On our last post we discussed some of the paperwork that needs to be submitted annually in order to be able to run a business in Central Florida. In this post we will list items that need to be taken care of quarterly and monthly.
Items that need to be filed Quarterly:
State Employer Taxes
(AKA Reemployment Tax formerly known as Unemployment Tax)
This is a state tax
Due on or before April 30, July 31, October 31, January 31 of each year.
Instructions:
First: Make sure you are registered.
You can register online here: https://floridarevenue.com/taxes/eservices/Pages/registration.aspx
Use Form DR-1 to register.
HOWEVER; at the moment that I am writing this post on Wednesday April 1, 2020, the form DR-1 is being replaced. This is the message on the website: The online Florida Business Tax Application (DR-1) is unavailable at this time. It is being replaced with a new system that will be available no later than 8:00 a.m. ET on April 6, 2020. We apologize for any inconvenience.
To File Quarterly AFTER you have registered:
In short- Visit: https://brtx-fl-uc.bswa.net/ (You will need your username and password or your Federal Identification Number (FEIN) and Reemployment Tax (RT) Account Number).
Long Version:
Visit: https://floridarevenue.com/taxes/eservices/Pages/filepay.aspx
Scroll until you find : Reemployment Tax - Employers
This should re-direct you to https://brtx-fl-uc.bswa.net/ (You will need your username and password or your Federal Identification Number (FEIN) and Reemployment Tax (RT) Account Number).
Payroll Tax
This is a Federal Tax, which means it pertains to the IRS
Due on or before April 30, July 31, October 31, January 31 of each year.
Reporting New Hires
Necessary every time we hire a new employee
There you go everyone! That's our cheat sheet. Like I say in all my posts, we are not experts in this subject and we do not intend for our blog to be used in lieu of professional advice. We are simply sharing the research we have acquired through the process as first time business owners in Central Florida. As always, we wish you well on your journey, specially in these times of uncertainty.
COVID-19 has come to shake up everything we have known as our reality. We hope that the future is a beautiful result out of this ugly time.
#stateemployertaxes #reemploymenttax #unemploymenttax #howtofilereemploymenttax #howtofilestateemploymenttax #form941 #newhire #reportnewhire #formDR1 #covid19