Quick Answer: Most Florida business owners miss out on tax savings simply because no one has shown them what’s available. Polaris’s free Tax Strategy Finder is a 2-minute tool that gives you a personalized preview of real IRS-approved strategies—based on your actual situation.

If You’re a Florida Business Owner, You May Be Missing These Tax Breaks

Florida may be an income tax-free state, but that doesn’t mean you’re off the hook when it comes to taxes. Business owners, investors, and high-income professionals across the state routinely overpay—often because they’re unaware of the strategies they’re allowed to use.

At Polaris Tax & Accounting, we built something to change that.

It’s called the Polaris Tax Strategy Finder—a free online tool that gives you a custom preview of tax-saving strategies based on your specific situation. In less than 2 minutes, you’ll get matched with IRS-approved approaches that often go overlooked.

7 Florida-Friendly Tax Strategies You Might Be Missing

1. Electing S Corporation Status
If you’re operating as an LLC or sole proprietor, switching to an S Corporation could save you thousands in self-employment tax. Florida business owners commonly benefit here—especially if net profits are $75K+.

2. Hiring Your Children
Have kids under 18? You may be able to pay them a reasonable wage through your business. It’s deductible to you and tax-free to them up to the standard deduction. This is legal and powerful when structured properly.

3. Maximizing the Home Office Deduction
Remote work is common across Florida—from Naples to Jacksonville. If part of your home is used regularly and exclusively for business, you might qualify for this deduction even if you rent.

4. Vehicle & Mileage Deductions
Driving between sites, to client meetings, or for errands? You may be able to deduct mileage or actual vehicle expenses. We often see this missed—even by real estate pros and contractors.

5. Section 179 & Bonus Depreciation
Buying equipment, computers, or furniture for your Florida business? You may be able to deduct the full cost this year rather than depreciating over time.

6. Health & Retirement Plans
Contributions to an HSA, solo 401(k), or SEP IRA can reduce your federal tax liability while building future wealth. Many self-employed Floridians aren’t maximizing these tools.

7. Timing Income & Expenses
Florida businesses on cash basis accounting can legally accelerate expenses or defer income to shift their tax bill into a better year. But timing matters—and planning ahead is key.

Try It Now—And See What Strategies Might Apply to You

Our free Polaris Tax Strategy Finder asks a few simple questions about your situation (business ownership, real estate, dependents, etc.) and instantly matches you with a list of IRS-approved tax strategies.

  • No spreadsheets.
  • No commitment.
  • No pressure.

Just real insight—based on your answers.

👉 Try the Polaris Tax Strategy Finder Now

Why Polaris Built This Tool for Florida Clients

Too many Florida taxpayers don’t realize what they’re missing until after the tax year ends. That’s a problem. We believe tax planning should be proactive—not reactive.

This tool is our way of giving you a head start.

And if you like what you see, we’ll help you confirm your eligibility, quantify your savings, and implement these strategies the right way.

Disclaimer

The Polaris Tax Strategy Finder is designed for educational use only. It does not constitute legal, tax, or financial advice. Your results are based on general IRS strategies that may or may not apply to your individual case. Always consult with a qualified tax advisor to confirm strategy eligibility and ensure full compliance.

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