressed. I then draft an agreement that is clear, thorough, and usable in the real world. Whether you need a new agreement drafted, an existing contract reviewed, or revisions to a document you are negotiating, I can help you identify the important issues and prepare a contract that reflects your objectives. I would be glad to discuss your project and how I can help.
"Randy provided a thorough and thoughtful review of my waiver for my personal training business, researched legal requirements for my type of business in Virginia, and went above and beyond in trying to understand how they related to my specific business and services that I provide. He asked me clarifying questions as needed, was quick to respond to my questions, and provided recommendations for how to ensure my other processes fulfill the promise of my form. I highly recommend Randy and would hire him again for future legal review needs!"
Demetre K.
A seasoned attorney with deep General Counsel experience and a flexible, business-minded approach to legal leadership. Skilled in collaborating with product, sales, operations, finance, and executive teams — not just to mitigate risk or ensure compliance, but to enable growth, innovation, and efficient deal execution. In my current practice at GCBench, I offer scalable, on-demand counsel tailored to organizations’ changing needs. Legal rigor is combined with operational sensibility, making guidance a facilitator rather than a hurdle. Whether structuring transactions, advising on regulatory matters, or shaping policies, legal strategy is aligned tightly with business objectives.
"Outstanding work, very thorough and pleasant to work with. Demetre offered to help beyond what he needed to. I would definitely use his services again."
Jessica W.
Family and Probate attorney with over 15 years experience.
"Jessica is a great lawyer, and I would recommend her to anyone."
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Shannon Y.
Attorney specializing in Family Law and Small Business Law. Georgetown and London School of Economics alum. Law Degree from UH Manoa Richardson School of Law. Small local business entrepreneur on Oahu for 10+ years.
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Celia B.
Prenuptial & Family Law Attorney | Licensed in PA & NJ Based in Harrisburg, PA, Celia Butler is a trusted and compassionate attorney with over 12 years of experience in family law. She focuses her practice on prenuptial agreements, believing strongly in their power to foster transparency, security, and mutual respect in a marriage. Celia sees prenups not as a sign of mistrust, but as a thoughtful and responsible step toward building a strong foundation for the future. Known for her professionalism, discretion, and unwavering dedication, Celia prides herself on always putting her clients first. She brings a deep understanding of sensitive family matters — from custody and property distribution to marital agreements — and guides clients with clarity, empathy, and a commitment to practical results. Celia is dually licensed in Pennsylvania and New Jersey and holds federal admissions in the Middle District of Pennsylvania and the District of New Jersey, allowing her to serve a broad range of clients across state and federal jurisdictions.
August 23, 2025
Alexander C.
I am a solo practitioner that runs my own legal practice. I am currently licensed in 16 states and I'm working to expand that reach.
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