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Accounting and Bookkeeping Services in Chattanooga, Tennessee
1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services handled by experts designed to give you peace of mind and the extra time you need to focus on building your business.
Our Accounting Services for Chattanooga Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by an accountant 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 Chattanooga 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 accountant. Strategic planning helps minimize your business tax liability in Tennessee 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 Chattanooga, 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 Tennessee with our complimentary incorporation services. Simply cover any Chattanooga fees, and we will manage the rest. This puts you on a path to hiring employees and creating a business bank account as you experience the benefits of an optimized business structure and maximum tax savings.
| Level | Rate |
|---|---|
| State Tax Rate | 7% |
| County Tax Rate | 2.25% |
| Municipal Tax Rate | 0% |
| Combined Sales Tax Rate | 9.25% |
| City-Specific Taxes |
|---|
| Chattanooga has a business tax on gross receipts that varies by industry and applies to businesses grossing $100,000 or more annually. |
| Licenses and Permits |
|---|
| Must obtain a City of Chattanooga Business License and Hamilton County Business License. The City of Chattanooga Business License has to be renewed annually. |
| Grants and Funding in Huntsville | Grants and Funding Information |
|---|---|
| TVFCU Idea Leap Loans and Grants | The TVFCU Idea Leap Loans and Grants program offers financial assistance to small businesses and entrepreneurs, partnering with local technical assistance providers. |
| Fund Tennessee's SSBCI Program | Fund Tennessee's SSBCI Program provides equitable access to capital for small businesses across Tennessee, offering equity investments, lending, and technical assistance through InvestTN, LendTN, and AssistTN. |
What to Look for in Chattanooga, Tennessee Accounting and Bookkeeping Services
Certifications and State Compliance: Ensure the accountant or bookkeeper has the appropriate titles and certifications, such as being a Certified Public Accountant (CPA). They should also be well-versed in Tennessee's specific tax regulations and compliance requirements.
Experience and Specialization: Search for professionals with experience in your specific industry. Specialized knowledge is crucial for managing industry-specific financial matters and for strategic long-term planning.
Understanding of Local Economic Conditions: Opt for a professional who understands the local economic environment in Chattanooga. This includes familiarity with the city's prominent industries, such as manufacturing, logistics, healthcare, and tourism, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Tennessee offers business-friendly tax incentives, including credits for job creation, investments in economically distressed areas, and energy efficiency initiatives. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.
Talk to a business tax expert today for all your tax needs in Chattanooga
Additional Accounting Resources:
How to Calculate Quarterly Estimated Taxes in 2024
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
How Much Will A CPA Cost (And Save) Your Small Business?
*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.