Every return the business owes. The federal entity return, the Florida F-1120 where it applies, the Broward tangible property return, and the owners' returns.
Equipment and vessels depreciated correctly. Federal and Florida depreciation tracked separately, because Florida adds back bonus depreciation and spreads it over seven years.
Returns that match the sales tax filings. Revenue on the income tax return reconciled to the sales and tourist development tax returns filed during the year.
Corviniti prepares business tax returns for companies in Fort Lauderdale and across Broward County. We meet clients at our Fort Lauderdale office by the Galleria, a CPA leads the team, and we work in English and Spanish. We prepare the federal return for your entity, the Florida corporate return where one is required, the Broward tangible personal property return, and the owners' personal returns.
A Broward business may own expensive equipment: boats, vehicles, marine service equipment, kitchen equipment, and rental property furnishings. Depreciation on those assets can be the largest item on the return, and Florida calculates it differently from the federal return. We keep a separate federal and Florida depreciation schedule for each asset, so the numbers agree from year to year.
This page sits under Corviniti Accounting in Miami, our office in downtown Miami. That page covers Florida tax for South Florida businesses and for people who move to Florida, and links to the rest of our Florida coverage.
Corporate income tax
Form F-1120 due dates and the bonus depreciation add-back
Florida taxes a C corporation's income at 5.5 percent above a $50,000 exemption. The return is due May 1 for a calendar year, or 15 days after the federal due date if that is later, and an extension on Form F-7004 is valid only if it is filed, with the tentative tax paid, by the original due date, and void if the tax is underpaid by more than the greater of $2,000 or 30 percent. Florida also adds back bonus depreciation and deducts it over seven years, except on qualified improvement property. The chart works a return through from federal taxable income to the Florida tax.
The Florida F-1120 worked through, 2026. Illustrative.
Florida filing dates for a calendar-year business. Confirm them each year.
This is for you if
You bought a boat, vehicles, or equipment and want the depreciation planned.
Your company is a C corporation and its Florida depreciation has never been tracked separately.
You have never filed a tangible personal property return with the Broward Property Appraiser.
Your income tax return has never been reconciled to the sales tax returns.
What you get
The entity's returns The federal return and, where it applies, the Florida F-1120 or F-1065.
Depreciation planned Federal and Florida schedules for boats, vehicles, and equipment, kept from year to year.
The county return The tangible personal property return filed with the Broward County Property Appraiser by April 1.
Returns that agree Income tax figures reconciled to the sales and tourist development tax returns.
How We Help
What you get
Federal and Florida business returns for a Broward company, prepared from reconciled books.
The entity's returnsThe federal return and, where it applies, the Florida F-1120 or F-1065.
Depreciation plannedFederal and Florida schedules for boats, vehicles, and equipment, kept from year to year.
The county returnThe tangible personal property return filed with the Broward County Property Appraiser by April 1.
Returns that agreeIncome tax figures reconciled to the sales and tourist development tax returns.
When companies bring us in
You bought a boat, vehicles, or equipment and want the depreciation planned.
Your company is a C corporation and its Florida depreciation has never been tracked separately.
You have never filed a tangible personal property return with the Broward Property Appraiser.
Your income tax return has never been reconciled to the sales tax returns.
The Detail
The gaps, and how we close each one
Service 01
The returns we prepare
The returns a Broward business owes depend on its entity, and the due dates vary with the entity and the fiscal year.
How we handle it
For an S corporation we prepare Form 1120-S, for a partnership or multi-member LLC Form 1065, for a C corporation Form 1120, and for a sole proprietor Schedule C. Florida adds Form F-1120 for a C corporation, and for an S corporation only in the years it owes federal tax at the entity level. A partnership with a corporate partner files Form F-1065, due April 1 for a calendar year. We prepare the Broward tangible personal property return in the spring, and the owners' personal returns alongside the business return.
What you get: Every federal, Florida, and county return the business owes.
Service 02
Depreciation on boats, vehicles, and equipment
Federal law allows much of an asset's cost to be deducted in the year it is bought. Florida does not follow the federal rule for C corporations, and the difference lasts for years.
How we handle it
A C corporation that takes federal bonus depreciation on a boat, a vehicle, or equipment adds the full amount back on the Florida return and then deducts one-seventh of it in that year and each of the next six. Florida's 2026 conformity law also keeps section 179 expensing and bonus depreciation at their rules before the One Big Beautiful Bill Act, so the Florida figure for a 2026 purchase can differ from the federal one in two ways. S corporations and partnerships generally file no Florida income tax return, so the difference matters mostly to C corporations, but the federal choices still matter to every owner: taking a large deduction now reduces this year's federal tax and increases the tax when the asset is sold. We plan the depreciation method for each purchase with the expected holding period in mind.
What you get: Federal and Florida depreciation planned for each asset.
Service 03
The Florida corporate income tax return
A Fort Lauderdale C corporation files a Florida return that starts from federal income and then applies Florida's own rules.
How we handle it
The tax is 5.5 percent of Florida net income above a $50,000 exemption. Form F-1120 is generally due May 1 for a calendar-year company, or 15 days after the federal due date if that is later, and Form F-7004 extends it by six months if it is filed with the tentative tax by the original due date, and not if the tax is underpaid by more than the greater of $2,000 or 30 percent. A June 30 year end that began before 2026 is due on the first day of the fourth month, with a seven-month extension. That rule is changing: for tax years beginning on or after January 1, 2026, the return is due on the first day of the fifth month and the extension runs six months. We prepare the federal and Florida returns together and carry the Florida adjustments from year to year.
What you get: A Florida corporate return with each adjustment traced to the federal figure.
Bought a boat or equipment this year? Plan the depreciation with a CPA before year-end.
Business equipment in Broward is taxed as tangible personal property, and the return goes to the Broward County Property Appraiser each spring.
How we handle it
A business with furniture, fixtures, machinery, or equipment files Form DR-405 with the Broward County Property Appraiser by April 1. Filing on time claims the exemption of up to $25,000 of assessed value, and a late return can lose it. A 30-day extension is available on request. We prepare the return from the same fixed asset records as the income tax return, and remove assets that were sold or scrapped so the business stops paying tax on them.
What you get: A tangible personal property return filed on time, with disposed assets removed.
Service 05
Business returns for Fort Lauderdale's main industries
The items that change a business return differ by industry.
How we handle it
Marine businesses. We depreciate vessels and equipment, account for the inventory of boats and parts and for customer deposits, and keep a separate Florida depreciation schedule for a C corporation.
Hospitality and short-term rentals. We reconcile rental income to the sales and tourist development tax returns, and apply the federal rules for rentals, which depend on the average guest stay.
Contractors. We choose the accounting method for long contracts, report work in progress, depreciate vehicles and equipment, and review worker classification.
Logistics and port suppliers. We depreciate trucks and equipment, track fuel and route costs, and prepare returns in other states where the company has drivers or property.
Medical and professional practices. We plan owner compensation, retirement contributions, and equipment depreciation with the owners' returns.
What you get: A return prepared around the items that change your industry's tax.
Service 06
How the filing process works
A business return is only as reliable as the books behind it.
How we handle it
If we keep your books, the return is prepared from books that are already reconciled. If another firm keeps them, we review and correct them first. You receive one document request, a draft return with a written explanation of the main items, and time to ask questions before filing. Revenue on the return is reconciled to the sales tax and tourist development tax returns filed during the year, so the figures agree if either return is examined. We file extensions where needed and set the next year's estimated payments when the return is filed.
What you get: One document request, a draft with a written explanation, and a filed return.
FAQ
Frequently asked questions
When are Florida business tax returns due?
For a calendar year, the federal S corporation and partnership returns are due March 15 and the federal C corporation return April 15. The Florida Form F-1120 is due May 1, or 15 days after the federal due date if later, and Form F-1065, where required, April 1. The Broward tangible personal property return is due April 1, and the annual report is filed between January 1 and May 1.
Does Florida tax my partnership or S corporation?
In most years, no. Florida does not tax income that passes through to owners. An S corporation files the Florida corporate return only in a year it owes federal tax at the entity level, and a partnership files Form F-1065 only when one of its partners is a corporation.
Do I need to file a tangible personal property return in Broward?
Yes, if the business owns equipment, furniture, or fixtures in Broward. Form DR-405 goes to the Broward County Property Appraiser by April 1, and a timely return claims the $25,000 exemption.
Can you prepare returns for a business that also operates in New York?
Yes. Ro Sokhi is a CPA licensed in New York, and we prepare the New York returns alongside the federal and Florida returns for companies and owners with New York income.
Do you work in Spanish?
Yes. Our team works in English and Spanish.
Do you prepare returns for marine businesses?
Yes. The main items are depreciation on vessels and equipment, inventory of boats and parts, customer deposits, and the separate Florida depreciation schedule a C corporation needs.
Do you prepare returns for short-term rental owners?
Yes, whether the rentals are held personally or in an LLC. The federal treatment depends on the average guest stay and the owner's involvement, and we reconcile the rental income to the sales and tourist development tax returns filed during the year.
Do you prepare returns for contractors?
Yes. The items that matter include the accounting method for long contracts, work in progress, depreciation on vehicles and equipment, and worker classification.
Do you prepare returns for medical and professional practices?
Yes. We plan owner compensation, retirement plan contributions, and equipment depreciation, and prepare the practice return with the owners' personal returns.
Sources & authorities
Primary sources for this page
Sales tax rate.Florida sales and use tax: the 6 percent state rate, registration, and how often a business files.
Tangible personal property.section 196.183, Florida Statutes: the $25,000 exemption that a timely return claims, and the waiver of later returns while the property is worth $25,000 or less.
This page summarizes Florida, county, and federal tax rules for general information, and is not tax advice for your situation. Rates, exemption amounts, and thresholds change each year; confirm the current figures with the authority before you rely on them.
