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Accounting and Bookkeeping Services in Lakeland, Florida
1-800Accountant offers expert virtual tax and bookkeeping services tailored for Lakeland's small businesses, helping you navigate Florida's regulations while maximizing your deductions and financial growth.
Our Accounting Services for Lakeland Small Businesses
Business Tax Preparation: Trust your Lakeland business taxes to our experienced CPAs. With an average of 17 years in the field, our experts understand the unique tax landscape of Central Florida. We'll help you navigate local regulations and find opportunities to reduce your tax burden, potentially saving you thousands each year.
Bookkeeping: Build a strong financial foundation for your Lakeland business with precise, error-free bookkeeping. Our service saves you time and provides clear insights to guide your decision-making. We create easy-to-understand reports that help you interpret your financial data, enabling your accountant to develop accurate financial models tailored to Polk County's business environment.
Tax Advisory: Tax planning is a year-round necessity for Lakeland businesses. Our affordable advisory service connects you with a dedicated small business tax advisor whenever you need guidance. We'll help you develop strategies to minimize your Florida tax liability throughout the year while ensuring compliance with state and local regulations.
Payroll: Simplify your payroll process and reclaim hours each pay period. Our comprehensive service handles all aspects of payroll, including timely tax submissions to Lakeland and Florida authorities. This ensures accuracy and compliance, allowing you to focus on growing your business in the thriving Central Florida market.
Business Formation: Take advantage of our complimentary incorporation services to establish your business in Florida. You'll only need to cover the required Lakeland and state fees—we'll manage the rest. This sets you up to hire employees, open a business bank account, and enjoy the benefits of an optimized structure that maximizes tax savings in accordance with Florida's business-friendly laws.
Filing your business taxes online with 1-800Accountant is quick and easy:
- Provide required personal and business information.
- Review and select your online business tax preparation service and complete your purchase.
- Log in to your 1-800Accountant Portal and upload documents critical to preparing and filing your taxes.
| Level | Rate |
|---|---|
| State Tax Rate | 6% |
| County Tax Rate | 1% |
| Municipal Tax Rate | 0% |
| Combined Sales Tax Rate | 7% |
City-Specific Taxes |
|---|
| All businesses located or operating within the Lakeland city limits must pay an annual Business Tax to obtain a Business Tax Receipt. The fee varies based on square footage, number of employees, and business category, ensuring all local businesses comply with the city's regulations. |
Licenses and Permits |
|---|
| All businesses operating in Lakeland must obtain a Business Tax Receipt, which needs to be renewed annually. |
Businesses are required to secure zoning approval before starting operations in Lakeland. |
For businesses in commercial areas, a Certificate of Use and Occupancy is necessary. |
Grants and Funding in Lakeland | Grants and Funding Information |
|---|---|
| Economic Development Infrastructure Incentive Program (EDGE) | Supports new and expanding manufacturing and food service-related businesses. Eligible improvements include backflow preventers, venting systems, grease traps, and fire sprinkler systems. Manufacturing and R&D projects may receive grants up to $400,000 for infrastructure-related expenses. |
| City of Lakeland Incentives | Offers various incentives for businesses that create 100 or more new jobs, high-wage jobs, or add industrial building inventory. May include reductions in non-utility impact fees to encourage economic development. |
What to Look for in Lakeland, Florida Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Lakeland small business, consider these key factors:
Certifications and State Compliance: Choose a professional who holds the necessary credentials and licenses, such as CPA certification. They should be well versed in Florida tax laws and local compliance requirements, making the process of handling paperwork and filings straightforward.
Experience and Specialization: Look for someone who has handled financial matters similar to those in your industry. Many businesses in Lakeland operate in areas like healthcare, manufacturing, and technology, which have unique financial needs. A professional with relevant experience can offer practical advice and help improve your long-term financial planning.
Understanding of Local Economic Conditions: It helps to work with an accountant who is knowledgeable about Lakeland’s economic makeup. Given the city’s strong involvement in logistics, aviation, and financial services, along with a rising tech sector, familiarity with these areas can lead to better-informed financial strategies that suit the region.
Knowledge of State Tax Incentives: Florida offers several business-friendly tax credits and incentives, including benefits for investments and job creation. A local expert who understands these incentives can provide guidance to help lower your tax burden and support your business growth.
Talk to a business tax expert today for all your tax needs in Lakeland.
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.