Simplify Your Florida TPP Compliance with Expert Asset Services
Avoid costly penalties and optimize your tax filings with our tailored Fixed Assets services for Florida Tangible Personal Property (TPP) compliance
Why TPP Compliance Matters
Annual Requirement
Florida Businesses must accurately report the value of their movable assets—including furniture, fixtures, and equipment—for the Tangible Personal Property (TPP) tax.
Costly Penalties
Non-compliance leads to:
- 5% monthly late filing penalties (up to 25%)
- 15% for omitted property
- 25% for each unfiled year
Tax Savings on Ghost Assets
Proper compliance identifies and removes ghost assets—assets listed on your books but no longer physically present—maximizing your tax savings.
Our Comprehensive Services
Proper compliance identifies and removes ghost assets—assets listed on your books but no longer physically present—maximizing your tax savings.
Fixed Asset Inventory
We perform a detailed physical inventory of all assets—owned, leased, or rented—ensuring nothing is missed and preventing underreporting penalties.
Professional Tagging (RFID / Barcode)
Each asset receives a unique identifier, making tracking and future inventories faster and more accurate, reducing errors on your tax return.
Expert Valuation
Using Florida's standardized depreciation tables, we calculate precise asset values based on original cost, age, and condition.
Advanced Tracking System
Our tracking system accurately monitors your assets year-round, simplifying maintenance and compliance.
WHY
choose our
TPP Services?
Florida Expertise
We specialize in Florida's unique TPP rules and exemptions, ensuring complete compliance with local regulations.
Proven Results
Over 500 Florida businesses have achieved compliance with our help, saving time and avoiding penalties.
Hassle-Free Process
We manage every step of TPP compliance, so you can focus on running your business without tax worries.
Cost Savings
Accurate valuations and timely filings minimize penalties and optimize your tax position.
Frequently Asked Questions
1
What is TPP tax in Florida?
TPP tax is an annual tax on movable business assets like equipment and furniture. Florida businesses must file a return by April 1st each year reporting all business-owned assets.
2
Do I need to file if my assets are worth less than $25,000?
Yes, you must file to claim the $25,000 exemption. After one filing, you may qualify for a waiver if your value stays below this threshold.
3
How are assets valued for TPP tax?
Florida uses depreciation tables based on original cost, age, and condition. Our expertise ensures accurate valuations that comply with state requirements
4
What if I miss the filing deadline?
Late filings incur a 5% monthly penalty (up to 25% of the tax due). Our service ensures timely filing to avoid these costly penalties.
Our Simple 4-Step Process
1
Free Consultation
We discuss your business's specific TPP needs and obligations to create a tailored compliance plan.
2
On-Site Inventory & Tagging
Our team visits your location to inventory and tag your assets for easy tracking and reporting.
3
Precise Asset Appraisal & Valuation
We calculate asset values using Florida-approved methods to ensure accurate tax reporting.
4
Tracking System
We implement advanced tracking technology to effortlessly maintain accurate asset inventories and reduce maintenance costs.
Client Success Stories
Eriks K., Citrus Lakeland
"Their asset tagging system made our annual inventory process so much easier. We've reduced our tax liability and eliminated filing stress."
Food & Beverage Manufacturing Leader – Fixed Asset Compliance
"Their asset tagging system made our annual inventory process so much easier. We've reduced our tax liability and eliminated filing stress."
Ready to Simplify Your TPP Compliance?
5%
Monthly Penalty for late TPP filings (up to 25% of tax due)
15%
Omission Penalty for unreported business property
25%
Non-Filing Penalty for each year without a filing
$25K
Exemption available when you file properly
Limited spots available for our free consultation
Secure your TPP compliance today and avoid costly penalties while optimizing your tax position.
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