NEWS & BLOG

Florida ranks 5th in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property. The ranks of neighboring states are as follows: Georgia, 32nd, Alabama, 21st, and Alabama, 21st.

The LePage plan proposes the doubling of the homestead exemption (to $20,000) for senior citizens and its elimination for taxpayers under age 65. It also halves the current 100 percent exemption above a $500,000 exemption for the real property of nonprofit organizations, with the exception of houses of worship, the property of which would remain fully tax-exempt.

A few reasons why hiring an outside consultant for your company could be a wise business decision. There is a cost to using internal subject matter experts and senior leaders – their time. External resources are sometimes needed when the required expertise is missing or in short supply within a company.

The trend away from business personal property taxes is a promising one, because this class of tax is uniquely harmful to economic growth and productivity. While taxes on real property (land) are generally thought by tax experts to be relatively “good” taxes, taxes on personal property are more destructive.

In order to stay competitive in todays fast-paced, highly dense, and tech driven industry you need an IT consultant that can achieve your goals while maintaining a high rate of return on your investment. Rather than outsourcing to multiple companies or attempting to run your own in-house IT department, consider the multitude of benefits associated with hiring an experienced and capable IT consultant.