Miami is just one of the cities where small business ownership is thriving. In Biz2Credit’s annual rankings, several cities in California, and New York make up the top markets for small business growth, with Miami at No. 1.
Living in Miami for over 10 years now, providing small business accounting and bookkeeping services, I’ve seen first-hand the city’s evolution into a ripe market for small business ownership. Notably, the Beacon Council, the official economic development organization for Miami-Dade County, attributes the growth to a community of passionate, diverse and hardworking individuals. Furthermore, lower tax rates and no Florida state income tax makes Miami a great place for business.
Most importantly, there is no doubt on the qualities of small business entrepreneurs. They are independent and pursuing their passion. We see this in our successful client partners, encompassing everything from local shops to national franchises.
But I also see the business challenges, especially when managing finances. Whether starting your business, or now growing your business, financial management tools can make all the difference in helping to ensure success.
Working with business owners, we solve basic to complex business finances. Therefore, our solutions range from expensing forgotten items, to ensuring simplified financial statements for informed business decisions. Also, we identify the right resources to grow as a professional.
For this reason, outsourcing accounting back office functions like bookkeeping, payroll services, and sales tax filling, businesses can increase profitability, reduce costs, minimize risk and make business decisions faster.
Above all, we thrive on supporting entrepreneurs, startups and small businesses. This in turn helps create a stable ecosystem of self-employed and small businesses in local economies across the country.
With the endless opportunities for businesses ownership, here are some tips on managing your finances if you’re self-employed that we shared with Forbes.