Miami
Virtual bookkeeping services in Miami
Outsourced bookkeeping for Miami companies. No state personal income tax does not mean no filings, and C-corps still owe Florida.
Outsourced bookkeeping for Miami companies. No state personal income tax does not mean no filings, and C-corps still owe Florida.
At a glance
Florida has no personal income tax, which is a genuine advantage and the reason a lot of founders relocated. It is also routinely over-read into meaning Florida companies have little to file.
Florida levies a corporate income tax on C corporations. A Delaware C-corp operating from Miami is inside it. The personal exemption that makes Florida attractive to a founder as an individual does not extend to the company they run.
Florida charges state sales tax, and counties add a discretionary surtax on top. Miami-Dade has its own. A company selling into multiple Florida counties is dealing with more than one effective rate, and getting that wrong is the most common Florida compliance issue we see — particularly for ecommerce sellers.
Moving yourself to Florida and moving the company are different acts with different consequences. If the company still has employees, property, or substantial activity in the state you left, that state will generally still expect a return. The personal move is clean; the corporate one rarely is.
Daily categorisation and reconciliation, sales tax handled by county rather than at a single blended rate, a monthly close with a named accountant, and the Delaware franchise tax handled if you are incorporated there.