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Accounting and Bookkeeping Services in Hollywood, Florida
Hollywood business owners trust 1-800Accountant's expert CPAs to handle their bookkeeping and tax needs, giving them more time to focus on what matters most—growing their companies.
Our Accounting Services for Hollywood Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA with expertise in your industry so you're always confident in your business tax situation. Our CPAs, with more than 17 years of experience on average, can save you thousands annually when you delegate complex Hollywood tax preparation to them!
Bookkeeping: Solidify your financial base and manage cash flow with precise, error-free bookkeeping done for you that saves time and provides crucial insights that empower you to make important data-backed business decisions. This meticulous process delivers essential tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop vital financial modeling.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business tax advisor. Strategic planning helps minimize your business tax liability in Florida throughout the year while ensuring compliance.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, with regular tax submissions to the city of Hollywood, ensuring accuracy and freeing you to focus on other vital aspects of your business.
Business Formation: Enjoy the advantages of officially establishing your business in Florida with our complimentary incorporation services. Simply cover any Hollywood fees, and we will manage the rest. This puts you on a path to hiring employees and creating a business bank account as you experience the benefits of an optimized business structure and maximum tax savings.
Discussing your business taxes with 1-800Accountant is quick and easy:
- Set up a time for us to give you a call.
- Tell us what’s going on with your business.
- Get matched with an accountant who knows your industry & local regulations.
| Level | Rate |
|---|---|
| State Tax Rate | 6% |
| County Tax Rate | 1% |
| Municipal Tax Rate | None |
| Combined Sales Tax Rate | 7% |
| City-Specific Taxes |
|---|
| Hollywood requires a Local Business Tax for anyone with a permanent business location or branch office in the city, including home-based businesses. The Local Business Tax Receipt is valid October 1–September 30 and must be renewed by September 30 each year to avoid late penalties. New businesses pay a non-refundable $25 application processing fee in addition to the classification-based tax fee. |
| Licenses and Permits |
|---|
| Every business operating in Hollywood, Florida must obtain a Local Business Tax Receipt, which is required under Chapter 110 of Hollywood's Municipal Code of Ordinances. |
| All businesses, including home-based operations, need a Certificate of Use to ensure compliance with zoning and land development regulations. |
| Film production companies and individuals shooting commercials within city limits must secure a specialized film permit. |
| Remember that obtaining these local permits doesn't exempt you from other applicable state or federal regulations for your specific industry. |
| Grants and Funding in Hollywood | Grants and Funding Information |
|---|---|
| Commercial Property Improvement Program | The City of Hollywood offers grants to commercial and industrial property owners for facade improvements. This program helps businesses restore, renovate, and enhance the appearance of their properties, contributing to the overall economic development of the area. |
| FastTrac® Start-Up Program | This no-cost entrepreneurial development program helps both early-stage entrepreneurs and existing business owners develop their business plans. The program culminates in a pitch competition where the top three business plans compete for seed grants to help launch or expand their businesses. |
| Small Business Assistance Center Services | The City of Hollywood's Small Business Assistance Center provides comprehensive support services including business planning assistance, access to funding opportunities, marketing strategy development, and general business guidance to help local businesses thrive. |
| Broward County Small Business Development Programs | Broward County offers various programs to support small businesses in Hollywood and throughout the county, including technical assistance, procurement opportunities, and access to financial resources through partnerships with local lending institutions. |
What to Look for in Hollywood, Florida Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Hollywood small business, you should consider the following factors:
Certifications and State Compliance: Verify that your accountant or bookkeeper holds proper credentials, such as CPA certification. They should demonstrate thorough knowledge of Florida's tax regulations, including the state's lack of personal income tax but complex sales tax requirements that affect businesses along Hollywood's tourist-heavy Beach Broadwalk and Downtown Arts District.
Experience and Specialization: Seek professionals with specific experience in your industry. Hollywood's economy includes significant tourism, hospitality, and entertainment sectors, particularly around the Seminole Hard Rock Hotel & Casino. An accountant familiar with these industries will better understand seasonal cash flow patterns and industry-specific deductions.
Understanding of Local Economic Conditions: Select a professional who understands Hollywood's unique position between Fort Lauderdale and Miami. They should recognize how the city's beachfront economy differs from inland businesses, and how proximity to Port Everglades and Fort Lauderdale-Hollywood International Airport creates distinct business opportunities and challenges for local companies.
Knowledge of State Tax Incentives: Florida offers various business incentives, including the Entertainment Industry Sales Tax Exemption that benefits Hollywood's film and creative sectors. A knowledgeable accountant can help you navigate these programs, potentially identifying tax advantages related to hiring, capital investment, and economic development zones within Broward County.
Talk to a business tax expert today for all your tax needs in Hollywood.
Additional Florida Accounting Resources:
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Florida’s Tax Rates For Small Businesses and Corporations
How To Register Your Small Business In Florida
How Much Does It Cost to Set up an S Corp in Florida?
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.