Florida Taxes Guide
Explore Agreements
Jump to Section
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.
274 projects on CC
CC verified
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Meet some of our Tax Lawyers
Jeffrey B.
I am an employment law attorney specializing in helping companies navigate the complexities of the workplace. From drafting employment contracts and conducting investigations into discrimination and harassment claims, to responding to EEOC charges and reviewing handbooks and policies for legal compliance, I offer comprehensive support to help businesses thrive while minimizing risk.
"Jeffrey was quick to respond, attentive, and very thorough. He spent a good amount of time ensuring I fully understood all information on my contract."
William B.
Attorney based in Southern California (for in-person matters), taking clients globally/remotely for CA-specific and Federal legals needs. Owner and operator of Alchemist Attorney, Inc. (www.alchemistattorney.com).
"Excellent attorney, great communicator and detailed evaluations. Would hire again for independent contractor agreement review."
Brittany P.
A dedicated real estate attorney with a proven track record of advising and representing clients across all facets of real estate law. Known for delivering exceptional, client-centered service that fosters long-term relationships and repeat business. Skilled in managing complex transactions and providing strategic legal guidance tailored to each client's needs. Committed to staying current on legal developments and industry trends to ensure the highest standard of legal counsel.
"Brittany was very professional and very responsive in getting my prenup reviewed. I appreciated her communication throughout the process."
Expert Legal Chat
Instantly connect with a verified lawyer to get professional answers.
ContractsCounsel made it very easy to find a lawyer to help our company with its legal questions.
May 21, 2025
Ethan B.
Ethan specializes in preparing and structuring transactional deals and advising business owners as outside general counsel. Ethan enjoys working with business owners and entrepreneurs who strive to achieve growth through utilizing modern-day solutions and implementing business strategies that get results. Ethan is passionate about helping families and individuals with disabilities to design, form, and administer special needs trusts, ensuring individuals with disabilities remain eligible for federal and state benefit programs while living their best lives. Ethan has experience from previous firms in civil litigation, estate planning, and regulatory matters. Ethan holds a JD from Chicago-Kent College of Law, and a Masters of Law in Taxation (LLM) from Georgetown Law University Law Center. Prior to law practice, Ethan earned a Bachelor’s degree in Journalism from Indiana University of Pennsylvania and was promoted to Chief Editor at a regional news publication.
May 28, 2025
Calleigh G.
Associate attorney
May 31, 2025
Isabelle M.
Isabelle E. Melody is the founder of Wrinkles, LLC, a fractional General Counsel practice providing pragmatic, business-aligned legal support to companies across the U.S., U.K., and beyond. With over 20 years of global in-house experience—including senior legal leadership roles in the U.S., Europe, and Asia-Pacific—Isabelle brings deep expertise in commercial contracts, corporate governance, compliance, M&A, and risk management. A New York-licensed attorney and certified mediator, she is known for her hands-on, solution-oriented approach that aligns legal strategy with business momentum. Isabelle has served industries ranging from tech and defense to manufacturing and SaaS, and was recognized as a Corporate Counsel Honoree by the Rochester Business Journal.
Find the best lawyer for your project
Browse Lawyers NowFlorida Tax lawyers by city
- Boca Raton Tax Lawyers
- Cape Coral Tax Lawyers
- Clearwater Tax Lawyers
- Coral Springs Tax Lawyers
- Davie Tax Lawyers
- Deltona Tax Lawyers
- Fort Lauderdale Tax Lawyers
- Fort Myers Tax Lawyers
- Gainesville Tax Lawyers
- Hialeah Tax Lawyers
- Hollywood Tax Lawyers
- Jacksonville Tax Lawyers
- Lakeland Tax Lawyers
- Miami Tax Lawyers
- Miami Gardens Tax Lawyers
- Miramar Tax Lawyers
- Orlando Tax Lawyers
- Palm Bay Tax Lawyers
- Pembroke Pines Tax Lawyers
- Pompano Beach Tax Lawyers
- Port St. Lucie Tax Lawyers
- Saint Petersburg Tax Lawyers
- Tallahassee Tax Lawyers
- Tampa Tax Lawyers
- West Palm Beach Tax Lawyers