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Accounting and Bookkeeping Services in Columbus, Ohio
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 in Columbus.
Our Accounting Services for Columbus 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 Columbus 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 Ohio 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 Columbus, 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 Ohio with our complimentary incorporation services. Simply cover any Columbus 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 | 5.75% |
| County Tax Rate | 1.25% |
| Municipal Tax Rate | 0% |
| Combined Sales Tax Rate | 7.50% |
| City-Specific Taxes |
|---|
| Columbus imposes a local income tax of 2.5% on all businesses' gross wages and net profits. |
| Licenses and Permits |
|---|
| The following businesses require city-specific licensing: mobile food vendors, vehicle for hire services, charitable solicitations, contractors, arcades, billiard rooms, alarm dealers, and short-term rental operators must obtain a specific license, which cannot be issued on the day of application due to City Code changes. |
| Grants and Funding in Huntsville | Grants and Funding Information |
|---|---|
| JobsOhio Small Business Grant | This grant provides financial support for qualified projects in designated communities or for businesses owned by eligible populations, including businesses owned by people of color, women, veterans, and individuals with disabilities. Funds can be used for real estate investments, equipment, and other business needs. |
| Equitable Small Business Fund by The Columbus Foundation | This fund offers Program-Related Investments ranging from $250,000 to $750,000, focusing on supporting businesses owned by people of color and catalyzing the flow of patient and flexible capital. |
What to Look for in Columbus, Ohio Accounting and Bookkeeping Services
Certifications and State Compliance: Ensure the accountant or bookkeeper has the appropriate certifications, such as being a Certified Public Accountant (CPA) licensed in Ohio. They should be well-versed in Ohio's specific tax laws, regulations, and compliance requirements to effectively manage your financial matters.
Experience and Specialization: Look for professionals with experience in your specific industry, particularly if it aligns with Columbus's key sectors like technology, finance, healthcare, education, or logistics. Specialized knowledge is crucial for managing industry-specific financial matters and for strategic long-term planning.
Understanding of Local Economic Conditions: Choose a professional who understands the local economic environment in Columbus. Familiarity with the city's prominent industries and economic drivers can significantly impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Ohio offers various business-friendly tax incentives, including credits for job creation, research and development, and investment in certain industries. A knowledgeable financial professional can help you navigate these incentives and make recommendations to minimize your tax burden.
Talk to a business tax expert today for all your tax needs in Columbus
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*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.