Our Brickell office at 200 South Biscayne Boulevard. CPA-led accounting, tax, and CFO advisory for South Florida businesses, funds, and the people who moved here.
Where we are. 200 South Biscayne Boulevard, in Brickell. The office serves Miami-Dade and Broward, and a large share of the work is remote across Florida.
What we do here. Technical accounting and SEC reporting, CFO advisory for funds and venture-backed companies, and the bookkeeping, accounting, and tax that South Florida businesses need every month.
Why Florida is different. No personal income tax, so there is no pass-through election to make and no state return for most owners. What replaces it is sales tax, property tax, the federal return, and, for anyone who recently moved, proving the move to the state they left.
Corviniti Accounting has an office at 200 South Biscayne Boulevard, Miami, FL 33131, in Brickell. We opened it because our clients moved: first the private equity, venture, and crypto funds that relocated to South Florida, then the founders and family offices who followed, and then the operating businesses that grew around them. A CPA leads every engagement.
Florida changes the shape of the work. The state constitution prohibits a personal income tax, so there is no state return for most owners, no state tax on wages or capital gains, and no PTET or BAIT equivalent, because there is no individual state tax to work around. Florida does levy a 5.5 percent corporate income tax on C corporations, which is worth saying plainly because it is reported incorrectly so often.
What takes the place of an income tax is sales tax at 7 percent in Miami-Dade with a surtax cap most sellers miss, property tax and the exemptions that soften it, the federal return, and, for anyone who arrived recently, the examination their former state may run. Those are the things this page goes into.
Sales tax
Sales tax for a Miami seller
The state rate, the Miami-Dade surtax, and the $5,000 cap on the county piece that out-of-state sellers get wrong more often than anything else in Florida.
Florida and Miami-Dade sales tax. Confirm the county rate before filing.
Business tax
What Florida actually charges a business
Florida has no personal income tax and no pass-through election, because there is nothing to work around. It does have a corporate income tax, and it does not follow the federal code in full.
Florida business taxes by entity type. Illustrative, not tax advice.
Property tax
Homestead, Save Our Homes, and a Miami-Dade bill
With no state income tax, property tax is the largest recurring state and local cost most Florida owners carry. The exemption, the assessment cap, the parts of both that are narrower than they sound, and the amendment going to voters in November.
Florida property tax mechanics. Figures move each year.
Relocation
Moving to Florida from a high-tax state
Establishing Florida domicile is straightforward. Documenting it well enough to survive the examination the state you left will run is the actual work.
Residency depends on specific facts. Illustrative only.
Capital
The Miami capital map
Where South Florida companies actually raise money, from community banks and the SBA through state and county programs to the funds and family offices now based in Brickell.
Three lanes of capital. Confirm current program terms.
The Detail
The gaps, and how we close each one
Topic 01
What we do from the Miami office
Corviniti covers a wider range than most firms of our size, so it is worth being specific about the work.
How we handle it
Three bodies of work run out of this office. Technical accounting and reporting: revenue and lease positions under ASC 606 and ASC 842, equity and debt instruments, business combinations, and SEC reporting for S-1, 10-K, and 10-Q filers. IPO and SPAC readiness: closing the gap between private-company books and what an effective registration statement requires, including the PCAOB audit uplift, cheap stock, and the close process a public company has to run. That work matters here because South Florida now holds a real concentration of sponsors and funds. Operating finance: fractional CFO work, outsourced accounting, and the monthly bookkeeping and tax that Miami businesses need. The same people who handle a public-company close set up a restaurant's chart of accounts.
Topic 02
Florida sales tax, and the surtax cap
Sales tax is where Florida takes the money it does not take through an income tax, and the Miami-Dade rules have one specific quirk that costs sellers real amounts in both directions.
How we handle it
The Florida state rate is 6 percent on most sales of tangible personal property. Miami-Dade adds a 1 percent discretionary surtax, so a Miami-Dade sale is 7 percent combined. The quirk: the county surtax applies only to the first $5,000 of a single item, while the state 6 percent applies to the whole price. On a $40,000 machine, charging 7 percent across the board overcharges the customer and creates a liability you now owe back. The cap is per item, and two or more items sold at the same time share a single $5,000 cap only where they are normally sold in bulk or are being assembled into one working unit. County surtaxes across Florida run roughly 0.5 to 2 percent and follow where the buyer takes delivery, not where your office is, so a company selling statewide is tracking rates by destination. Register with the Department of Revenue before making taxable sales; collecting without registering carries penalties. One structural point worth repeating: sales tax collected is the state's money sitting in your account, so it belongs in a liability account and never in income.
Topic 03
Florida does not follow the federal code in full
A company whose advisers work only on the federal return will book a Florida number that does not tie, because Florida adopts the Internal Revenue Code with exceptions and re-picks them every year.
How we handle it
Two items reach most Florida C corporations. Florida decouples from bonus depreciation under IRC section 168(k): for assets placed in service before January 1, 2027 the federal deduction is added back in full and then taken over seven years instead, so the Florida basis and the federal basis diverge from the year of purchase. And Florida's 2026 conformity bill adopts the Code as it stood on January 1, 2026 while holding several One Big Beautiful Bill Act provisions at their January 1, 2025 treatment, which preserved the state's tax base and left federal and Florida deductions out of step. The practical consequence is that a Florida return carries addition and subtraction adjustments that have to be tracked as they arise. Reconstructing several years of depreciation adjustments at filing time is the expensive way to do it, and it is how most of these arrive with us.
Topic 04
The commercial rent tax repeal
Florida used to be the only state in the country that charged sales tax on commercial rent. Leases signed under the old rule, and books set up under it, still carry the assumption.
How we handle it
The tax was repealed effective October 1, 2025 under the 2025 tax package, HB 7031. The state rate had already fallen from 6 percent in 2017 to 2 percent by the time it went, with a county surtax of roughly 0.5 to 1.5 percent on top. Office, retail, warehouse, and self-storage leases no longer carry either one. Rent charges incurred through September 30, 2025 are still taxable, so an open period or an examination still runs under the old rule even though current rent does not. Short-term residential rentals and parking stay taxable, so the repeal is narrower than the headline. Two practical consequences: a lease that grosses up rent for the tax needs reading again, and a chart of accounts that accrued it needs the accrual removed. For a business with New York exposure the contrast is worth knowing, because New York City still runs a Commercial Rent Tax on Manhattan tenants below 96th Street, and San Francisco still charges a Commercial Rents Tax. Florida is the one that abolished its version.
Topic 05
Property tax, homestead, and Save Our Homes
With no income tax, property tax carries more weight in Florida than almost anywhere, so the exemptions are worth getting right, and the homestead exemption has to be applied for.
How we handle it
The homestead exemption comes in two parts and totals about $51,411 for 2026. The first $25,000 is fixed and comes off every levy including school taxes. The second part is indexed to CPI and is $26,411 for 2026; it applies to assessed value between $50,000 and $76,411 and does not come off school taxes, which makes the saving smaller than the headline total suggests. Save Our Homes caps the annual increase in assessed value on a homesteaded property at the lower of 3 percent or CPI, whatever the market does, and portability lets accumulated savings move to a new Florida home up to $500,000. Miami-Dade combined millage runs roughly 18 to 21 mills depending on the city or unincorporated zone, made of county, school board, municipal, and special district levies. A change of use or of ownership removes homestead and resets the assessment to market, so a bill can jump sharply in a single year. See the Miami-Dade Property Appraiser for current figures.
A change on the November 2026 ballot.Amendment 3 (CS/HJR 1F) would raise the non-school homestead exemption to $150,000 in 2027 and $250,000 in 2028. It needs 60 percent approval at the election on November 3, 2026, so it may not happen. The provision worth knowing about now is the five-year waiting period it carries for anyone who establishes Florida permanent residency on or after January 1, 2027: those owners would get only a $50,000 non-school exemption for the first four years, stepping up in the fifth. Establishing permanent Florida residency by December 31, 2026 would avoid that wait entirely. From 2030 a county, city, or school board could waive the waiting period by a two-thirds vote.
Topic 06
Moving to Florida, and the state you left
A large share of our Miami work starts with a move. The move itself is simple; the state being left rarely accepts it quietly.
How we handle it
Establishing Florida domicile means a Florida residence, a Florida driver's license and voter registration, a Declaration of Domicile filed with the county, and moving where life actually happens. The harder part is the other side. High-tax states examine departures, the burden of proof sits with the taxpayer, and the examination is decided on records. Two mistakes recur. First, statutory residency: keeping a home in the old state and spending more than 183 days there can make you a resident of both, which costs more than never having moved. Second, income sourcing: compensation and equity earned while working in the old state usually stay taxable there whatever your address says when it vests. New York is the state we see do this most aggressively, and Ro is licensed in New York as well as New Jersey, so a New York to Florida move is handled on both sides by the same person. The work is mostly done before the letter arrives: contemporaneous day logs, travel and card records, and documentation of where the work was actually performed.
There is also a Florida-side deadline worth putting on the calendar. If Amendment 3 passes in November 2026, anyone who establishes Florida permanent residency on or after January 1, 2027 faces a five-year wait before the enlarged homestead exemption applies. A move already planned for early 2027 is worth looking at again now, because completing it by December 31, 2026 would sit on the right side of that line.
Topic 07
The South Florida businesses we work with
Miami's economy is not one thing, and the accounting problems differ sharply by sector.
How we handle it
Funds, sponsors, and venture-backed companies. Management company and fund accounting, carried interest allocations, portfolio company reporting, and the diligence-grade books a priced round or a sponsor's investors expect. This is closest to the work the rest of the firm is built around.
Real estate owners and developers. Per-property reporting, depreciation and cost segregation, passive activity and real estate professional positions, 1031 exchanges, and the property tax picture above. Condominium and short-term rental structures bring their own reporting.
Restaurants, bars, and hospitality. Merchant deposits net of processor fees, tips through payroll, sales tax at the Miami-Dade combined rate, and a books-to-point-of-sale tie-out that survives a Department of Revenue review.
International and Latin American businesses. Miami is the entry point for a great deal of Latin American investment, which brings inbound structuring, transfer pricing questions, foreign owner reporting, and the federal information returns that carry the largest penalties on the tax code.
Trades, contractors, and professional practices. Job-level costing and work in progress for contractors; insurance deposits reconciled to billed production, provider compensation, and entity and retirement plan structure for medical and dental practices.
Topic 08
Related pages
If you want more depth on a specific service, or on how the New York rules compare, these go further than this page does.
How we handle it
Our service pages cover bookkeeping, fractional CFO services, IPO readiness, and the technical accounting work behind them. For the New York comparison, which comes up constantly with clients who have moved or who kept a business up north, see our New York City office page. Corviniti is an accounting advisory firm and not a CPA firm, so we do not perform audits, reviews, or compilations; where you need one we work alongside the firm that does.
FAQ
Frequently asked questions
Where is Corviniti's Miami office?
200 South Biscayne Boulevard, Miami, FL 33131, in Brickell. The phone number is (786) 686-8570 and the map above shows the location. Meetings are by appointment; most first conversations happen by phone or video because it is faster.
Does Florida really have no income tax?
No personal income tax, correct. The state constitution prohibits it, so there is no Florida tax on wages or capital gains and no state estate tax. Florida does levy a 5.5 percent corporate income tax on C corporations, which is a separate thing and gets reported wrongly often. S corporations, partnerships, LLCs, and sole proprietors generally owe no Florida income tax on the passed-through profit.
Is there a Florida equivalent of the New York PTET?
No, and there is no reason for one. A pass-through entity tax exists to move state tax to the entity so it becomes federally deductible. Florida does not tax the individual on that income in the first place, so there is nothing to move. If you have income in states that do tax it, the election may still matter on those returns.
I just moved here from New York. What should I be doing now?
Building the record while the year is still open. File a Declaration of Domicile, move your license and voter registration, keep a day log during the year, because a reconstruction carries less weight in an examination, and be careful about how much time you spend in the old state and what you kept there. New York examines departures closely and decides them on documentation. Ro is licensed in New York as well as New Jersey, so both sides of that move are handled by the same person.
I am planning a move to Florida in 2027. Does the November ballot measure change my timing?
Possibly, and it is worth looking at now. Amendment 3 would raise the non-school homestead exemption to $150,000 in 2027 and $250,000 in 2028, but it carries a five-year waiting period for anyone who becomes a Florida permanent resident on or after January 1, 2027. Establishing permanent residency by December 31, 2026 would avoid that wait. The amendment needs 60 percent approval on November 3, 2026, so it may not pass, and the residency question has its own consequences on the state you are leaving. Both sides are worth modelling before you move a date.
Do I need to be in Miami to work with this office?
No. Most of our work is remote and our clients run across all fifty states. The office matters for the South Florida market we know and for clients who want to meet in person.
Sources & authorities
Primary sources for this page
Florida sales tax and the county surtax.Florida Department of Revenue: the 6 percent state rate, the discretionary county surtax, and the 5,000 dollar cap on the surtax per item.
Commercial rent tax repeal.HB 7031 (2025): the repeal of the sales tax on commercial rent effective October 1, 2025, with rent through September 30, 2025 still taxable.
Amendment 3, on the November 2026 ballot.CS/HJR 1F: the proposed 150,000 dollar and 250,000 dollar non-school homestead exemptions and the five-year wait for residency established on or after January 1, 2027.
Homestead exemption and Save Our Homes. Article VII of the Florida Constitution and Chapter 196, Florida Statutes: the 25,000 dollar base exemption, the indexed second tranche that does not reduce school taxes, and the 3 percent assessment cap.
Miami-Dade assessments and millage.Miami-Dade Property Appraiser: current exemption amounts and the combined millage by municipality.
Declaration of Domicile. Section 222.17, Florida Statutes: the filing that evidences Florida domicile.
Corporate income tax. Chapter 220, Florida Statutes: the 5.5 percent rate and the adoption of the Internal Revenue Code with Florida’s own exceptions, including the add-back of bonus depreciation.
This page summarizes Florida and Miami-Dade tax rules for general information, and is not tax or legal advice. Amendment 3 has not been voted on, rates and exemption amounts change each year, and residency depends on your own facts; confirm the current text before you rely on it.
