Corporate Tax in Lauderhill, Florida

Find the right Corporate Tax attorney in Lauderhill, FL

Corporate Tax Lawyers in Lauderhill

In Lauderhill, Florida, a "corporation" is defined as a legal entity that's separate from its owners. Thus, 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 typically 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 these obligations is the duty to pay income tax in much the same way as an individual person.

Corporate Tax Rate in Lauderhill, Florida

Every corporation in the United States is required to pay federal income tax. Most states also have a corporate income tax, which corporations doing business in Lauderhill, Florida are required to pay.

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 various 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. Thus, 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 Lauderhill, Florida must pay the taxes assessed against them. If they don't, they can be made to pay very considerable fines - typically much larger than their original tax bill.

How Can a Lauderhill, Florida Corporate Tax Lawyer Help?

The majority of big corporations have accountants, tax lawyers, and other legal/financial specialists on staff to ensure that they comply with state and national corporate tax laws.

However, if you are the owner of a smaller corporation in Lauderhill, you probably can't afford a full-time in-house lawyer. For that reason, you should contact an attorney in Lauderhill, Florida who practices tax law, on an as-needed basis, if you ever encounter a corporate tax issue, such as an audi

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Life in Lauderhill

Lauderhill is a city in Florida with a population of approximately 66,887 people. It is located in the Miami-Fort Lauderdale-Pompano Beach metropolitan area. From this description itself, Lauderhill's location seems exquisite! After all, Fort Lauderdale, Miami and the Pompano area are filled with beautiful beaches!

Some popular Lauderhill attractions include Lady Helen Fishing Charters, Fort Lauderdale Antique Car Museum, Bonnet House Museum and Gardens, Sawgrass Recreation Park, Las Olas Boulevard, Stranahan House, Everglades Holiday Park, and Anne Kolb Nature Center.

Being in such a great location, Lauderhill and surrounding areas are filled with law firms of all sizes. These firms train attorneys of various skill levels, who are able to handle any legal issue in all areas of law.

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