No, the LLC does not have to file or pay quarterly taxes, but your wife as a self-employed individual will need to file an pay quarterly taxes. An LLC has no tax liability (other than employee taxes which you state there are none). All income flows through to each partner and is taxed at their individual rates.

Do I have to file a Florida S corp return?

There is no Florida corporate income tax filing requirement for an S-corporation unless the S-corporation is liable for federal income tax. This includes an initial or final tax return.

What is the tax rate for a S corporation in Florida?

The rate for this tax is about 6 percent of the wages, but the S corporation can get deductions for any money it has contributed to a Florida unemployment fund. Florida S corporation shareholders are required to pay income tax for their share of the earnings from the corporation.

What kind of tax do you pay on a LLC in Florida?

When this is the case, an LLC does not pay state income tax in Florida because it is not a corporation. In rare cases, an LLC is also incorporated. In Florida, this results in state income tax at either 5.5% or the 3.3% alternative minimum tax.

How to file and pay corporate income tax in Florida?

You can use the Department’s website to file and pay most Florida taxes, including the corporate income tax. You will need to enroll for eServices with the Department to use this option. Once enrolled, select “Corporate Income Tax File and Pay” from the File and Pay webpage to:

How does a LLC and S corporation work?

The corporations do not pay taxes on the profits made each year. Instead, they are passed through the corporation to the owners and employees and are reported on the individual’s tax returns. In addition, the LLC’s and S Corporation forms enable the owners to be separated from the business and it also provides liability protection.