What to Know When Transferring Your Business to Florida
With lower taxes being the main driving force, tons of businesses have found themselves moving to “tax-friendly” states, like Florida, and the fantastic beach-front housing opportunities and warm year-round weather makes that move even better!
Florida, in particular, because of its SALT tax method (which allows taxpayers to itemize more deductions, such as property taxes, for greater tax breaks) is a veritable safe-haven for those who are looking to ease their tax burden. Due to Coronavirus, many are being urged to relocate to Florida in numbers as high as 1,000 per day, often bringing their work with them.
Those who are looking ahead at a business transfer to Florida can make their relocation smooth by using the following tips: