The Failure to Remit Collected Sales Tax is a Felony

One of the worse things cash-strapped business owners can do is collect sales tax from their customers and then use that money to pay other business expenses. The state of Florida calls this Theft of State Funds and it’s a felony. The reason for this is obvious: Business owners who apply for a Florida sales tax registration… Continue reading The Failure to Remit Collected Sales Tax is a Felony

What is Florida’s Tax Audit Process?

Like the IRS, the Florida Department or Revenue generally audits Florida residents and Florida businesses because they have reason to believe they may not be in compliance with the tax laws. Florida’s Audit Selection Process The DOR uses a variety of strategies for collecting information about Florida residents and businesses. Here are some of the… Continue reading What is Florida’s Tax Audit Process?

Warning to Bar/Restaurant Owners: Failure to Pay Sales Taxes Can Result in Loss of Liquor License

The Minnesota Sun reports that the owner of the King of Diamonds strip club in Inver Grove Heights pleaded guilty in federal court to one count of filing a false income tax return Thursday, Dec. 11. According to information from the U.S. Department of Justice, 65 year old Lawrence Frank Kladek, enter his guilty plea after striking a plea… Continue reading Warning to Bar/Restaurant Owners: Failure to Pay Sales Taxes Can Result in Loss of Liquor License