Premium Pro Help

Florida

The Florida module calculates local business taxes as prescribed by Chapter 205 of the Florida Statutes. A copy of Chapter 205 is included in the Florida Help File. Premium Pro Municipal does not calculate taxes for firefighters' pension trust fund or municipal police officer’s retirement trust fund as prescribed by Chapter 107.032-401 and Chapter 185.08. This calculation is done as part of the Florida state return (see Florida annual return in Premium Pro PC software). The module does not calculate any tax that may be detailed in Chapter 624 of the Florida Statutes.

Chapter 205 does not prescribe a standardized method of taxing insurance companies. As a result, municipal ordinances may vary significantly. Premium Pro Municipal will calculate the tax due for an insurance company only. It does not calculate taxes due for agents, salespersons, adjusters, etc.

Due to the lack of standardization between municipal tax ordinances, it is not possible to create a standard generic license fee tax return that can calculate all taxes for every municipality. Certain taxes not calculated by Premium Pro Municipal are listed in the Florida Return Instructions. Please review this information before filing your taxes to insure you are paying all relevant fees.

In order to calculate taxes you must check the correct company type in the input schedule: PC, Life, or Title. If the company also writes A&H, select the checkbox for this as well. Premium Pro does not calculate additional lines of business beyond A&H, so please review the return instructions for additional information.

Certain municipalities charge a different company fee for companies that are located with the city limits. For these municipalities, you must select the checkbox in the column "Local Office" if the company is located within the city limits. Municipal also calculates local fees based on office square footage and number of employees. Enter square footage or number of employees in the correct column, if applicable.