1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services handled by experts designed to give you peace of mind and the extra time you need to focus on building your business.
Business Tax Preparation: Leave the complexities of Miami business taxes to our seasoned CPAs. With an average of 17 years in the industry, they'll ensure your filings are accurate and maximize your savings. Trust the experts to navigate Florida's tax landscape and keep more profits in your pocket.
Bookkeeping: Maintain a rock-solid financial foundation with our meticulous Miami bookkeeping services. We'll deliver precise, error-free books that empower data-driven decisions to propel your business forward. Easy-to-grasp reporting equips your accountant with the insights to model a prosperous future.
Tax Advisory: Taxes impact your Miami business all year long, not just in April. Our affordable advisory service pairs you with a dedicated small business CPA to strategically minimize your Florida tax burden while ensuring full compliance as regulations evolve.
Payroll: Kiss payroll headaches goodbye with our comprehensive service handling payments, tax filings, and submissions to Miami's authorities. We'll make sure everything is accurate and on time so you can focus on driving your business.
Business Formation: Get started on the right foot by formally establishing your Florida business with our complimentary incorporation services. Just cover the Miami fees, and we'll handle the rest, optimizing your structure for maximum tax efficiency and growth potential.
Level | Rate |
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State Tax Rate | 6% |
County Tax Rate | 1% |
Municipal Tax Rate | None |
Combined Sales Tax Rate | 7% |
City-Specific Taxes |
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Miami businesses must obtain a business tax receipt. |
Licenses and Permits |
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Must apply for a certificate of use with information about the space you are occupying. |
Grants and Funding in Miami | Grants and Funding Information |
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The Mom and Pop Small Business Grant Program | The Mom and Pop Small Business Grant Program offers funding opportunities for small owned and operated businesses to purchase equipment, supplies, advertising/marketing, inventory, building liability insurance, security systems and to make minor renovations. |
When choosing an accountant or bookkeeper for your Miami small business, you should consider the following factors:
Certifications and State Compliance: Ensure the accountant or bookkeeper has the right title and certifications, such as working as a CPA. They should also be fluent in Florida's specific tax regulations and compliance requirements.
Experience and Specialization: Search for professionals with experience in your specific industry. Specialized knowledge is crucial for managing industry-specific financial matters and for strategic long-term planning.
Understanding of Local Economic Conditions: Opt for a professional who understands the local economic environment in Miami. This includes familiarity with the city's prominent industries, such as tourism, international trade, and real estate, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Florida offers business-friendly tax incentives, including credits for job creation, capital investment, and specific industry advantages. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.
Whether it's the beautiful sandy beaches, influential art scene, diverse wildlife, or state-of-the-art galleries and museums, Miami, a world-renowned destination, offers something for everyone. Because of its global appeal, Miami has solidified itself as an economic powerhouse, making the city an attractive place for a new generation of entrepreneurs and business owners intent on serving and satisfying the evolving demands of its growing population. Core industries essential to Miami's economic success include tourism and hospitality, aerospace and technology, real estate, international trade, and maritime. While its signature industries may also operate in other parts of Florida, Miami has transformed into the economic hub where every business vies to be a part.
Tourism is a fact of life in Miami, but the city also caters to its diverse full-time residents. When business owners and entrepreneurs aren't working, they might be playing in the ocean off of South Beach or touring the Everglades during a gorgeous sunny day while taking in the bright lights and excitement of Little Havana in the evening. While Miami might have cultivated an image as the exclusive hotspot for wealthier individuals, it is also family-friendly, with numerous wholesome activities for kids and young adults to enjoy and contribute to the city's rich culture.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.