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New Member
posted Apr 15, 2024 9:10:57 AM

Do I need to file taxes for a Cottage business in Florida?

Cake business

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1 Replies
Expert Alumni
Apr 15, 2024 9:20:06 AM

It depends. The guide below will give more insight into the sales tax in Florida.  If your business is not a corporation or other entity, an individual does not have income tax for a small business.

 

Federal Return: If you earned income from your business in the amount of $400 net income or more you must file a return to pay your self employment taxes.

 

State Return: If you plan to engage in a business activity that is subject to sales and use tax, you must register to collect, report, and remit or pay Florida sales and use tax before you begin conducting business in Florida. file returns and pay tax electronically.