Florida State and Local Tax Procedure: Compliance, Audits, and Dispute Resolution
NEWS & INSIGHTS Florida State and Local Tax Procedures: Compliance, Audits, and Dispute Resolution Florida’s state and local tax (SALT) procedures are critical for businesses and individuals to understand, particularly when dealing with tax compliance, audits, and disputes. While Florida does not impose a personal income tax, it relies on various revenue sources, including sales […]
Florida’s Capital Investment Tax Credit
NEWS & INSIGHTS Florida Capital Investment Tax Credit (CITC) Florida Technical Assistance Advisement 24C1-003: Florida’s Capital Investment Tax Credit In November 2024, the Florida Department of Revenue (DOR) issued Technical Assistance Advisement (TAA) 24C1-003. This advisement provides critical guidance for calculating income generated by a qualified capital investment project under Florida’s Capital Investment Tax Credit […]
What to Expect from a Florida Tax Audit
NEWS & INSIGHTS What to Expect from a Florida Tax Audit 2025 Florida Tax Audit – What to Expect from DOR If you’re a resident or business owner in Florida, understanding the process of a tax audit and what to expect can ease much of the anxiety and help you prepare effectively. Whether the audit […]
Florida Sales Tax Rules for Beauty Salons, Nail Salons, and Barber Shops
NEWS & INSIGHTS Florida Sales Tax Rules for Hair Salons, Nail Salons, and Barbershops Sales Tax Rules for Hair Salons, Nail Salons, Barber Shops, and Beauty Salons in Florida Recently, the Florida Department of Revenue issued TIP 24A01-16 addressing the sales tax rules for hair salons, nail salons, barber shops, and other beauty salons operating in […]
Florida Department of Revenue Files Response in JetBlue Challenge to Corporate Income Tax Apportionment Law for Airlines
NEWS & INSIGHTS Florida Department of Revenue files Response in JetBlue Challenge to Corporate Income Tax Apportionment Law for Airlines Last month, JetBlue filed a Motion for Summary Judgment relating to Court IV and V of its Complaint. Count IV and V are the internal and external consistency tests of fair apportionment under the commerce […]
Florida Bar Tax Section 2024 Fall Meeting at Margaritaville Beach Resort in Hollywood Beach, Florida
NEWS & INSIGHTS Florida Bar Tax Section 2024 Fall Meeting in Hollywood Beach, Florida, at the Margaritaville Beach Resort The Florida Bar Tax Section is holding their annual Fall Meeting from October 24-26, 2024, in Hollywood, Florida, at the gorgeous Margaritaville Beach Resort in Hollywood Beach, Florida. The 2024-2025 Florida Bar Tax Section Chair Mark […]
JetBlue Files Motion for Summary Judgement in Challenge to Corporate Income Tax Apportionment Law for Airlines
NEWS & INSIGHTS JetBlue Files Motion for Summary Judgement in Challenge to Corporate Income Tax Apportionment Law for Airlines Last month, the Florida Department of Revenue filed a Motion to Dismiss JetBlue’s constitutional challenges to the “Florida Box” used to calculate revenue miles for Florida’s corporate income tax apportionment formula for airlines. While it is […]
Florida Amendment 5: Annual Inflation Adjustment for Homestead Property Tax Exemption Value
NEWS & INSIGHTS Florida Amendment 5: Annual Inflation Adjustment for Homestead Property Tax Exemption Value By November 5, 2024, Florida voters will decide whether Florida’s Homestead Property Tax Exemption must be adjusted annually to account for inflation. Since the pandemic, many Floridians have seen their house value double. With the associated increase in tax combined […]
