1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services to entrepreneurs in Cincinnati, Ohio. Handled by experts, our services are designed to give you peace of mind and the extra time you need to focus on building your business.
Business Tax Preparation: Have your taxes prepared and filed by a local accountant with deep expertise in Cincinnati's business landscape and Ohio's tax laws, ensuring 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 Cincinnati tax preparation to them!
Bookkeeping: Solidify your financial base and manage cash flow with precise, error-free bookkeeping tailored to your Cincinnati business. Save time and gain crucial insights that empower you to make important data-backed decisions in the competitive Ohio market. 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. With our affordable tax advisory service, you receive year-round guidance from a dedicated small business accountant familiar with Cincinnati's unique tax environment. Strategic planning helps minimize your business tax liability in Ohio throughout the year while ensuring full compliance with local and state regulations.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, including accurate and timely tax submissions to Cincinnati and Ohio authorities. We ensure compliance with all local payroll regulations, freeing you to focus on growing your business.
Business Formation: Unlock the benefits of officially establishing your business in Ohio with our complimentary incorporation services. Simply cover any Cincinnati fees, and we'll handle the rest—guiding you through the process of setting up in one of America's most business-friendly cities. Begin hiring employees and open a business bank account as you embrace an optimized business structure designed for maximum tax savings.
Hamilton County
Level | Rate |
---|---|
State Tax Rate | 5.75% |
County Tax Rate | 2.05% |
Municipal Tax Rate | 0% |
Combined Sales Tax Rate | 7.80% |
Butler County
Level | Rate |
---|---|
State Tax Rate | 5.75% |
County Tax Rate | 0.75% |
Municipal Tax Rate | 0% |
Combined Tax Rate | 6.50% |
City-Specific Taxes |
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Cincinnati businesses must pay a municipal income tax at a rate of 1.8% on net profits earned within the City of Cincinnati Income Tax Division. |
Licenses and Permits |
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All businesses in Cincinnati must obtain a business registration certificate. The following businesses require city-specific licensing in Cincinnati: Antique dealers, massage establishments, food vendors, car repair garages, and secondhand dealers. |
Grants and Funding in Cincinnati | Grants and Funding Information |
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JobsOhio Small Business Grant | JobsOhio Small Business Grant is a reimbursable grant program for non-retail businesses with underrepresented ownership or operating in distressed zip codes. |
Duke Energy Grant | Duke Energy Grant provides grants of $5,000 each to women, veteran, and minority-owned small businesses. |
Certifications and State Compliance: Ensure the accountant or bookkeeper holds the appropriate certifications, such as being a Certified Public Accountant (CPA). They should be well-versed in Ohio's specific tax laws and compliance requirements, particularly those affecting businesses in Cincinnati. Familiarity with state and local tax codes will help keep your financial practices compliant and optimized.
Experience and Specialization: Look for professionals with experience in your specific industry. Cincinnati has a diverse economic landscape, including sectors like manufacturing, healthcare, finance, and technology. An accountant with specialized knowledge in your field can effectively manage industry-specific financial matters and contribute to strategic long-term planning.
Understanding of Local Economic Conditions: Choose a professional who understands the local economic environment in Cincinnati. Knowledge of the city's key industries and economic trends can significantly impact financial decision-making and tax planning. An accountant familiar with local market conditions can provide insights that align with regional growth opportunities.
Knowledge of State Tax Incentives: Ohio offers various business-friendly tax incentives, such as credits for job creation, research and development, and investments in designated enterprise zones. A knowledgeable financial professional can help you navigate these incentives, ensuring you take full advantage of programs that can minimize your tax burden and support your business growth.
*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.