Business Tax Returns — Miami
What’s Included
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Corporate Tax Returns (Form 1120) — Full preparation of C-Corp federal returns, including Florida Form F-1120 for the state’s 5.5% corporate income tax. We handle the federal-to-Florida adjustments and the $50,000 exemption calculation.
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S-Corp Returns (Form 1120-S) — Preparation of pass-through entity returns with accurate K-1 schedules, reasonable compensation analysis, and proper shareholder basis tracking.
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Partnership Returns (Form 1065) — Multi-member LLC and partnership filings with correct allocation of income, deductions, and credits per your operating agreement.
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Florida Sales Tax Compliance — Review and reconciliation of your Florida DR-15 sales tax returns, including the Miami-Dade County discretionary surtax and any applicable exemptions for your industry.
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Multi-State Nexus Analysis — If your Miami business sells to customers in other states, we analyze your nexus exposure and handle any required out-of-state filings.
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Tax Credit Identification — Evaluating eligibility for R&D credits, work opportunity credits, and Florida-specific incentives like Enterprise Zone credits for qualified Miami-Dade locations.
Business Tax Returns in Miami
Here’s something that catches people off guard: Florida does have a corporate income tax. It only applies to C-Corps (and entities taxed as C-Corps), and there’s a $50,000 exemption, but if your corporation earns above that threshold, you’re paying 5.5% to Tallahassee. S-Corps, partnerships, and sole proprietors skip the state return entirely since Florida doesn’t tax pass-through income.
For businesses with customers across state lines — and in Miami, that often means international customers too — sales tax is the other piece that demands attention. Florida’s economic nexus rules, combined with marketplace facilitator laws, mean you may have collection obligations you didn’t have a few years ago. We sort through all of that during the return process so nothing gets missed.
Ready to Get Started?
Contact us to learn more about business tax return services in Miami.