An Ultimate Guide About Florida Taxes

Jan 12, 2024

The state of Florida does not levy a personal income tax. Florida's business tax rate is 5.50 percent. Florida collects 6% of all retail purchases, while local governments can contain a maximum of 2%. This results in a combined sales tax rate of 7.1%. According to the State Business Tax Climate Index for 2022, Florida has a tax system that is the fourth best in the nation..

Top 4 Tricks to Lower Your Property Tax Bill

Nov 06, 2023

To determine how much you owe in property taxes, take the most current valuation of your home and multiply it by the effective tax rate in force in your municipality. Check your tax card and similar properties for differences. Don't develop or make modifications to your property right before an evaluation since these measures may raise your worth. Let the assessor go around your house with you. Local and state exclusions and tax appeals might lessen your property tax burden.

What is payroll tax?

Oct 22, 2023

Understand what payroll tax is and how it works for your business. Discover the different types of taxes that make up payroll tax, who pays them, and more.

Common Tax Deductions For The Self-Employed

Oct 13, 2023

Learn about common tax deductions for the self-employed to maximize your savings. Explore valuable insights on tax deductions for freelancers and entrepreneurs.