Corporate Tax in Boca Raton, Florida

Find the right Corporate Tax attorney in Boca Raton, FL

Corporate Tax Lawyers in Boca Raton

In Boca Raton, Florida, a "corporation" is specified as a legal entity that's separate from its owners. So, from a legal standpoint, the owner of a corporation and the corporation itself are not the same "person."

This concept is referred to as "corporate personhood" in Florida, and it essentially means that, for many purposes under the law, corporations are treated the same as individual people, being subject to many of the same rights and responsibilities.

One of a corporation's primary legal commitments is its duty to pay income taxes, as an actual person would.

Corporate Tax Rate in Boca Raton, Florida

Every profit-earning corporation in the U.S. must, legally, pay the federal corporate income tax. Many states also have their own corporate income tax, which corporations located in Boca Raton, Florida have to remit.

The federal corporate income tax rate is different from the tax rate that applies to individuals. The highest corporate tax rate at the federal level is 35% of income - applying to companies that make over .3 million per year. Corporations earning under ,000 pay a 15% tax rate. There are several tax brackets in between.

There's also a good chance that the tax rate applicable to corporations in Florida differ from the individual tax rates. Some states feel that the best economic policy is to attract as many businesses as they can. So, in some states, the corporate tax rate is lower than the individual tax rate.

Whatever a company's legal tax rate is, all corporations in Boca Raton, Florida must pay the taxes assessed against them. If they don't, they can be made to pay very large fines - usually much larger than their original tax bill.

How Can a Boca Raton, Florida Corporate Tax Lawyer Help?

Many larger corporations have lawyers and accountants who guarantee that they are in complete compliance with both state and federal tax law.

But if you are the owner of a small corporation in Boca Raton, chances are you don't have a full-service legal department on your payroll. So, if you need help with your corporate taxes, it's critical that you speak with a lawyer in Boca Raton, Florida who practices tax law.

Talk to a Tax Law Attorney now!

Life in Boca Raton

Boca Raton is located in the popular area of Palm Beach County, Florida. Approximately 200,00 people call Boca Raton home. Surrounding popular areas include West Palm Beach and Pompano Beach. What makes Boca Raton so wonderful to live in is the geography. It is seen as one of the best places to live in South Florida, because it is very metropolitan, a favorite of young, single professionals, and filled with high rises and beautiful living with water views.

Top employers in the area include The Continental Group, IBM, National Council on Compensation Insurance, Boca Raton Resort, Florida Atlantic University, and the city itself. Many top tier law firms are located around Boca Raton. Small to mid size law firms also have offices in or near Boca Raton. All in all, alongside the many industries listed as top employers, the legal industry also havea strong presence and significantly serves residents of Boca Raton.

Some famous residents of Boca Raton include Jeff Gordon, Keith Byars, Jon Bon Jovi, Ernst Borgnine, Jeanne Bice, Paul Newman, and Pete Rose.

All in all, Boca Raton is a paradise of a place to live in!

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