Whether you’re starting a new business or expanding to another location in Florida, it’s important to give some thought to the state’s sales tax laws. The Florida Department of Revenue has a strict set of sales tax rules for business owners to follow, and an owner unfamiliar with those rules risks the well-being of the business.
With your CPA in Tampa at Reliance Consulting, LLC as your guide, you need not worry. Since 1984, the professional staff at Reliance Consulting has helped businesses of all sizes remain in good standing with the state’s Department of Revenue.
The first thing to know about Florida’s sales tax law is that every new business owner must apply to the Department of Revenue to receive a Certification of Registration before conducting business involving taxable transactions. A new owner of an existing business may not use the former owner’s Certificate of Registration.
In addition, a new Certificate of Registration is required when:
- A business changes its legal status. For example, if a sole proprietorship is transformed into a limited liability corporation.
- A business moves from one Florida county to another.
- A business opens a new location, even in the same county.
Your CPA in Tampa at Reliance Consulting can help you determine whether your business must pay sales tax money to the state monthly, quarterly or semi-annually. The Department of Revenue strongly suggests that businesses maintain complete and accurate records of all sales tax transactions, and a CPA from Reliance Consulting can help.
Contact Reliance Consulting for more information on how to navigate the sales tax laws in the state of Florida.