Miami Beach CPA: tax strategy for hospitality businesses and STR investors.
Miami Beach's short-term rental market is one of the most active in Florida, and the tax rules around it are specific. We file and plan year-round for STR owners, hospitality businesses, and creative professionals who can't afford an April surprise.
Top industries in Miami Beach
Who we work with in Miami Beach.
Miami Beach's economic base shapes the tax profiles we see most often. Each of these industries carries distinct filing requirements and planning opportunities.
Short-Term Rentals & Vacation Properties
Miami Beach properties listed on Airbnb, VRBO, and similar platforms generate income that sits at the intersection of passive rental and active hospitality business rules. Correct classification determines whether losses can offset ordinary income.
Hospitality — Hotels, Restaurants & Event Venues
Miami Beach's hospitality sector generates complex payroll (tip reporting, split shifts), sales-tax compliance, and entity-structuring considerations for owner-operators running multiple venues.
Fashion, Entertainment & Sports Management
Miami Beach hosts athletes, entertainers, and their management teams who receive endorsement income, image-rights royalties, and performance fees that require specialized income-characterization and multi-state filing analysis.
Tax considerations in Miami Beach
What's different about Miami Beach — from a tax standpoint.
Miami Beach STR Transient Rental Tax Compliance
Miami Beach STR hosts are subject to Florida's Transient Rental Tax (6%), Miami-Dade County's Tourist Development Tax (TDT), and potentially local city tax — stacked on top of state sales tax. Platforms like Airbnb collect some of these on the host's behalf, but the host remains responsible for verifying collection and filing with the Florida DOR on Form DR-15. We review the full stack at onboarding.
Material Participation in STR Activities
A Miami Beach STR owner who participates more than 500 hours per year in rental activities can treat the activity as non-passive under IRC §469, unlocking the ability to deduct rental losses against ordinary income. Alternatively, qualifying as a "real estate professional" (750+ hours) achieves the same result. We set up the hour-log protocol from the first quarter.
Athlete and Entertainer State-Nonresident Return Analysis
Miami Beach residents who earn performance fees or endorsement income in other states — athletes appearing in New York, California, or Nevada — owe nonresident returns in those states on the apportioned income, regardless of Florida residency. We prepare the nonresident returns and apply foreign tax credits correctly against the Florida resident's federal return.
Depreciation on Furnished Miami Beach Rental Properties
Furnished STR properties in Miami Beach include furniture, appliances, and equipment that qualify for bonus depreciation or Section 179 expensing — separate from the building structure (which depreciates over 27.5 years residential or 39 years commercial). A cost-segregation study can further accelerate deductions on higher-value properties. We evaluate the cost-benefit of a formal study for properties over $500,000.
Working with Miami Beach clients
How we file and plan for Miami Beach.
Precision Tax Partners works with Miami Beach clients virtually — document portal, e-signature, and video calls for planning sessions. The engagement covers both the entity return and the personal 1040 under a single quarterly fee. For Miami Beach clients working in Short-Term Rentals & Vacation Properties, we start with a structured intake that identifies the income sources, entity structure, and filing obligations before we open the return.
Year-round work is the default, not an upsell. Quarterly estimated-tax calculations keep Miami Beach clients from underpaying and facing IRS penalties. S-corp reasonable-comp analysis is documented before December 31, not estimated at filing. Retirement-plan contributions are calculated with time to act on them. A Florida-licensed CPA signs every return that leaves our office.
Pricing is published at /pricing — three tiers, quarterly billing, no hidden fees. Most Miami Beach clients with an entity return start at Growth ($449/quarter). If you want to discuss your specific situation first, Cassandra de la Fe returns messages inside two business days.
Frequently asked questions
Miami Beach tax questions — answered.
Other Miami neighborhoods we serve
We cover all of Miami-Dade.
Ready to work with a Miami Beach CPA?
See pricing. Talk to Cassandra. Decide.
Three quarterly tiers on the pricing page. Cassandra returns messages inside two business days. A licensed CPA on every return.