Consultants in Miami, FL: taxes and retirement for 2026

For independent consultants and fractional executives billing clients directly in Miami, FL. Florida has no state income tax on wages or self-employment income. Here are the 2026 rules, a worked example and the official sources.

What's different in Miami

Local income tax: No city income tax in Miami.
City of Miami Business Tax Receipt (BTR): Every business operating in the City of Miami needs a City Business Tax Receipt. Most must first get a Certificate of Use; peddlers, food trucks and businesses with no physical location in the City can apply for the BTR directly. The City emails an invoice after approval.
Miami-Dade County Local Business Tax Receipt: The City of Miami says every business must also get a separate Miami-Dade County Local Business Tax Receipt through the county tax collector.
City business license: The City says every business needs a City Business Tax Receipt to operate (most need a Certificate of Use first, but a business with no physical location in the City can apply directly), plus a Miami-Dade County Local Business Tax Receipt.
Also worth knowing: Florida's Constitution (Art. VII, s. 5(a)) bars any tax on the income of natural persons by the state or under its authority, so there is no state or local personal income tax (https://www.flsenate.gov/Laws/Constitution). Florida law (s. 218.077, F.S.) bars cities and counties from requiring private employers to pay a minimum wage other than the state or federal rate (https://www.flsenate.gov/Laws/Statutes/2025/218.077). No city-specific gig or freelance worker law was found.

Florida rules for consultants

State income tax (2026): Florida has no state income tax on wages or self-employment income. The Florida Constitution (Art. VII, s. 5) bars a state tax on the income of natural persons who are residents or citizens, beyond amounts creditable against a similar federal or state tax.
Rideshare (TNC) driver classification and state preemption: Under Fla. Stat. 627.748(9), a TNC driver is an independent contractor if the company does not set required log-on hours, does not bar other apps or other work, and both sides agree in writing. Subsection (17) makes state law the exclusive regulator of TNCs and their drivers, preempting local rules.
Marketplace contractor law (Fla. Stat. 451.02): A worker who finds jobs through a marketplace platform app must be treated as an independent contractor, not an employee, under all state and local laws (including workers' compensation and reemployment assistance) if six conditions are met: no hours set by the platform, freedom to use other platforms, freedom to do other work, a written contractor agreement, the worker bears substantially all expenses, and the worker pays their own income taxes.

Federal rules for 2026

Solo 401(k) up to $72,000

A one-person consultancy can contribute a $24,500 employee deferral plus an employer share of about 20% of net self-employment earnings, up to $72,000 in 2026, plus an $8,000 catch-up at 50 or older ($11,250 at ages 60 to 63).

The S-corp trade-off

Electing S-corp status can cut payroll tax, but the salary you pay yourself also sets your Solo 401(k) room. Run both sides before you elect.

Quarterly estimated taxes

No one withholds tax from self-employment income, so you generally pay estimates four times a year if you expect to owe $1,000 or more. For 2026 income the federal dates are April 15, June 15 and September 15, 2026, and January 15, 2027. Paying 100% of last year's tax (110% if your AGI was over $150,000) in four equal installments avoids the underpayment penalty.

Self-employment tax

On top of income tax, self-employed people pay 15.3% on 92.35% of net profit: 12.4% Social Security up to the 2026 wage base of $184,500, plus 2.9% Medicare with no cap. Half of it is deductible.

A worked example

A consultant with $150,000 of net profit in 2026
Self-employment tax (sole proprietor)	$21,194
Solo 401(k) maximum	$52,381
SEP IRA maximum	$27,881
Payroll tax saved as an S-corp on a $75,000 salary	$9,719
Solo 401(k) maximum as that S-corp	$43,250

Federal figures only, before state and local taxes. Simplified: excludes the QBI deduction and the 0.9% Additional Medicare Tax. Computed from 2026 IRS limits (Notice 2025-67, Rev. Proc. 2025-32) and the SSA wage base.

Free tools

Solo 401(k) contribution calculator S-corp vs Solo 401(k) guide Quarterly tax calculator

Guides by job and platform

Independent Consultants Marketing consultants IT consultants

Toptal Upwork Contra

Questions

Is there a local income tax in Miami?

No city income tax applies in Miami. Florida has no state income tax on wages or self-employment income.

What local business taxes apply to self-employed consultants in Miami?

City of Miami Business Tax Receipt (BTR): Every business operating in the City of Miami needs a City Business Tax Receipt. Most must first get a Certificate of Use; peddlers, food trucks and businesses with no physical location in the City can apply for the BTR directly. The City emails an invoice after approval. Miami-Dade County Local Business Tax Receipt: The City of Miami says every business must also get a separate Miami-Dade County Local Business Tax Receipt through the county tax collector.

Do I need a business license to freelance from home in Miami?

The City says every business needs a City Business Tax Receipt to operate (most need a Certificate of Use first, but a business with no physical location in the City can apply directly), plus a Miami-Dade County Local Business Tax Receipt.

Do consultants in Florida pay state income tax?

Florida has no state income tax on wages or self-employment income. The Florida Constitution (Art. VII, s. 5) bars a state tax on the income of natural persons who are residents or citizens, beyond amounts creditable against a similar federal or state tax.

Track it in one place

Gigaverse estimates your quarterly taxes from what you actually earn, logs business trips, categorizes expenses from your bank and answers money questions with your own numbers. Retirement accounts are coming soon.

Free · Takes 10 seconds · First 1,000 in line get launch perks

On Android? Get the app on Google Play

Get it onGoogle Play On iPhone? Use it on the web

More for Miami, FL

Freelancers Content Creators Entrepreneurs Gig Workers Bartenders & Servers Construction & Trades

Consultants anywhere in Florida

Sources

State and local facts researched from official sources and independently re-checked; last verified October 2026, next scheduled review 2027-01-02. Educational information for 2026, not tax, legal or investment advice. Rules change; check the official sources listed and a tax professional for your situation. Gigaverse AI, Inc. is a financial technology company, not a bank, and not itself a registered investment adviser or broker-dealer.