Vagabond
Returning Member

Domicile and Taxes

Hello,

 

My family and I are currently residing in NY with family while I work remotely for a NY based Company. We are considering relocating and declaring domicile in Florida, while I maintain working remotely for the NY based company.

 

My question is, how will living in Florida affect my W-2 taxes? What are the advantages to making this move?

 

Also, we operate a small business registered in NY. What are the advantages to moving this LLC to Florida?

 

Thank you!