Specialized tax planning, R&D credits, and CFO services for venture-backed startups in Miami. Take advantage of Florida's ZERO personal and corporate income tax while building in the fastest-growing US tech hub. Serving Brickell, Wynwood, Coconut Grove, and South Florida's booming startup ecosystem.
While Florida has no income tax (huge advantage!), all focus shifts to federal tax optimization. R&D credits, proper deductions, and strategic planning become even more critical to minimize total tax burden.
Florida charges a minimum $150 annual report fee for corporations, plus additional fees based on shares authorized. This is higher than some states' annual fees and must be paid by May 1st each year to avoid penalties.
Florida imposes 6% sales tax on electronically delivered software and SaaS products. Remote sellers must collect tax if they exceed $100K in sales to Florida customers. This affects many tech startups selling nationwide.
Miami's thriving crypto startup scene faces unique challenges. While Florida has no state income tax, federal crypto taxation is complex. Proper accounting for token sales, DeFi protocols, and NFTs requires specialized expertise.
Many Miami startups expand to Latin America. Transfer pricing, foreign tax credits, and international contractor payments require careful planning to avoid double taxation and compliance issues.
Florida has NO corporate income tax and NO personal income tax. This is a massive advantage for founders and employees. A startup making $1M profit saves $88,400 vs California (8.84%) or $95,000 vs Illinois (9.5%). Over time, this compounds significantly.
Unlike Texas (0.75% franchise tax) or Delaware ($300+ annual tax), Florida has no franchise or privilege tax. Your only state cost is the $150 annual report fee, making Florida extremely cost-effective for corporations.
Florida offers tax refunds to companies in high-tech industries that create high-wage jobs. Tech startups can receive $3,000-$6,000 per net new job created, paid annually for up to 4 years. This can offset hiring costs significantly.
Florida is actively courting crypto and Web3 companies. Miami's 'crypto mayor' and business-friendly environment make it a top destination for blockchain startups. Combined with no income tax, it's ideal for token-based companies.
When you sell your Miami startup, Florida charges NO state capital gains tax. A founder with a $10M exit saves $1.33M vs California (13.3% top rate). This makes Miami extremely attractive for high-growth startups planning for acquisition.
A Miami-based DeFi protocol with 20 employees relocated from California to take advantage of no income tax. They needed to properly account for token treasury holdings, navigate crypto tax reporting, manage international contractors in 5 countries, and ensure R&D credit documentation for protocol development.
We implemented cryptocurrency accounting systems (properly tracking token impairments), set up international contractor compliance with proper tax forms, documented R&D activities for smart contract development, and managed the California exit to avoid residual taxes.
$240K in federal R&D credits claimed for protocol development, $0 state tax vs $176K they would have paid in California, proper crypto accounting preventing $50K+ IRS adjustment, and full international compliance. Total first-year value: $466K+ vs California alternative.
Yes! Florida has absolutely no corporate income tax and no personal income tax. This applies to both individuals and C-Corporations. S-Corps and partnerships also pay no entity-level state tax. The only state cost is a $150 minimum annual report fee.
The tax savings are substantial - a startup with $1M profit saves $88,400/year vs California. However, consider your team, investors, and market access. Many startups are making this move in 2025. We can help you navigate the transition tax-efficiently, including avoiding California's exit tax.
Yes. Florida imposes 6% sales tax on electronically delivered software, including SaaS. If you have Florida customers and exceed $100K in annual sales to Florida, you must register, collect, and remit sales tax. Out-of-state sellers are also subject to economic nexus rules.
Florida has no state tax on cryptocurrency gains (huge advantage). However, federal taxation still applies - crypto is treated as property, subject to capital gains tax. Token sales, DeFi yields, NFTs, and mining all have complex federal reporting. We specialize in crypto startup accounting.
Yes! Federal R&D tax credits are completely separate from state taxes. Miami startups can claim $50K-$200K+ in federal R&D credits regardless of Florida's lack of income tax. This is pure savings against your federal tax bill, dollar-for-dollar.
Florida offers $3,000-$6,000 cash refunds per net new job for companies in high-tech industries (includes software, fintech, biotech). You must create jobs paying 150% of average wage and go through an application process. Refunds are paid annually for up to 4 years.
Schedule a free consultation with our Miami-based startup tax experts specializing in crypto and Web3. Learn how to maximize Florida's no-tax advantage and federal R&D credits.