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Accounting and Bookkeeping Services in Modesto, California
Small business owners in Modesto trust 1-800Accountant's comprehensive financial services to reduce tax burdens, improve cash flow management, and gain the financial clarity needed for growth.
Our Accounting Services for Modesto 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 Modesto 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 California 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 Modesto, 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 California with our complimentary incorporation services. Simply cover any Modesto 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 | 6.00% |
| County Tax Rate | 1.88% |
| Municipal Tax Rate | 1.00% |
| Combined Sales Tax Rate | 8.88% |
| City-Specific Taxes |
|---|
| Every business in Modesto must pay an annual Business License Tax. The fee is $45 minimum for up to $25,000 in receipts, $3 per $1,000 for $25,001–$100,000, $2.50 per $1,000 for $100,001–$500,000, and $2 per $1,000 over $500,001. Payments are due by December 31 each year. |
| Licenses and Permits |
|---|
| All businesses operating in Modesto must obtain a City of Modesto Business License. |
| The following businesses require specialty permits from Stanislaus County: peddlers and mobile vendors, secondhand dealers, massage establishments, taxicab operators. |
| California state requires a Seller's Permit for any business selling taxable goods or products. |
| Home-based businesses in Modesto still need to obtain proper business licensing before beginning operations. |
| Grants and Funding in Modesto | Grants and Funding Information |
|---|---|
| Community Development Block Grant (CDBG) | This HUD Entitlement Grant provides approximately $1.8 million in funding allocated to Modesto businesses and organizations. The program supports economic development initiatives, infrastructure improvements, and services that benefit low to moderate-income residents and businesses in the city. |
| HOME Investment Partnerships Program | This program provides approximately $900,000 in funding that can benefit local businesses involved in affordable housing development and rehabilitation projects in Modesto. Businesses in construction, property management, and related fields may be eligible for these funds. |
| Stanislaus County Business Revitalization Grants | The county offers business revitalization funding to support local enterprises of various sizes throughout Stanislaus County, including Modesto. These grants aim to strengthen the local economy by providing financial assistance to businesses facing economic challenges or seeking to expand operations. |
| Permanent Local Housing Allocation | This state-allocated funding provides nearly $790,000 annually to support housing-related initiatives in Modesto. Businesses in construction, development, and property management may benefit from these funds through contracts for affordable housing development and rehabilitation projects. |
What to Look for in Modesto, California Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Modesto small business, you should consider the following factors:
Certifications and Agricultural Industry Knowledge: Verify the accountant holds proper certifications such as CPA credentials and understands California's complex tax code. In Modesto's agriculture-driven economy, look for professionals experienced with farm accounting, seasonal revenue cycles, and the specific tax considerations for almond growers and other agricultural businesses in the Central Valley.
Experience with Local Business Sectors: Find professionals who understand Modesto's diverse business landscape. The ideal accountant should have experience working with clients in tourism, food processing, manufacturing, or whichever sector matches your business. Their familiarity with industry-specific deductions and financial patterns will prove invaluable during tax season and financial planning.
Understanding of Central Valley Economic Conditions: Select an accountant familiar with Modesto's unique economic environment. They should understand how seasonal agricultural cycles affect local cash flow, recognize the impact of water regulations on business operations, and stay informed about economic development initiatives in Stanislaus County that might benefit your business.
Knowledge of California Tax Incentives and Compliance: California's tax structure is notoriously complex, with frequent changes affecting small businesses. Your Modesto accountant should help you navigate state-specific requirements while identifying valuable opportunities like California's Small Business Hiring Tax Credit, manufacturing equipment exemptions, or research and development credits that apply to your operation.
Local Business Network Connections: Choose a financial professional with strong connections throughout Modesto's business community. An accountant who participates in local chambers of commerce, attends community events, or has relationships with regional banks and lenders can provide introductions and insights that extend beyond basic bookkeeping services.
Talk to a business tax expert today for all your tax needs in Modesto.
Additional California Accounting Resources:
California Business Tax Guide for Small Businesses
How to Start an S- Corporation in California
A Beginner’s Guide To California Payroll Taxes
*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.