The strength of Florida’s low tax burden comes from its lack of an income tax, making them one of seven such states in the U.S. The state constitution prohibits such a tax, though Floridians still have to pay federal income taxes.
We provide simple and affordable paycheck software that allows Florida small businesses to do their payroll jobs in house easily and inexpensively.
Corporations and entities that do business, or earn or receive income in Florida, including out-of-state corporations, must file a Florida corporate income tax return (unless the business is exempt).
#1. ezPaycheck payroll software calculates taxes automatically based on company and employee settings.
The image below shows the company Florida State unemployment tax set up inside ezPaycheck payroll software. Florida business can use this screen to set up Reemployment Tax
Reemployment Assistance (formerly Unemployment Compensation): Reemployment assistance gives partial, temporary income to workers who lose their jobs through no fault of their own, and are able and available for work.
For Year 2019, the initial tax rate for new employers is .0270 (2.7%). The first $7,000 in wages paid to each employee during a calendar year is taxable. Any amount over $7,000 for the year is excess wages and is not subject to tax. Excess wages can never be greater than gross wages. The maximum tax rate allowed by law is .0540 (5.4 %), except for employers participating in the Short Time Compensation Program. You can find more information from Florida Department Of renenue site
User can specify FL State Unemployment Tax Rate here
User can specify FL State Unemployment Tax Wage Limit here
#2 Flexible Florida Employee Tax Options
ezPaycheck calculates payroll taxes and deductions based on employee's address. When user set up employee profile,
ezPaycheck payroll software can support daily weekly, bi-weekly, semi-monthly and monthly pay periods. You can pay employee by salayr, hourly rate, tips, commissions, milage rate, piece rate and others.