Local Accounting Services in Manhattan, New York
Get accounting, bookkeeping, and tax advisory service for your Manhattan, NY business from America's leading virtual accounting service.
Local Tax Expertise
Ongoing Bookkeeping
Payroll Support
Year-Round Advisory
Local Tax Expertise
Ongoing Bookkeeping
Year-Round Advisory
Payroll Support
Sales Tax Rates
City-Specific Taxes
New York City imposes a 4% Unincorporated Business Tax (UBT) on owners of some unincorporated businesses conducting business in the city.
Licenses and Permits
The following businesses require licenses in Manhattan: General vendors without a retail location, food establishments and handlers, professional services (e.g., doctors, lawyers), retail businesses.
All businesses must obtain a Sales Tax Certificate to collect and pay state sales taxes.
Grants and Funding in Manhattan
Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs
These programs offer grants for research and development of new technologies, supporting small businesses in scientific and technological innovation.
Global NY State Trade Expansion Program (STEP)
Provides reimbursable grants of up to $10,000 to small and medium-sized businesses to enhance competitiveness in the export market.
NYC Small Business Services (SBS) Grant Program
Offers various grants, including a $5,000 grant for resiliency equipment through the Business Preparedness and Resiliency Program.
NYC Small Business Opportunity Fund
Provides loans up to $250,000 at a 4% fixed interest rate, supporting startup and growth-stage businesses with no minimum credit score required.
Good accountants answer questions. Great ones prevent them.
See the difference proactive accounting makes when you're not scrambling for answers at tax time.
What to Look for in Manhattan, New York Accounting and Bookkeeping Services
Business Tax Preparation +
Have your taxes prepared and filed by an accountant 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 New York City and New York State tax preparation to them!
Business Formation +
Enjoy the advantages of officially establishing your business in New York with our complimentary incorporation services. Simply cover any New York City and New York State 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.
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 New York throughout the year while ensuring compliance.
Payroll +
Save hours each pay period with comprehensive payroll services handled for you, with regular tax submissions to New York City and New York State, ensuring accuracy and freeing you to focus on other vital aspects of your business.
Choosing the Right Accountant
When choosing an accountant or bookkeeper for your Manhattan small business, you should consider the following factors:
Certifications and State Compliance
Ensure the accountant or bookkeeper has the right titles and certifications, such as a Certified Public Accountant (CPA) license. They should also be fluent in New York State's specific tax regulations and compliance requirements, especially those that affect businesses in Manhattan.
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 Manhattan. This includes familiarity with the city's prominent industries, such as finance, real estate, fashion, media, and technology, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives
New York offers various tax incentives and credits to businesses, including programs for job creation, investment in certain areas, and research and development activities. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.