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Accounting and Bookkeeping Services in Boston, Massachusetts
Discover expert tax and bookkeeping solutions tailored for Boston's small businesses with 1-800Accountant, helping you navigate Massachusetts regulations while maximizing your financial potential.
Our Accounting Services for Boston Small Businesses
Business Tax Preparation: Navigate Boston's complex business tax landscape with confidence. Our CPAs average 17 years of experience in various industries, helping you comply with local regulations while identifying substantial savings opportunities. By entrusting your tax preparation to our experts, you can focus on growing your business in the heart of New England.
Bookkeeping: Build a solid financial foundation for your Boston-based business with precise, error-free bookkeeping. Our services save you time and provide crucial insights for data-driven decision-making. We deliver easy-to-understand reports that empower your accountant to develop financial models tailored to Boston's unique business environment.
Tax Advisory: Boston's business climate demands year-round tax planning. Our affordable advisory service connects you with a dedicated small business tax advisor who understands Massachusetts tax laws. We help you minimize your tax liability throughout the year while ensuring compliance with state and local regulations, from Beacon Hill to the Seaport District.
Payroll: Simplify your payroll process and reclaim valuable time each pay period. Our comprehensive services handle all aspects of payroll, including accurate tax submissions to the City of Boston. This allows you to concentrate on other crucial aspects of your business, whether you're running a tech startup in Kendall Square or a family-owned restaurant in the North End.
Business Formation: Take advantage of Massachusetts' business-friendly policies by officially establishing your company. We offer complimentary incorporation services - you only cover the required Boston fees. This sets you on the path to hiring employees and opening a business bank account while optimizing your structure for maximum tax savings in the Commonwealth.
Filing your business taxes online with 1-800Accountant is quick and easy:
- Provide required personal and business information.
- Review and select your online business tax preparation service and complete your purchase.
- Log in to your 1-800Accountant Portal and upload documents critical to preparing and filing your taxes.
| Level | Rate |
|---|---|
| State Tax Rate | 6.25% |
| County Tax Rate | 0% |
| Municipal Tax Rate | 0% |
| Combined Sales Tax Rate | 6.25% |
City-Specific Taxes |
|---|
| Boston has a Corporate Excise Tax that all businesses must pay. The tax is a combination of an income tax and a tax on either tangible property or net worth, assessed at a rate of 8% on income attributable to Massachusetts, plus $2.60 per $1,000 of the greater of taxable Massachusetts tangible personal property or taxable net worth, with a minimum tax of $456. |
Licenses and Permits |
|---|
| City-specific licenses and permits: Must obtain a Business Tax Receipt, which serves as the city's business license. |
Grants and Funding in Boston | Grants and Funding Information |
|---|---|
| Boston Contracting Opportunity Fund | Offers grants to local small businesses aiming to build operational capacity. Focuses on historically disadvantaged businesses interested in securing city contracts, fostering inclusive economic growth. |
What to Look for in Boston, Massachusetts Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Boston small business, consider these key factors:
Certifications and State Compliance: Accountants and bookkeepers in Boston should hold the necessary credentials, such as a CPA license, and remain knowledgeable about Massachusetts tax laws and regulations. Given Boston’s blend of financial services, biotechnology, and educational institutions, a certified professional with a clear grasp of local compliance will help keep your records correct and your filings up to date.
Experience and Specialization: It is best to select an accounting expert who has worked with businesses similar to yours. With Boston’s diverse economy—ranging from advanced manufacturing in defense equipment and medical devices to thriving sectors in technology and life sciences—a specialist who understands the financial nuances of your industry can better support both your everyday needs and long-term plans.
Understanding of Local Economic Conditions: A professional who appreciates Boston’s unique market landscape will be a strong partner for your business. The city’s economic vitality is built on its robust financial services, innovative technology hubs like the Seaport District, and leading academic institutions. This on-the-ground local insight can help guide decisions and support budgeting strategies tailored to the city’s environment.
Knowledge of State Tax Incentives: Massachusetts offers a variety of tax credits and financial programs designed to support local growth, including incentives aimed at renewable energy and manufacturing. An accountant with a solid understanding of these benefits can help you access available programs and reduce your tax obligations while supporting your business strategies.
Talk to a business tax expert today for all your tax needs in Boston.
Additional Massachusetts Accounting Resources:
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
CPA vs. Tax Preparer: Which Is Best for Your Business?
10 Common Small Business Tax Questions Owners Are Asking
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.