Florida Online Business Taxes

Summary

For an online business in Florida, its advisable to have a separate business account to distinguish personal and business finances. You must pay taxes and register your business with the Florida Department of Revenue. Obtain an Employer Identification Number (EIN) from the IRS for federal taxes. Avoid seeking loopholes, as they may lead to legal issues. Instead, consider legitimate deductions like business expenses, home office, and mileage.

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For an online business in Florida:
- Business Account: Yes, it's recommended to have a separate business account.
- Taxes: Yes, you need to pay taxes. Register with the Florida Department of Revenue.
- Setup: Obtain an EIN from the IRS and register your business online with the Florida Department of Revenue.
- Deductions: Consider legitimate deductions such as business expenses, home office, and mileage.
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