We are active members of the communities in which we work.

Tax Update – Summaries of COVID-19 Related Federal and State Tax Relief Updates

Tax Update - Summaries of COVID-19 Related Federal and State Tax Relief Updates

The information provided below contains summaries of tax relief as of March 27, 2020. Federal Tax For Individuals Federal Income Tax Returns and Payment. The deadline to file federal income tax returns and remit payment is extended to July 15, 2020.  This extension is automatic and applies to individuals, trusts, and corporations.  Any interest, penalty, … Read more

Another Reduction in Sales Tax for Commercial Tenants

NEW LAWS IN EFFECT JANUARY 1, 2020 On January 1, 2020, the Florida sales tax rate on commercial leases will be reduced yet again, for the third time in the last three years.  The rate will be reduced from 5.7% to 5.5% for payments received for occupancies on or after January 1, 2020. The tax … Read more