Corporate Tax in Miami Gardens, Florida

Find the right Corporate Tax attorney in Miami Gardens, FL

Corporate Tax Lawyers in Miami Gardens

In Miami Gardens, Florida, a "corporation" is specified as a legal entity that's separate from its owners. Therefore, 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 basically 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 commitments is the duty to pay income tax in much the same way as an individual person.

Corporate Tax Rate in Miami Gardens, Florida

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

Under federal laws that control 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 determined 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 Gardens, Florida, corporations must pay both the federal and state corporate income tax. Failing to pay these taxes can result in grave punishment, including huge fines which can put a corporation out of business.

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

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

But most smaller Miami Gardens corporations cannot afford to have these professionals on staff. Therefore, they simply hire them as needed. If you are a business owner, and you have concerns about corporate taxation, you should seek the counsel of a competent and dependable tax lawyer in Miami Gardens, Florida as soon as you can.

Talk to a Tax Law Attorney now!

Life in Miami Gardens

Miami Gardens is a suburb of Miami. It is home to approximately 107,168 people. It is also known for having the largest Black population in Florida.

Since many know South Beach, the smaller area of Miami Gardens is not as well-known. However, Miami Gardens is home to the Miami Dolphins! The Miami Dolphins play in Sun Life Stadium, near Lake Lucerne. This stadium is host to the annual Orange Bowl for college football. Therefore, if South Beach is filled with a stretch of beautiful beaches, Miami Gardens caters to athletes and sports lovers.

Further, Miami is filled with law firms of all sizes. Therefore, the residents of Miami Gardens will have no issue finding proper legal help. The legal force in Miami is capable of handing any legal inquiry.

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