The Plato Group Celebrate as Florida ranks 5th for Best Business Tax Climate

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Miami-based sales and marketing firm The Plato Group celebrate the findings of a recently revealed study, which ranks Florida as having the 5th best tax climate in the country.

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The Plato Group are hopeful that the results of the study will drive Florida to look for ways to further boost their ranking next year, and believe that the 2015 study will go some way to promote the many other benefits of business ownership in the state

The 2015 State Business Tax Climate Index has ranked Florida as having the fifth best tax climate in the US. The impressive ranking was awarded due to a number of factors, the largest of which is that the state doesn't have any personal income tax, which is the most heavily weighted tax in the Climate Index. The ranking has called for policymakers in Florida to further boost the State’s tax and economic climate by making reforms to welcome additional capital, encourage more jobs, and further the state’s economic growth. Miami based sales and marketing firm The Plato Group were pleased to hear of Florida’s ranking in the study, and hope that the results will mark the beginning of a bright and positive future of both business owners and consumer across the state.

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Joining Florida in the study’s top ten are Wyoming, South Dakota, Nevada, Alaska, Montana, New Hampshire, Indiana, Utah and Texas. Much like Florida most of the top ranking states have no personal income tax such as Alaska and Nevada. Montana and New Hampshire achieved their ranking due to having no sales tax, whilst Wyoming came out on top by having no corporate or personal income tax, allowing them to rank favorably within the index.

The Plato Group are hopeful that the results of the study will drive Florida to look for ways to further boost their ranking next year, and believe that the 2015 study will go some way to promote the many other benefits of business ownership in the state. As well as the states favorable tax climate, Florida’s government actively work together with economic development leaders to ensure businesses of all sizes are given the support and opportunity to thrive. The state is also currently working on incentive initiatives, with the aim of helping businesses to achieve their goals more easily and reach substantial growth. Compared to other metropolitan states, Florida provides more affordable business premises, labor and capital which for small businesses especially, is a huge boost to long-term growth and development. In 2011 the state was named as Chief Executive Magazines ‘best state for business’ and since then, the state has continued to grow its community of entrepreneurs and invest in the talents of young professionals and innovators.

The Plato group is an outsourced sales and marketing firm commuted to providing fresh and engaging marketing campaigns to businesses across Florida. Specializing in direct marketing, the firm help their clients connect with their consumers by meeting them face to face and taking the time to understand the individual needs and requirements of each consumer. This approach allows The Plato Group to increase brand loyalty among their clients’ consumers, which then helps their clients to achieve a positive brand reputation. the firm offer their clients measurable results, allowing them to regularly track the progress of each marketing campaign and equip the businesses with tools necessary to ensure the campaign remains successful in the face of any potential market changes or emerging consumer trends.

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Steve Dongo
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since: 03/2014
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