All corporations need to file an annual report. Consider doing it now so you don’t forget.
For profit Corporate Franchise Taxes and Annual Reports are due no later than March 1st of each year. Non-profit Corporations must file annual reports by March 1. Foreign Corporations are required to file an Annual Report on or before June 30th.
No, you don’t have until April 15th, like your personal Federal income tax. If you are late, there is a $400 fine. And the State of Florida doesn’t have a sense of humor. If you say, “OK guys, I was only a few days late”. They don’t care. They will not waive the $400 fine.
Also, if you do not file the Annual Report in a timely manner, the Secretary of State can administratively dissolve your company. If your company is administratively dissolved, your company is no longer in good standing with the State, though it may still be sued.
However, this time of year you may receive an email that appears to be from the State reminding you to file your return, and it may appear to be from the State, and it is not. If you read it carefully, it says it will assist you in filing your return. Don’t waste your money. There is nothing to filling your return. You can do it in 5 minutes. Don’t waste your money.
The State’s website is Sunbiz.org. If it isn’t Sunbiz,org, don’t click on it.
Here is the link to file your Annual report: https://services.sunbiz.org/Filings/AnnualReport/FilingStart
PS Tax Solutions provides complete accounting services in Tampa or Lutz. For more information, go to https://pstaxsolutions.com/ or call (813) 563-8724 for an appointment.