Corporate Tax in Deerfield Beach, Florida

Find the right Corporate Tax attorney in Deerfield Beach, FL

Corporate Tax Lawyers in Deerfield Beach

In Deerfield Beach, Florida, a "corporation" is specified as a legal entity that's separate from its owners. Therefore, 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 basically 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 Deerfield Beach, Florida

Practically every for-profit corporation in the U.S. is required to pay taxes on its income each year. Most states also have their own corporate income tax. All corporations in Deerfield Beach, Florida are required to pay it.

In most states, and at the federal level, corporations are taxed at a different rate than individuals. At the federal level, the corporate income tax maxes out at 35% for corporations that earn more than .3 million per year. Corporations that earn less than ,000 per year are taxed at 15%. There are many tax brackets in between. Nonetheless, the individual federal income tax rate tops at 33%.

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. Therefore, in some states, the corporate tax rate is lower than the individual tax rate.

Whatever their legal tax rate, all corporations in Deerfield Beach, Florida are obligated to comply with state and federal income tax laws. Failure to pay income tax can be punished by massive fines, which can occasionally prove financially ruinous.

How Can a Deerfield Beach, 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.

Of course, smaller companies in Deerfield Beach can't afford to have full-time legal and accounting departments on their payroll. Therefore, if your business is organized as a corporation, and has an issue with its taxes, it's necessary that you contact a Deerfield Beach, Florida tax attorney as soon as possible.

Talk to a Tax Law Attorney now!

Life in Deerfield Beach

Welcome to Deerfield Beach, Florida-- a city known for its beachside charm. Located in Southern Florida, Deerfield is located north of popular Florida city, Miami. Deerfield Beach has a very tourist-oriented feel to it. The sunny Florida shores are another aspect that tourists enjoy in Deerfield.

Deerfield Beach's economy is as diverse as its population, specializing in manufacturing, distribution, and office industries. Deerfield has the ninth largest Brazilian population in the United States--a presence that is reflected in many of the local restaurants in Deerfield. Every year Deerfield Beach plays host to the Women's Professional Volleyball Association and the Superboat Power Race. Deerfield Beach is home to close to 80,000 residents and is located on Broward County, Florida.

Another notable aspect of Deerfield Beach is the amazing legal culture the community enjoys. Deerfield lawyers hail from all areas of the United States and their range of specialties is as diverse as they are. Lawyer in Deerfield are available to serve their clients in any legal issue they may find themselves confronted with. Deerfield Lawyers are highly skilled and Deerfield is lucky to have them!

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