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Accounting and Bookkeeping Services in Kansas City, Missouri
1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services handled by experts. Designed to give you peace of mind and the extra time you need to focus on building your business.
Our Accounting Services for Kansas City Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by an accountant with expertise in your industry, ensuring 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 Kansas City 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 accountant. Strategic planning helps minimize your business tax liability in Missouri throughout the year while ensuring compliance.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, including regular tax submissions to the City of Kansas City. This ensures accuracy and frees you to focus on other vital aspects of your business.
Business Formation: Enjoy the advantages of officially establishing your business in Missouri with our complimentary incorporation services. Simply cover any Kansas City 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.
| Level | Rate |
|---|---|
| State Tax Rate | 4.23% |
| County Tax Rate | 1.38% |
| Municipal Tax Rate | 3.25% |
| Combined Sales Tax Rate | 8.99% |
| City-Specific Taxes |
|---|
| Kansas City imposes a 1% Earnings Tax that all businesses must pay on income earned within the city limits. |
| Licenses and Permits |
|---|
| Must obtain a business license to operate legally. This license expires annually on December 31 and must be renewed by February to avoid penalties. |
| All retail, food, and businesses with employees are required to obtain a Missouri Sales Tax Number. |
| Grants and Funding in Kansas City | Grants and Funding Information |
|---|---|
| Micro-Business Grants | Provide grants of $10,000, $15,000, or $25,000 for small businesses with 10 employees or fewer, which can be used for overhead costs, renovations, technology, and professional services. |
| Small Business Grant Program | The Small Business Grant Program by the Missouri Department of Economic Development offers grants to small businesses negatively impacted by COVID-19, focusing on minority- and women-owned businesses. |
What to Look for in Kansas City, Missouri Accounting and Bookkeeping Services
Certifications and State Compliance: Ensure the accountant or bookkeeper has the right title and certifications, such as working as a CPA. They should also be fluent in Missouri's specific tax regulations and compliance requirements.
Experience and Specialization: Search for professionals with experience in your specific industry. Specialized knowledge is crucial for managing industry-specific financial matters and for strategic long-term planning.
Understanding of Local Economic Conditions: Opt for a professional who understands the local economic environment in Kansas City. This includes familiarity with the city's prominent industries, such as transportation, manufacturing, healthcare, and technology, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Missouri offers business-friendly tax incentives, including credits for job creation, investment, research and development, and energy efficiency. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.
Talk to a business tax expert today for all your tax needs in Kansas City
Additional Accounting Resources:
How to Calculate Quarterly Estimated Taxes in 2024
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
How Much Will A CPA Cost (And Save) Your Small Business?
*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.