Small Business Tax Attorney Tampa – What You Need to Know

For those operating a business in the State of Florida, in particular, the Tampa, Florida area, there are some things you need to know regarding your responsibilities as a federal and state taxpayer.

First of all, it’s very important to remember that your tax filing requirements will vary based on whether you have a sole proprietorship, partnership, S Corporation, C Corporation, Limited Liability Corporation, or other type of business entity. Keep in mind, in addition to Federal tax filing requirements, some businesses are also required to file timely returns (e.g. Reemployment Tax) with the Florida Department of Revenue. Again, these requirements will vary based on the type of business you are operating.

If you are operating a new business and are not experienced at handling corporate tax filings or businesses tax returns, you should consult with an experienced tax professional in lieu of attempting to file on your own.

For the sake of saving some money, many small business owners attempt to do a little Internet research, then try to file everything themselves. For inexperienced tax preparers, this can often lead to mistakes, which can potentially cost more money down the road when they need to amend or fix the outstanding issues. The best strategy, in our opinion, is to do things right the first time and hire an experienced tax professional to handle your small business tax preparation.

If you have a small business and are located in the Tampa, St. Petersburg, Sarasota, Clearwater areas, give us a call for a free and confidential consultation. At Gavel & Leone, we are experienced tax professionals with over 60 years of combined experience and can assist your business with basic tax preparation services, all the way up to complex IRS cases involving tax fraud or tax evasion.

You can reach us 813-416-3335 if you are in the Tampa, FL area or 941-356-2066 if you are in the Sarasota, FL area.

We look forward to assisting you soon!

Non-Profit Lawyer in Tampa

The decision to launch a non profit organization (501c3) in the state of Florida is one that should not be taken lightly. There are many implications to consider when starting a 501(c)(3), which is done at the state level by filing for Articles of Incorporation. Most individuals and groups establish their nonprofits as corporations to protect their officers and board members from liability exposure.

Filing for nonprofit status is more complicated than typical incorporation procedures. A not-for-profit group is required to apply to the IRS for tax exempt status, using IRS form 1023. This form is quite lengthy and has required documentation to supplement it.

Upon submission, the IRS will thoroughly examine your application to ensure that the programs and operations of your organization will fulfill its stated objectives and purposes. There is also close scrutiny for conflicts of interest, in which can cause an application to be denied by the Internal Revenue Service.

If you are considering filing for non profit status, contact our offices today and we will discuss your options. Our tax attorneys are experienced in all tax matters and can assist in pointing you in the right direction.

The partners at Gavel and Leone have a combined sixty years of experience in complex tax matters and we are here 24/7 to help you.