Florida businesses face significant penalties for late filing and non-payment of sales taxes, including:

• Late Filing Penalties: Fees calculated as a percentage of the owed tax plus interest on overdue amounts.

• Non-Payment Penalties: Substantial fines, additional interest, and potential legal actions such as liens, levies, or garnishments.

• License Suspension or Revocation: Risk of business licenses being suspended or revoked.

• Reputational Damage: Loss of business reputation and financial standing.

Maintaining timely filings and payments is crucial to avoid these severe repercussions and ensure compliance with state tax regulations.