Navigating the intricate world of business in Florida requires meticulous planning and adherence to essential dates and deadlines. Stay ahead of the curve with this comprehensive list of crucial dates for your business operations in the Sunshine State. While these dates serve as a general guideline, it’s imperative to verify specific requirements and seek guidance from professionals tailored to your unique business circumstances. Florida’s vibrant business landscape awaits, and success begins with staying on top of these significant milestones.
Now, let’s dive into the important dates and deadlines that every Florida business owner should know:
January
January 1 – New Year’s Day (Holiday)
January 15 – 4th Quarter 2023 Estimated Tax Payments Due
January 31 – Deadline for filing federal income tax withholding (Form 941) for the fourth quarter of the previous year.
January 31 – Employers send W-2’s to employees
March
March 15 – Taxes are due for some business types (partnerships, multi-member LLCs and S-Corporations)
- Business organizes as partnerships, including multi-member LLCs and S-Corps need to file Form 1065, or 1120S by March 15th if they are a calendar year business. If your business is a fiscal year, you need to file your tax return by the 15th of the third month following the close of your tax year.
April
April 15 – Deadline for filing federal income tax returns (Form 1040) for individuals.
- Deadline for filing federal income tax returns (Form 1120) for C Corporations if you are a calendar year business. If a fiscal year business, taxes must be filed by the third month following the close of your tax year.
- Deadline for filing federal income tax returns (Form 1120S) for S Corporations.
- Deadline for filing federal income tax returns (Form 1065) for Partnerships.
April 30 – Deadline for filing Florida Sales tax returns.
May
May 1 – Deadline for filing Florida annual report and paying the annual report fee for most businesses.
- Deadline for renewing professional licenses, including many healthcare professions.
June
June 30 – Deadline for submitting your federal income tax extension (Form 7004) if applicable.
July
July 1 – Beginning of the fiscal year for many local government agencies in Florida.
September
September 16 – Deadline for extended partnership and S-Corporation returns
September 30 – Deadline for filing federal income tax returns (Form 1120) for fiscal year C Corporations.
October
October 1 – Beginning of the fiscal year for the State of Florida.
- Deadline for renewing state alcoholic beverage licenses.
October 15 – Deadline for extended C-Corporation returns
December
December 31 – Deadline for submitting your federal income tax extension (Form 7004) for the fiscal year C Corporations if applicable.
January 2025
January 15 – Fourth quarter 2024 Estimated tax payment due
Preparing for Success in 2024
Beyond the familiar dates, there are additional dates that may be critical milestones to your business. It’s essential to take proactive steps in 2024 to ensure that your business thrives. Here are a few general categories you may need to consider for the upcoming year:
State and Federal Tax Deadlines: Tax Deadlines can vary depending on your business structure and activities. Make sure to stay updated on federal and state income tax filing deadlines, sales tax deadlines, and any other tax-related obligations.
Business Renewal Deadlines: Businesses in Florida are typically required to file an annual report and pay a fee to maintain their active status. Check with the Florida Division of Corporations for the specific deadline for your business type.
Professional License Renewals: If your business requires professional licenses, such as healthcare professions or other regulated industries, be sure to renew these licenses before their expiration dates.
Employment Tax Deadlines: If you have employees, stay aware of deadlines for payroll tax deposits, W-2 filings, and other employment-related requirements.
Business Permits and Compliance: Depending on your industry and location within Florida, there may be specific permits, licenses, or compliance deadlines that you need to meet.
Contractual Obligations: Review any contractual agreements, lease agreements, or loan agreements your business has in place to ensure you meet all payment and reporting deadlines.
Financial Reporting: If your business is publicly traded or subject to specific financial reporting requirements, ensure you meet the deadlines for filing financial statements, annual reports, or other financial disclosures.
To get the most up-to-date information and accurate information for 2024, consult with your tax advisor, legal counsel or relevant government agencies in Florida. They can provide you with specific deadlines and guidance based on your business type, location, and activities.
Please keep in mind that this list provides a general overview of important dates and deadlines for businesses in Florida, and there may be additional requirements or specific deadlines that apply to your business type or industry. It’s essential to stay informed about changes in tax laws or regulations that may affect your business and consult with professionals as needed.
For all of your important business deadlines in one place: download our calendar today!
