It is a required form that updates or confirms your company records and must be filled each year for your business to maintain an “active status” with the Department of State.

It is a form filed with the Internal Revenue Service (IRS) on which a person (Individual Tax Return) or company (Business Tax Return), who are the tac payers, states their income, expense and other tax information annually.

A Beneficial Ownership Information (BOI) report is a federal requirement that list the individuals who own or control a company in US, also known as the company’s beneficial owners. The report is filed with the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. The requirement became effective on January 1, 2024, as part of the Corporate Transparency Act (CTA)

A Profit and Loss (P&L) statement and a Balance Sheet are both financial statements that provide different insights into a company’s financial situation. The Profit and Loss account discloses the entity’s financial performance, whereas the Balance Sheet reveals the entity’s financial position.

You must pay a tax to operate any business within city and county limits. A business tax receipt is proof of payment, it is required before a business opens and must be renewed annually by every September 30.

It’s an annual information return listing the gross amount of payments made to an independent contractor. It’s required to be filed by the business for whom services were performed if payments to an independent contractor during the calendar year total $600 or more.

Your company has to file an Annual Report in the state that it was formed and a Business Tax Return in a federal level.  The costs can vary depending on where your company is located and what type of entity it is. Please consult us for the most recent fees.

The Internal Revenue Service (IRS) does not require for a company that did not have any financial activity to file a tax return.

Even though the IRS does not require that companies with loss file a tax return, it is recommended that you file it because you can carry over the loss for the following years helping with your tax due when your company has a profit eventually.

For LLC:

• Annual Report in FL: May 1
• Annual Report in DE: June 1
• Annual Report in other states may vary but it’s usually also in the first semester
• Business Tax Return (Partnership and S-Corp): March 15 
• Business Tax Return (Sole Member): April 15 

For Corp/Inc:

• Annual Report in FL: May 1
• Annual Report in DE: March 1
• Business Tax Return (Corp): April 15 

Tax Returns may be extended up to 6 months.