Corporate Tax in North Miami Beach, Florida

Find the right Corporate Tax attorney in North Miami Beach, FL

Corporate Tax Lawyers in North Miami Beach

In North Miami Beach, 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 North Miami Beach, Florida

All corporations in America have to pay a federal income tax. Various states also have a corporate income tax, which corporations operating in North Miami Beach, Florida have to pay.

In most states, and at the federal level, corporations are taxed at a different rate than individuals. At the federal level, the corporate income tax maxes out at 35% for corporations that earn more than .3 million per year. Corporations that earn less than ,000 per year are taxed at 15%. There are many tax brackets in between. Nonetheless, the individual federal income tax rate tops at 33%.

In Florida the corporate tax rate likely differs from the individual tax rate as well. In many states, policymakers have decided that the local economy benefits most when it is business-friendly. In those states, the corporate tax rate is usually lower than the individual income tax rate, unlike the federal system, where the corporate tax rate is higher.

Whatever a company's legal tax rate is, all corporations in North Miami Beach, Florida must pay the taxes assessed against them. If they don't, they can be made to pay very massive fines - normally much larger than their original tax bill.

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

Many bigger companies have corporate attorneys and accountants on staff who help them adhere with federal and state tax laws.

But most smaller North Miami Beach 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 North Miami Beach, Florida as soon as you can.

Talk to a Tax Law Attorney now!

Life in North Miami Beach

North Miami Beach is a suburb located in the Miami-Dade County of Florida. The city was originally named Fulford, and was renamed North Miami Beach in 1931. It is home to about 39,000 people.

Some popular attractions include Haulover Pkr, Haulover Beach, the St. Bernard de Clairvaux Church, and the Judge Arthur I. Snyder Tennis Center.

Famous people who have lived in North Miami Beach include Jonathan Zaslow, Max Jean-Gilles, Garcelle Beauvais, and Louis Delmas.

Miami is home to many law firms of all sizes. These firms train excellent attorneys with sharp minds and a "keen legal eye." Therefore no legal matter will pass unattended for North Miami Beach residents.

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