During our nearly 30 of working with new businesses, we have been asked nearly every possible question. Below we have compiled a list of answers to some of the most commonly asked.

What types of licences and permits do I need?

• All businesses operating in Florida need to obtain a city and/or county Occupational License.
  
  
• If the business name differs from the owner's name—even if it is a corporation—the business will have to advertise the business name as a Fictitious Name and register their use of that name with the Florida Secretary of State.
  
  
• If the business sells a product or service subject to sales tax, a Sales Tax Certificate needs to be obtained from the Florida Department of Revenue.
  
  
• If the business has employees, or is a corporation, limited liability company or partnership, it will need to obtain an Employer's Identification Number from the Internal Revenue Service.
  
  
• Special state and federal licencing may be needed by those businesses in certain industries.
  

• All businesses that have employees are required to withhold Social Security, Medicare and Federal Income Taxes from their employee's paychecks. These monies, plus matching Social Security and Medicare, have to be paid periodically. In addition state and federal unemployment taxes may be due on a portion of wages paid.
  
  
• If sales taxes are collected, these taxes need to be paid periodically depending on the type of business and the amount of taxes collected.
  
  
• All taxpayers, corporate and individuals, are required to make quarterly estimate income tax payments. Individuals may avoid estimate payments if sufficient income tax is withheld from wages paid by other employers or their corporation.
  

• An independent accountant can be worth his weight in gold. At Smalley & Company, P.A., we can save you tax money, help establish controls and keep you current with governmental paperwork. Most importantly, we will work hand in hand with you to maximize your potential for success.
  
  
• We have nearly 30 years of experience providing independent accounting services to Florida Businesses.
  

• Obtain proper licensing.
  
  
• Form a corporation or Limited Liability Company.
  
  
• Install internal controls.
  
  
• Take maximum advantage of tax planning, bookkeeping, computer systems and tax preparation.
  
  
• Give your business a firm financial foundation on which to grow.
  
  

(407) 897-2277 or E Mail us today.