Sales Tax Changes in Hillsborough County, FL
Reading Time: 0 minutes, 30 seconds
Please disregard if you do not conduct business in Hillsborough County.
On January 1, 2019, Hillsborough County changed the sales tax and commercial rental tax rates. Hillsborough County will now collect 8.5 percent for all sales and 5.8 percent on commercial rent, so it is important to adjust your sales software on January 1st to account for the increase in sales tax. Click here to view the notice from Hillsborough County.
Contact your tax software company for instructions on how to adjust tax rates to avoid incurring additional expense for your business due to improper planning. If you have any questions, please call our office at 813.254.2727.
Solar energy is a popular choice for businesses looking to reduce their carbon footprint through alternative energy sources. In addition to supporting a company’s environmental, social and governance (ESG) strategy, converting to solar energy can potentially lock-in lower energy rates. Further, Section 48 of the Internal Revenue Code provides businesses that invest in solar energy […]
The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased...
Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax advantages of making a...
For the final six months of 2022, the standard mileage rate for business travel will increase by 4 cents per mile, from 58.5 to 62.5 cents...
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to...
Remain informed and connected. Follow us and join our mailing list.