1-800Accountant offers expert virtual accounting services to small businesses in Lakewood, Colorado, helping entrepreneurs maximize tax savings and simplify their financial management.
Business Tax Preparation: Navigate Lakewood's business tax landscape with confidence. Our CPAs average 17 years of experience, tailoring their expertise to your industry. By entrusting your tax preparation to our team, you can save thousands annually while ensuring compliance with local and state regulations.
Bookkeeping: Build a solid financial foundation for your Lakewood business with precise, error-free bookkeeping. Our service saves you time and provides crucial insights for data-driven decision-making. We deliver easy-to-understand reports that empower your accountant to develop accurate financial models, helping you manage cash flow effectively in Colorado's dynamic economy.
Tax Advisory: Tax considerations extend beyond April in Lakewood. Our affordable advisory service connects you with a dedicated small business tax advisor year-round. We help you navigate Colorado's tax laws, develop strategies to minimize your liability, and ensure ongoing compliance, giving you peace of mind to focus on growing your business.
Payroll: Simplify your payroll process and reclaim valuable time each pay period. Our comprehensive service handles all aspects of payroll, including accurate tax submissions to Lakewood and Colorado authorities. This allows you to concentrate on other critical areas of your business while ensuring your employees are paid correctly and on time.
Business Formation: Take advantage of our complimentary incorporation services to establish your business in Colorado. We manage the entire process—you only cover the necessary Lakewood and state fees. This service sets you up for success, enabling you to hire employees, open a business bank account, and benefit from an optimized structure that maximizes tax savings in accordance with local regulations.
Level | Rate |
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State Tax Rate | 2.90% |
County Tax Rate | 0.50% |
Municipal Tax Rate | 3.00% |
RTD Greater Denver | 1.00% |
Scientific & Cultural Facilities District (SCFD) | 0.10% |
Combined Sales Tax Rate | 7.50% |
City-Specific Taxes |
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Lakewood has a Business License Fee that all businesses must pay. The fee for a General Business License is $90 Lakewood Business Licensing. |
Licenses and Permits |
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Businesses providing taxable services, selling, leasing, renting, or delivering goods in Lakewood must obtain a Lakewood Sales and Use Tax License. |
Businesses operating from a residential address in Lakewood are required to secure a Home Occupation License. |
Non-profit organizations with a commercial location in Lakewood need to obtain a Non-Profit Business License. |
Grants and Funding in Lakewood | Grants and Funding Information |
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Advanced Industries Accelerator Program | This program provides Proof of Concept grants up to $150,000 and Early-Stage Capital and Retention grants up to $250,000 to support businesses in advanced industries. It aims to promote growth and innovation within Colorado's advanced industries. |
Community Development Block Grant (CDBG) Business Loan | This program provides loans and loan guarantees to businesses in rural areas, typically requiring the creation or retention of one job per $20,000 in loan funds. It supports economic development and job creation in underserved areas. |
When choosing an accountant or bookkeeper for your Lakewood small business, consider these key factors:
Certifications and State Compliance: Look for a professional who holds the necessary certifications, such as a CPA, and who is well versed in Colorado's tax regulations and business rules. This knowledge is important for keeping your financial practices aligned with state standards.
Experience and Specialization: It is beneficial to work with someone who has experience in industries that are prominent in Lakewood. Professionals who understand key sectors like professional services, healthcare, real estate, and federal government operations will be better prepared to address industry-specific financial challenges.
Understanding of Local Economic Conditions: Choose an accountant or bookkeeper who has a clear view of Lakewood’s unique economic environment. They should appreciate local factors such as the city’s growing sectors—from advanced manufacturing to technology and tourism—as these elements can influence budgeting and strategic planning.
Knowledge of State Tax Incentives: Colorado provides various tax incentives that support business growth. A knowledgeable financial professional will use this expertise to help you take advantage of available tax credits and deductions, tailoring advice to reflect the benefits offered to local businesses.
*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.