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Accounting and Bookkeeping Services in Jackson, Mississippi
Small business owners in Jackson trust 1-800Accountant's experienced CPAs to handle their bookkeeping and tax needs, saving valuable time while maximizing deductions and maintaining Mississippi compliance.
Our Accounting Services for Jackson 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 Jackson 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 Mississippi 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 Jackson, 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 Mississippi with our complimentary incorporation services. Simply cover any Jackson 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 | 7% |
| County Tax Rate | None |
| Municipal Tax Rate | 1% |
| Combined Sales Tax Rate | 8% |
| City-Specific Taxes |
|---|
| Businesses operating in Jackson must collect and remit the Hinds County local option sales and use tax of 0.5% on all taxable sales in addition to the 7% state rate. Returns and payments are due monthly by the 20th of the following month. |
| Licenses and Permits |
|---|
| All businesses operating in Jackson must obtain a Business Privilege License before opening. |
| The license application process requires registration with the Mississippi Secretary of State first, notarized application submitted through the OpenGov platform, zoning approval for your business location, and payment of fees based on number of employees or inventory value. |
| Jackson has digitized its licensing process to allow online applications and renewals, making it more efficient for small business owners. |
| Real estate businesses, e-commerce operations, and local service providers must all comply with these requirements and may need additional inspections depending on location. |
| Grants and Funding in Jackson | Grants and Funding Information |
|---|---|
| State Small Business Credit Initiative (SSBCI) | Mississippi has been approved for up to $86 million in funding through this initiative to support small businesses and startups. The program is operated by the Mississippi Development Authority (MDA) and offers various funding options designed to strengthen the small business sector throughout the state. |
| Rural Business Development Grants | Available through USDA Rural Development specifically for Mississippi businesses. For fiscal year 2025, funding is available for Technical Assistance for passenger Rural Transportation Systems. Applications open January 6, 2025 and close April 7, 2025. Grants are evaluated based on job creation potential, non-federal funding commitment, economic need, and alignment with local economic development priorities. |
| Jackson Small Business Grants | The City of Jackson offers specific grants for businesses operating within city limits. These include funding opportunities for for-profit businesses, non-profit organizations, and even sole proprietors operating from their primary residence in Jackson. These grants are designed to stimulate local economic growth and business development. |
| InvestMS Program | A key state initiative providing funding and incentives specifically for Mississippi businesses. This program aims to foster business development and growth throughout the state with a focus on supporting minority and small business enterprises. |
What to Look for in Jackson, Mississippi Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Jackson small business, you should consider the following factors:
Certifications and State Compliance: Look for professionals with recognized credentials like CPA certification who demonstrate thorough knowledge of Mississippi tax codes. Jackson businesses face unique state and local tax considerations that require specialized expertise, particularly with Mississippi's corporate franchise tax and local business regulations.
Healthcare Industry Experience: With Jackson's position as a medical services hub, prioritize accountants familiar with healthcare financial management. An accountant who understands medical billing complexities, insurance reimbursement tracking, and healthcare-specific deductions can provide significant value to medical practices and related businesses in the Jackson metro area.
Education and Nonprofit Sector Knowledge: Given the prominence of universities and research institutions in Jackson, seek financial professionals experienced with grant accounting, research funding management, and the tax implications specific to educational and nonprofit organizations. This specialized knowledge helps navigate the complex financial reporting requirements these entities face.
Cultural and Tourism Business Understanding: Jackson's growing museum and cultural tourism sector requires accountants who understand seasonal cash flow management, ticket sales tax reporting, and the unique financial challenges of cultural institutions. Look for professionals who have worked with similar organizations in the capital city region.
Local Economic Development Incentives: Choose an accountant familiar with Jackson's urban development initiatives and Mississippi's business incentives. Knowledge of programs like the West Jackson Urban Farm tax benefits or the state's creative economy incentives can help your business access valuable tax advantages and growth opportunities specific to the region.
Talk to a business tax expert today for all your tax needs in Jackson.
Additional Mississippi 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
*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.