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Accounting and Bookkeeping Services in Connecticut
1-800Accountant, , America’s leading virtual accounting firm for small businesses, manages all of your challenging bookkeeping and accounting tasks with comprehensive end-to-end services designed to support your small business in Connecticut.
Our Accounting Services for Connecticut Small Businesses
Business Tax Preparation: Get your taxes expertly prepared and filed by a CPA experienced in your industry so you always feel confident about your business tax situation. Our CPAs, with more than 17 years of experience on average, can save your business thousands annually when you entrust the intricacies of Connecticut tax preparation to them!
Bookkeeping: Strengthen your financial foundation and manage cash flow with meticulous, error-free bookkeeping that saves time and yields vital data-driven business insights. This thorough approach provides the best tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop essential financial models.
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 CPA. Strategic planning helps minimize your business tax liability in Connecticut throughout the year while ensuring compliance.
Payroll: Save countless hours each payroll period with our comprehensive payroll service handled for you, with regular tax submissions to the state of Connecticut, ensuring accuracy and allowing you to focus on other crucial areas of your business.
Business Formation: Experience the benefits of officially establishing your business in Connecticut with our complimentary incorporation services. You only cover the state fees, and we manage the rest. Officially establishing your business puts you on a path to hire employees, open a business bank account, and enjoy an optimized business tax structure and maximum tax savings.
Connecticut Corporate Tax Rates and Brackets
| Corporate Tax Rate | Corporate Tax Bracket |
|---|---|
| 7.5% | $0 |
When Do You Have to File Business Tax Returns in Connecticut?
| Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
|---|---|---|
| The 15th day of the fourth month following the close of the taxable year | The 1st day of the month following the due date of the federal return of the taxable year. If year end is June 30, the due date is October 1st. | The 15th day of the fourth month following the close of the taxable year |
LLC Renewal Dates and Fees in Connecticut
| How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
|---|---|---|
| Annually | $120 | $80 |
Single Filers - Connecticut Tax Rates and Brackets
| Single Filer Rates | Single Filer Brackets |
|---|---|
| 2.00% | $0 |
| 4.50% | $10,000 |
| 5.50% | $50,000 |
| 6.00% | $100,000 |
| 6.50% | $200,000 |
| 6.9% | $250,000 |
| 6.99% | $500,000 |
Single Filers - Connecticut Exemptions and Deductions
| Standard Deduction (Single) | Personal Exemption (Single) |
|---|---|
| n.a. | $15,000 |
Married Filing Jointly - Connecticut Tax Rates and Brackets
| Married Filing Jointly Rates | Married Filing Jointly Brackets |
|---|---|
| 2.00% | $0 |
| 4.50% | $20,000 |
| 5.50% | $100,000 |
| 6.00% | $200,000 |
| 6.50% | $400,000 |
| 6.90% | $500,000 |
| 6.99% | $1,000,000 |
Married Filing Jointly - Connecticut Exemptions and Deductions
| Standard Deduction (Couple) | Personal Exemption (Couple) |
|---|---|
| n.a. | $24,000 |
What to Look for in Connecticut Accounting and Bookkeeping Services
When selecting an accountant or bookkeeper for your Connecticut small business, you should consider these factors:
Expertise in Connecticut Tax Laws: Look for a financial professional well-versed in Connecticut-specific tax regulations, including state income taxes and property taxes, to ensure compliance and optimize tax savings.
Experience with Local Industries: Given Connecticut's strong presence in finance, manufacturing, and insurance sectors, choose an accountant with experience in these industries to benefit from their industry-specific knowledge and insights.
Familiarity with State Business Incentives: Select a professional who is knowledgeable of state incentives, including grants, loans, and other tax credits available for Connecticut businesses, which can significantly affect financial and strategic planning.
Proximity and Local Knowledge: Evaluate accountants and bookkeepers who have experience working with Connecticut businesses. They are more likely to have local contacts and a deeper understanding of the state's economic environment.
Capabilities in Multistate Commerce: If your business operates across state lines, especially given Connecticut’s proximity to New York City and Boston, ensure your accountant can handle multistate taxation and compliance issues effectively.
Serving Small Businesses Throughout the Entire State of Connecticut
- Bristol
- Bridgeport
- Hartford
- New Haven
- Stamford
- Waterbury
- Greenwich
- Danbury
“I’ve been fortunate to have great accountants who care, get back to me very timely, and believe they do a great job getting the most money back they are able to.”
Sal
Actual customer testimonial. Photo is illustrative only.
Additional Connecticut 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
Talk to a business tax expert today for all your tax needs in Connecticut.
*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.