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Accounting and Bookkeeping Services in the District of Columbia
1-800Accountant, America’s leading virtual accounting firm for small businesses, manages all your cumbersome, time-consuming bookkeeping and accounting responsibilities with comprehensive services tailored to help your District of Columbia business thrive and expand.
Our Accounting Services for District of Columbia Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA who is knowledgeable in your industry so you always have confidence in 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 complexities of District of Columbia tax preparation to them.
Bookkeeping: Enhance your financial stability and control cash flow with meticulous, error-free bookkeeping that saves time and yields critical data-driven business insights. This in-depth work offers essential tools for data interpretation with easy-to-understand reporting, enabling your accountant to create important 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 the District of Columbia throughout the year while ensuring compliance.
Payroll: Free up countless hours each pay period with our comprehensive payroll service handled for you, with regular tax submissions to the District of Columbia, ensuring accuracy and allowing you to focus on other aspects of your business.
Business Formation: Benefit from officially establishing your business in the District of Columbia with our complimentary incorporation services. You only cover District of Columbia fees, and we manage the rest. Officially forming your business puts you on a path to hire employees, open a business bank account, and enjoy an adjusted business tax structure with maximum tax savings.
District of Columbia Corporate Tax Rates and Brackets
| Corporate Tax Rate | Corporate Tax Bracket |
|---|---|
| 8.25% | $0 |
When Do You Have to File Business Tax Returns in District of Columbia?
| 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 after fiscal year end | The 15th day of the fourth month after fiscal year end | The 15th day of the fourth month after fiscal year end |
LLC Renewal Dates and Fees in District of Columbia
| How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
|---|---|---|
| Annually | $99 | n.a. |
Single Filers - District of Columbia Tax Rates and Brackets
| Single Filer Rates | Single Filer Brackets |
|---|---|
| 4.00% | $0 |
| 6.00% | $10,000 |
| 6.50% | $40,000 |
| 8.50% | $60,000 |
| 9.25% | $250,000 |
| 9.75% | $500,000 |
| 10.75% | $1,000,000 |
Single Filers - District of Columbia Exemptions and Deductions
| Standard Deduction (Single) | Personal Exemption (Single) |
|---|---|
| $14,600 | n.a. |
Married Filing Jointly - District of Columbia Tax Rates and Brackets
| Married Filing Jointly Rates | Married Filing Jointly Brackets |
|---|---|
| 4.00% | $0 |
| 6.00% | $10,000 |
| 6.50% | $40,000 |
| 8.50% | $60,000 |
| 9.25% | $250,000 |
| 9.75% | $500,000 |
| 10.75% | $1,000,000 |
Married Filing Jointly - District of Columbia Exemptions and Deductions
| Standard Deduction (Couple) | Personal Exemption (Couple) |
|---|---|
| $29,200 | n.a. |
What to Look for in District of Columbia Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your District of Columbia-based business, you should take into account these factors:
Expertise in Regulatory Compliance: Look for financial professionals knowledgeable about the District of Columbia's unique regulatory landscape, including compliance with local business laws and federal regulations due to proximity to federal agencies.
Understanding of Local Tax Laws: To optimize your tax strategy and savings, choose an accountant familiar with the District of Columbia's specific tax codes, including sales, property, and business taxes.
Experience with Diverse Industries: Select a professional with experience in sectors prominent in the region, such as non-profits, government contracting, and hospitality. These industries have nuances that the professional should be familiar with.
Networking in the Local Business Community: Professionals with strong connections within the region's business ecosystem can provide valuable insights and opportunities for growth and collaboration.
Adaptability to Urban Business Dynamics: Identify an accountant or bookkeeper who is adept at navigating the unique challenges and opportunities of operating a business in the District of Columbia's urban environment, including familiarity with zoning laws, licensing requirements, and varied market demographics.
Serving Small Businesses Throughout the Entire District of Columbia
“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 District of Columbia 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 the District of Columbia.
*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.