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Accounting and Bookkeeping Services in Corona, California
Corona business owners trust 1-800Accountant's expert CPAs and bookkeepers to handle their financial needs, from tax preparation to payroll, so they can focus on what matters most—growing their company.
Our Accounting Services for Corona 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 Corona 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 California 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 Corona, 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 California with our complimentary incorporation services. Simply cover any Corona 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.
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 | 6.00% |
| County Tax Rate | 1.75% |
| Municipal Tax Rate | 1.00% |
| Combined Sales Tax Rate | 8.75% |
| City-Specific Taxes |
|---|
| Corona businesses must get and renew a Business License Tax each year by April 1. Most service oriented and professional companies pay $1.20 per $1,000 of gross receipts, with a $15 minimum fee. |
| Licenses and Permits |
|---|
| All businesses operating in Corona, California require a business license, even if your main business address is outside city limits. |
| Your business must be properly zoned and in compliance with all applicable regulations to operate legally. |
| Business licenses must be renewed annually on a 12-month anniversary basis. |
| For assistance with the business license application process, contact Corona's business support center at (951) 736-2275 or email Corona@HdLgov.com. |
| Grants and Funding in Corona | Grants and Funding Information |
|---|---|
| Community Based Organization (CBO) Grant Program | The City of Corona is currently accepting applications for the FY 2025 Community Based Organization Grant Program. This program supports community-based organizations, including certain types of businesses and nonprofits operating in Corona. |
| Riverside County Small Business Grant Program | Riverside County periodically offers grant programs for small businesses, including sole proprietors. Previous rounds have distributed millions to local businesses. Check the county's official site regularly for current funding opportunities. |
| CalOSBA Funding Opportunities | The California Office of the Small Business Advocate administers various grant programs for small businesses and nonprofits throughout California. Their portal is regularly updated with new funding opportunities for qualifying California businesses. |
| California Rebuilding Fund | While not a grant, this state program offers low-interest loans of up to $100,000 for small businesses with fewer than 50 employees and less than $2.5 million in 2019 revenue. This ongoing program provides accessible funding for businesses looking to rebuild or grow. |
What to Look for in Corona, California Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Corona small business, you should consider the following factors:
Certifications and California Compliance: Verify your accountant holds proper credentials, such as CPA licensure or enrolled agent status. They should demonstrate thorough knowledge of California's complex tax structure, including the state's high income tax rates and specific filing requirements that differ from federal regulations.
Industry-Specific Experience: Seek professionals with proven experience in Corona's diverse business landscape. An accountant familiar with the unique financial challenges of craft breweries like Storytellers Brewery will offer different insights than one specializing in agricultural businesses tied to Corona's citrus heritage. This specialized knowledge proves invaluable for managing industry-specific financial matters and strategic planning.
Understanding of Local Economic Conditions: Choose a financial professional who understands Corona's position within the Inland Empire economy. They should recognize how proximity to major transportation corridors affects local businesses and how Corona's growing arts, tourism, and recreation sectors create distinct financial opportunities and challenges for small businesses.
Knowledge of California Tax Incentives: California offers numerous tax credits and incentives that Corona businesses can leverage, including research and development credits, manufacturing equipment exemptions, and small business hiring credits. A knowledgeable accountant will identify which specific programs apply to your business and help you navigate California's notoriously complex tax code to maximize legitimate deductions while maintaining compliance.
Talk to a business tax expert today for all your tax needs in Corona.
Additional California Accounting Resources:
California Business Tax Guide for Small Businesses
How to Start an S- Corporation in California
A Beginner’s Guide To California Payroll Taxes
*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.