News & Events - Winderweedle, Haines, Ward and Woodman, P.A. - Orlando - Winter Park, FL

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Business Rent Tax Reductions Make a Comeback

Business Rent Tax Reductions Make a Comeback

Early this year, the news in Florida’s business rent tax, the sales tax applicable to commercial leases in Florida, was that there is no news. After several straight years of reductions in the sales tax rates on commercial leases, the rates for 2021 held steady at 5.5% plus the applicable discretionary surtax. Today, only a … Read more

2021 Florida Sales Tax Rates for Commercial Tenants

2021 Florida Sales Tax Rates for Commercial Tenants

Update: Hillsborough County tax went down from 8% to 7% effective March 16, 2021. The business rent tax reductions are coming back – and stronger than ever. ———- The Florida sales tax rates on commercial leases remain unchanged for 2021. In February of last year, the Florida legislature proposed a reduction on the rate of … Read more

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