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Accounting and Bookkeeping Services in Cary, North Carolina
Cary business owners trust 1-800Accountant's expert CPAs to handle their bookkeeping and tax needs, saving valuable time while maximizing deductions and maintaining compliance year-round.
Our Accounting Services for Cary Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA with expertise in your industry so you're always confident in your business tax situation. Our CPAs, with more than 17 years of experience on average, can save you thousands annually when you delegate complex Cary tax preparation to them!
Bookkeeping: Solidify your financial base and manage cash flow with precise, error-free bookkeeping done for you that saves time and provides crucial insights that empower you to make important data-backed business decisions. This meticulous process delivers essential tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop vital financial modeling.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business tax advisor. Strategic planning helps minimize your business tax liability in North Carolina throughout the year while ensuring compliance.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, with regular tax submissions to the city of Cary, ensuring accuracy and freeing you to focus on other vital aspects of your business.
Business Formation: Enjoy the advantages of officially establishing your business in North Carolina with our complimentary incorporation services. Simply cover any Cary fees, and we will manage the rest. This puts you on a path to hiring employees and creating a business bank account as your experience the benefits of an optimized business structure and maximum tax savings.
Discussing your business taxes with 1-800Accountant is quick and easy:
- Set up a time for us to give you a call.
- Tell us what’s going on with your business.
- Get matched with an accountant who knows your industry & local regulations.
| Level | Rate |
|---|---|
| State Tax Rate | 4.75% |
| County Tax Rate | 2.00% |
| Municipal Tax Rate | 0.00% |
| Wake County Transit Tax | 0.50% |
| Combined Sales Tax Rate | 7.25% |
| City-Specific Taxes |
|---|
| North Carolina State Withholding Tax: Businesses in Cary with employees must withhold North Carolina individual income tax at a flat rate of 4.75% on each employee’s wages. Returns (Form NC-5) and payments are due to the North Carolina Department of Revenue by the 15th of the month following each reporting period (monthly or quarterly, based on total withholding liability). |
| Licenses and Permits |
|---|
| Businesses in Cary, North Carolina require the following permits and licenses: • Privilege (Business) License required for most businesses operating within town limits • Commercial Building Permits needed for construction, renovation, or modifications to business spaces • Home-Based Business Permits required if operating from a residential property • Zoning Compliance verification recommended before signing a lease or purchasing property • Development Approval required for new businesses, including planning review and building code compliance |
| Grants and Funding in Cary | Grants and Funding Information |
|---|---|
| Small Business Infrastructure Grant Program | The North Carolina Department of Commerce administers this $55 million fund focused on rebuilding and enhancing infrastructure that small businesses need to operate and grow. The program targets businesses facing infrastructure limitations and supports projects that improve business-related facilities, utilities, and spaces. |
| NC Commerce Department Grants & Incentives | The Department of Commerce offers various grants and financial incentives supporting infrastructure projects, business locations, expansions, and capacity-building. These programs benefit small and mid-sized businesses seeking to expand or enhance their operations in Cary, with many requiring partnerships with local governments. |
| Town of Cary Arts & Cultural Grant | The Town of Cary manages this grant program supporting arts, crafts, and cultural projects, including those connected to the Lazy Daze Arts & Crafts Festival. Applications for the next cycle open on October 16, 2024. While primarily tailored toward nonprofit organizations and cultural businesses, for-profit businesses in related sectors may also be eligible. |
What to Look for in Cary, North Carolina Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Cary small business, you should consider the following factors:
Certifications and State Compliance: Verify that your financial professional holds proper credentials, such as CPA licensure. They should demonstrate thorough knowledge of North Carolina tax regulations, including the state's income tax structure and compliance requirements specific to the Triangle region.
Technology Industry Expertise: Seek professionals with experience serving Cary's robust technology sector. An accountant familiar with software companies, IT services, and tech startups will better understand your industry's financial patterns, R&D tax credits, and software capitalization considerations common around Research Triangle Park.
Understanding of Local Economic Landscape: Choose someone who comprehends Cary's unique position within the Triangle's economic ecosystem. Your accountant should recognize how proximity to major research universities, healthcare institutions, and technology hubs affects local business operations and financial planning strategies.
Knowledge of Regional Tax Incentives: North Carolina offers various business incentives, including the Job Development Investment Grant program and credits for research activities. A knowledgeable Cary accountant can help you navigate these opportunities while understanding local municipal regulations that impact your business finances.
Support for Growing Businesses: Find a financial partner equipped to scale with your company. Cary's rapid business growth means your accounting needs may evolve quickly, requiring a professional who offers services ranging from basic bookkeeping to complex financial analysis and strategic planning.
Talk to a business tax expert today for all your tax needs in Cary.
Additional North Carolina Accounting Resources:
North Carolina Small Business Tax Guide: Complete Overview
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
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.