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.
By: George Rendziperis, J.D. If you own an entity that owns real estate and considering selling such entity, you must consider whether the state in which the real estate is located imposes a real estate transfer tax on the sale of a controlling interest in an entity. Generally, states or local governments impose a real […]
By: George Rendziperis, J.D. Is State and Local Tax (SALT) due diligence part of your merger and acquisition checklist? If not, a seller who is not...
The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers. Most of the federal income tax rate bracket thresholds are about 5.4%...
The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to affect small businesses and their...
In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. You still...
Remain informed and connected. Follow us and join our mailing list.