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Accounting and Bookkeeping Services in Kent, Washington
Small business owners in Kent trust 1-800Accountant's expert CPAs to handle their bookkeeping and tax needs, saving valuable time while maximizing deductions and maintaining compliance.
Our Accounting Services for Kent 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 Kent 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 Washington 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 Kent, 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 Washington with our complimentary incorporation services. Simply cover any Kent 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 | 6.5% |
| County Tax Rate | 0.0% |
| Municipal Tax Rate | 3.7% |
| Combined Sales Tax Rate | 10.2% |
| City-Specific Taxes |
|---|
| Kent charges a Business and Occupation (B&O) Tax on gross receipts of all businesses within city limits. Rates are 0.090% for retailing, 0.024% for wholesaling, 0.048% for manufacturing, and 0.154% for service and other activities. Monthly filers pay by the last day of the month after the reporting month. Quarterly filers pay by April 30, July 31, October 31, and January 31. |
| Licenses and Permits |
|---|
| Every business operating in Kent, Washington must obtain a City Business License unless specifically exempt. |
| Multiple businesses operating at one location each require separate business licenses. |
| Home-based businesses need to complete a specific Home Business License Application. |
| Building permits are required for construction, enlargement, repair, or conversion of any structure. |
| Kent has streamlined its permitting process through the Economic and Community Development Department to better support new and existing businesses. |
| Grants and Funding in Kent | Grants and Funding Information |
|---|---|
| City of Kent Human Services Grants | The City of Kent provides funding for human services through grants to local and regional agencies. These grants are targeted at organizations that provide essential services to Kent residents. Businesses that provide human services may be eligible to apply for funding during the 2025-2026 grant cycle. |
| Main Street Tax Credit Incentive Program | Offered through the Kent Downtown Partnership, this program provides a 75% tax credit for State B&O or Public Utility taxes for businesses that make contributions to downtown Kent development. This incentive helps businesses reduce their tax burden while supporting local economic development initiatives. |
| Washington State Department of Commerce Loan Programs | While not grants, these loan programs from the Washington State Department of Commerce provide vital capital for Kent businesses looking to expand. Funding can be used for purchasing new equipment, renovating facilities, expansion, or construction projects that support business growth in the region. |
| Small Business Grants in Kent | Various small business grants are available for Kent-based businesses, including opportunities for for-profit businesses, non-profit organizations, and sole proprietors operating from their primary residence in Kent. These grants provide financial support for local business development and growth. |
What to Look for in Kent, Washington Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Kent small business, you should consider the following factors:
Aerospace and Manufacturing Industry Knowledge: Kent's strong aerospace and advanced manufacturing sectors require accountants who understand the complex tax implications of federal contracts, R&D credits, and depreciation schedules for specialized equipment. Look for professionals with experience serving Boeing suppliers and other manufacturing clients in the Puget Sound region.
Multi-State Tax Expertise: With Kent's position as a logistics hub between Seattle and Tacoma, many businesses operate across multiple jurisdictions. Your financial professional should navigate Washington's B&O tax structure while understanding how your business might be affected by neighboring state tax requirements and interstate commerce regulations.
Technology Sector Experience: As Kent's tech sector grows, seek accountants familiar with the unique financial challenges of software development, SaaS models, and technology startups. They should understand Washington's favorable tax treatment for certain technology investments and the complex revenue recognition principles these businesses face.
International Business Acumen: Kent's diverse community and international business connections demand accountants who can handle foreign transactions, currency conversions, and import/export considerations. This expertise becomes particularly valuable for businesses working with the numerous international companies throughout the Puget Sound corridor.
Warehousing and Logistics Specialization: For Kent's thriving warehousing and distribution businesses, look for accountants who understand inventory valuation methods, supply chain financial management, and the specific tax implications of logistics operations. They should help optimize your financial reporting to reflect the rapid movement of goods through your facility.
Local Business Network: Choose professionals connected to Kent's business community who can introduce you to potential partners, clients, and resources. Their relationships with local banks, the Kent Chamber of Commerce, and economic development organizations can provide valuable growth opportunities beyond basic accounting services.
Talk to a business tax expert today for all your tax needs in Kent.
Additional Washington Accounting Resources:
A Complete Small Business Tax Guide: Washington State
CPA vs. Tax Preparer: Which Is Best for Your Business?
10 Common Small Business Tax Questions
*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.