Starting a business is exciting. Setting it up incorrectly is expensive.
Red Square Accounting and Tax helps Orlando founders choose the right entity, file correctly in Florida, and connect formation to what matters next: bookkeeping, payroll, compliance, and year-round tax planning.
Orlando-based, national reach. Our team includes IRS credentialed tax professionals who support clients across the U.S. year-round.
Quick Answers
Business formation is choosing your entity type, filing your registration, setting up the right tax accounts when needed, and establishing a clean accounting system so your business stays compliant and audit-ready.
Timelines vary by entity type and filing method. Still, most founders can complete setup quickly when entity selection, documents, and tax and operational setup are handled in a single coordinated process.
Florida state filing fees for an LLC are typically $125 for the filing and registered agent designation, excluding optional items and professional service fees.
Florida does not impose a state personal income tax on most individuals.
Florida imposes a corporate income tax on corporations and certain entities taxed as corporations at the federal level.
Who is This For
Founders and owner-operators
You want the right entity, clean books, predictable payroll, and proactive tax planning, without DIY mistakes you have to unwind later.
High-income professionals and families
You want forward-looking advice, audit-ready records, and a team that stays engaged all year, especially with equity compensation, real estate, multi-state work, or complex income.
Multi-state and international scenarios
You need coordinated support across states, clear documentation, and a reliable team that understands how formation decisions affect filing requirements.
What We Do
This is not file and forget. Formation is step one. We build a foundation you can scale.
Entity selection and tax strategy
- LLC vs S Corp vs C Corp decision support based on income type, payroll needs, growth plans, and compliance tolerance
- Tax planning considerations for owner compensation, deductions, and quarterly estimates
- Second opinion review if you have already and want confirmation that you are set up correctly
Florida filings and registrations
- Florida entity formation filings and coordination
- Annual compliance guidance so deadlines do not sneak up
Accounting foundation
- QuickBooks Online setup and cleanup
- Chart of accounts aligned to your business model
- Monthly reconciliation and financial reporting for decision making, lending, and tax readiness
Payroll setup and support
- Payroll setup and ongoing processing
- Guidance on employer requirements, including Florida reemployment tax responsibilities
Sales tax support when applicable
If your business needs sales tax registration and filing, we align your bookkeeping with Florida requirements and help you stay current.
LLC vs S Corp in Florida
Florida is unique because individuals generally do not pay state income tax, but entity choice still matters for federal taxes, payroll requirements, and long-term planning.
LLC
S Corp Election
C Corp
Our Process
Step 1: Entity Selection Session
We learn your income model, goals, and risk profile, then recommend an entity structure that fits your reality.
Step 2: Formation and Registration
We coordinate your filings and essential setup so you are legally established and operationally ready.
Step 3: Accounting System Buildout
We set up your bookkeeping foundation and clean up any messy starts.
Step 4: Payroll and Compliance Cadence
We establish predictable payroll processes and a compliance rhythm that supports tax planning.
Step 5: Year-Round Planning
You get proactive checkpoints so taxes do not become an annual surprise.
Florida Compliance Checkpoints
Florida LLC annual report deadlines
Florida requires LLCs to file an annual report, and late filing can incur a significant fee. We help you keep this on track.
Employer responsibilities
If you have employees, the Florida reemployment tax applies at the employer level. We help you set payroll up correctly and stay current.
Sales tax when applicable
If you sell taxable goods or services, we help assess your requirements and align registration, reporting, and bookkeeping.
Why Red Square Accounting And Tax
Formation to filings under one roof
Entity selection, bookkeeping, payroll, tax strategy, annual filings, and allied services when needed.
Premium, proactive, year-round support
We are not a tax-season-only shop. We stay engaged so you can make better decisions throughout the year.
Orlando boutique, national reach
Work with us in Orlando or remotely, using the same forward-planning approach.
Allied services that reduce friction
Apostille and translation support are available when documentation needs to move quickly.
Service Fit and Pricing Cues
Pricing depends on:
- Entity complexity
- Whether you need payroll setup
- Whether bookkeeping is ongoing monthly
If you want a quick answer, book a short consult, and we will scope it out clearly.
Orlando Business Formation and Entity Selection FAQs
Many founders do not, but some situations benefit from legal review, such as multi-owner agreements, investor terms, or specialized licensing. We handle the tax and accounting side and coordinate when legal input is needed.
Yes. We can review your current setup, clean up your accounting, confirm registrations, and build a year-round compliance and planning cadence.
It often becomes relevant when profit supports payroll, and you are ready for more structure and compliance. We evaluate the tradeoffs and help you get the timing right.
Florida LLCs must file an annual report. Missing the deadline can lead to a late fee and administrative issues. We help you stay ahead of it.
Yes, when relevant to your business model. We start with a quick assessment, then align registration and bookkeeping so sales tax reporting stays clean.
Orlando Service Area
If you are in Dr. Phillips, along the Turkey Lake and Universal corridor, or anywhere in greater Orlando, you can meet with us locally or work with us remotely.
Office: 6052 Turkey Lake Rd, Suite 144, Orlando, FL 32819
Phone: 407-717-8150
Ready to Start? Let’s set it up correctly from day one.
Book a free 15 minute consultation
