Corporate Tax in Miami Beach, Florida

Find the right Corporate Tax attorney in Miami Beach, FL

Corporate Tax Lawyers in Miami Beach

In Miami Beach, Florida, a "corporation" is defined as a legal entity that's separate from its owners. So, from a legal standpoint, the owner of a corporation and the corporation itself are not the same "person."

This concept is referred to as "corporate personhood" in Florida, and it essentially means that, for many purposes under the law, corporations are treated the same as individual people, being subject to many of the same rights and responsibilities.

One of these obligations is the duty to pay income tax in much the same way as an individual person.

Corporate Tax Rate in Miami Beach, Florida

Every corporation in the United States is required to pay federal income tax. Most states also have a corporate income tax, which corporations doing business in Miami Beach, Florida are required to pay.

Under federal laws that govern corporate income taxes, corporations pay a different income tax rate from individual people. Corporations pay a maximum federal income tax rate of 35%, and a minimum rate of 15%, depending on their income. The high tax rate applies to corporations that make .3 million per year, and the low rate applies to any company bringing in less than ,000.

The tax rate in Florida for corporations probably also differs from the taxes that individuals must pay. In some states, the government has decided that their interests would be best served by making corporate taxes as low as possible. So in many states, the tax rate for corporations is much lower than the one paid by individuals, unlike the federal corporate tax.

In Miami Beach, Florida, corporations must pay both the federal and state corporate income tax. Failing to pay these taxes can result in severe punishment, including huge fines which can put a corporation out of business.

How Can a Miami Beach, Florida Corporate Tax Lawyer Help?

Many major corporations employ tax lawyers full time, to ensure that they are in compliance with tax laws, and find legal means to reduce their tax liability.

However, if you are the owner of a smaller corporation in Miami Beach, you probably can't afford a full-time in-house lawyer. For that reason, you should hire an attorney in Miami Beach, Florida who practices tax law, on an as-needed basis, if you ever encounter a corporate tax issue, such as an audi

Talk to a Tax Law Attorney now!

Life in Miami Beach

Miami Beach is known to many because of South Beach! Millions of tourists visit South Beach every year to relax and enjoy the Miami beaches and night life! Miami Beach, as well as Downtown Miami, is the commercial center of South Florida. Miami Beach is known as one of the U.S.'s "pre-eminent beach resorts."

Besides the beaches, some popular sites include the Guggenheim Museum, Walt Disney Concert Hall, the Miami City Ballet, and the Live Wallcasts building, designed by award-winning architect Frank Gehry.

Some famous Miami Beach residents include Walter Briggs, Sr, Kent Cooper, Jackie Gleason, Knute Rockne, Nicholas Schenck and Albert Warner.

Miami is also filled with many law firms, of all sizes. These firms train excellent attorneys. Therefore Miami Beach residents can remain rest assured because any and every legal matter of theirs can be handled by Miami's legal force!

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