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Accounting and Bookkeeping Services in Milwaukee, Wisconsin
1-800Accountant offers expert virtual accounting and tax services tailored for Milwaukee's small businesses, helping entrepreneurs in Wisconsin optimize their finances and focus on growth.
Our Accounting Services for Milwaukee Small Businesses
Business Tax Preparation: Navigate Milwaukee's tax landscape with confidence. Our CPAs average 17 years of experience in various industries, helping you comply with local regulations while identifying substantial savings opportunities. By entrusting your tax preparation to our experts, you can focus on growing your business in the Cream City.
Bookkeeping: Build a solid financial foundation for your Milwaukee enterprise 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 illuminate your financial position, enabling your accountant to develop accurate financial models tailored to Milwaukee's unique business environment.
Tax Advisory: Tax considerations extend beyond April in Wisconsin. Our affordable advisory service connects you with a dedicated small business tax advisor year-round. We help you plan strategically to minimize your tax liability while ensuring compliance with state and local regulations. Stay ahead of Milwaukee's evolving business tax landscape with expert guidance when you need it most.
Payroll: Simplify your payroll process and reclaim valuable time each pay period. Our comprehensive service handles all aspects of payroll, including timely tax submissions to Milwaukee authorities. This ensures accuracy and compliance, freeing you to focus on serving your customers and growing your business in Wisconsin's largest city.
Business Formation: Take the first step towards establishing your business in Wisconsin with our incorporation services. We manage the process for you—you only cover the necessary Milwaukee fees. This sets you on the path to hiring employees and opening a business bank account, while optimizing your structure for tax savings and legal protection in accordance with Wisconsin state laws.
| Level | Rate |
|---|---|
| State Tax Rate | 5.00% |
| County Tax Rate | 0.90% |
| Municipal Tax Rate | 0.00% |
| Combined Sales Tax Rate | 5.90% |
City-Specific Taxes |
|---|
| Milwaukee has a Business Tax Registration (BTR) fee that all businesses must pay. The fee is $20 for a two-year period for new businesses, and $10 for renewals. |
Licenses and Permits |
|---|
| Most businesses operating within Milwaukee city limits are required to obtain a General Business License. |
New businesses in Milwaukee need to secure an Occupancy Certificate to ensure their premises meet safety and zoning standards. |
Any physical changes to business premises in Milwaukee require obtaining the necessary Building and Construction Permits. |
Grants and Funding in Milwaukee | Grants and Funding Information |
|---|---|
| City of Milwaukee Commercial Revitalization Grants | The City of Milwaukee offers a suite of grants to revitalize commercial areas. Programs include Façade Grants (up to $10,000 for building exterior renovations), Signage Grants (up to $5,000 for updating business signage), and Storefront Activation Grants (up to $50,000 for renovating vacant commercial spaces), all aimed at stimulating economic development in neighborhood business districts. |
| Milwaukee County Small Business Initiative Grant | This grant provides local businesses with between $7,500 and $20,000 to help navigate immediate financial challenges, including those resulting from the COVID-19 pandemic. It is designed to support business stabilization and recovery efforts across Milwaukee County. |
| Grow Milwaukee Recompete Plan | A $50 million initiative focused on driving business growth and workforce development on Milwaukee's 30th Street Industrial Corridor. This plan supports long-term community economic revitalization by fostering strong connections between local businesses and emerging career pathways. |
What to Look for in Milwaukee, Wisconsin Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Milwaukee small business, consider these key factors:
Certifications and State Compliance: When selecting an accountant or bookkeeper for your Milwaukee business, check that they hold the proper credentials such as a CPA. They must be fluent in Wisconsin’s tax regulations and meet local compliance requirements.
Experience and Specialization: Choose professionals with a proven background in your industry. For instance, if your business operates within sectors like advanced manufacturing or healthcare, working with someone who has handled similar financial needs makes a noticeable difference.
Understanding of Local Economic Conditions: A knowledgeable financial professional should be aware of Milwaukee’s unique economic landscape. Familiarity with the city’s leading industries, from water technology and food production to education and government services, helps them offer advice that fits the changing local environment.Knowledge of State Tax Incentives: Wisconsin provides tax credits and benefits that support business investments and industry growth. Look for an accountant or bookkeeper who understands these offers and can suggest options to reduce your tax burden effectively.
Talk to a business tax expert today for all your tax needs in Milwaukee.
Additional Wisconsin 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.