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Accounting and Bookkeeping Services in Iowa
1-800Accountant, America’s leading virtual accounting firm for small businesses, manages all of your demanding bookkeeping and accounting tasks with comprehensive end-to-end services designed to support and expand your small business in Iowa.
Our Accounting Services for Iowa Small Businesses
Business Tax Preparation: Get your taxes expertly prepared and filed by a CPA experienced in your industry so you always feel secure 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 complexities of Iowa tax preparation to them!
Bookkeeping: Strengthen your financial foundation and manage cash flow with meticulous, error-free bookkeeping done for you. This detailed approach saves time and provides critical data-driven business insights. It offers 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 Iowa throughout the year while ensuring compliance.
Payroll: Save numerous hours each pay period with our comprehensive payroll service handled for you with regular tax submissions to the state of Iowa, ensuring accuracy and allowing you to focus on other vital areas of your business.
Business Formation: Experience the benefits of officially establishing your business in Iowa with our complimentary incorporation services. You only cover the state fees, and we manage the rest. This puts you on a path to hire employees, open a business bank account, and enjoy an optimized business tax structure and maximum tax savings.
Iowa Corporate Tax Rates and Brackets
| Corporate Tax Rate | Corporate Tax Bracket |
|---|---|
| 5.5% | $0 |
| 7.1% | $100,000 |
When Do You Have to File Business Tax Returns in Iowa?
| Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
|---|---|---|
| The 30th day of the fourth month after taxable year end for calendar filers | The 30th day of the fourth month after taxable year end for calendar filers | The 30th day of the fourth month after taxable year end for calendar filers |
LLC Renewal Dates and Fees in Iowa
| How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
|---|---|---|
| Every two years | $50 | $30 |
Single Filers - Iowa Tax Rates and Brackets
| Single Filer Rates | Single Filer Brackets |
|---|---|
| 4.40% | $0 |
| 4.82% | $6,210 |
| 5.70% | $31,050 |
Single Filers - Iowa Exemptions and Deductions
| Standard Deduction (Single) | Personal Exemption (Single) |
|---|---|
| n.a. | $40 credit |
Married Filing Jointly - Iowa Tax Rates and Brackets
| Married Filing Jointly Rates | Married Filing Jointly Brackets |
|---|---|
| 4.40% | $0 |
| 4.82% | $12,420 |
| 5.70% | $62,100 |
Married Filing Jointly - Iowa Exemptions and Deductions
| Standard Deduction (Couple) | Personal Exemption (Couple) |
|---|---|
| n.a. | $80 credit |
What to Look for in Iowa Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Iowa small business, business owners should consider these specific factors:
Expertise in Iowa Tax Laws: Look for a financial professional knowledgeable about Iowa's tax regulations, including state income taxes, sales taxes, and property taxes, to ensure compliance and optimize tax savings.
Familiarity with Agricultural and Renewable Energy Sectors: Given the prominence of agriculture and renewable energy industries in Iowa, select someone with professional experienced in these sectors who can provide financial advice tailored to your industries’ unique challenges and opportunities.
Knowledge of Local Business Incentives: Choose an accountant who is familiar with Iowa-specific business incentives, such as the Iowa Economic Development Authority programs and tax credits that can benefit your businesses financially.
Experience with Small- to- Medium-Sized Enterprises: Opt for a professional with a strong track record with SMEs, as they can offer more personalized service and are often more attuned to the challenges faced by smaller businesses in Iowa’s economic climate.
Capability to Manage Multi-State Operations: if your For businesses that operates across state lines, in regions such as those in regions close to neighboring states like Nebraska, Illinois, and Minnesota, ensure your accountant is proficient in handling multi-state tax issues.
Serving Small Businesses Throughout the Entire State of Iowa
- Des Moines
- Cedar Rapids
- Cedar Rapids
- Davenport
- Ames
- Dubuque
- Sioux City
- Waterloo
“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 Iowa 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 Iowa.
*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.