Legal Question in Tax Law in Florida

Most dealers are initially set to file/pay quarterly. The best way is to set up secure web access through the DOR portal to file on line returns and pay the taxes. The DOR sales tax site has a lot of information, topic FAQ's and tutorials. The url is:

http://dor.myflorida.com/dor/taxes/sales_tax.html

Spend some time there.

Please remember, as a dealer you must maintain records of the purchase and sale of tangible property for resale AND the purchase of tangible property used for the business. For example, if you purchased a computer to help run the business you are required to keep the receipt to show wether you paid sales tax on the purchase (if not then you will report/remit the use tax with your next filing). If you do not have this documentation the DOR will assess use tax against the purchase if it is identified during a compliance audit. No documentation - you pay use tax - even if you paid sales tax on the transaction. This trips up a lot of small businesses. Keep good records and see that your shopping cart software can properly handle the FL sales tax, local option tax, and sales tax bracketing.