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Accounting and Bookkeeping Services in New Orleans, Louisiana
1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services in New Orleans, Louisiana. Handled by experts, our services provide you with peace of mind and the extra time you need to focus on growing your business.
Our Accounting Services for New Orleans Small Businesses
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 Orleans 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 accountant. Strategic planning helps minimize your business tax liability in Louisiana 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 New Orleans, 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 Louisiana with our complimentary incorporation services. Simply cover any New Orleans 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.
| Level | Rate |
|---|---|
| State Tax Rate | 4.45% |
| County Tax Rate | 5% |
| Municipal Tax Rate | 0% |
| Combined Sales Tax Rate | 9.45% |
| City-Specific Taxes |
|---|
| Businesses in New Orleans must collect and remit a combined sales tax of 9.45% on taxable sales. |
| Licenses and Permits |
|---|
| The following businesses require city-specific licensing in New Orleans. All businesses must obtain an Occupational or General Business license: Restaurants and food service establishments need additional health department documentation, home-based businesses require a Home Based Business Certificate, occupational licenses must be renewed annually, which can be done online or by submitting Form 8030 to the Bureau of Revenue. |
| Grants and Funding in New Orleans | Grants and Funding Information |
|---|---|
| Small Business Loan Guaranty Program | Offers a guaranty of up to 80% or $1.5 million to help Louisiana small businesses access traditional financing. |
| Micro Lending Program | Provides loans ranging from $1,000 to $100,000 for Louisiana companies with 100 employees or fewer, targeting underserved small businesses. |
| Restore Louisiana Small Business Loan Program | Designed to help small businesses recover from natural disasters, offering financial assistance to businesses with 50 or fewer employees affected by hurricanes. |
| Small Business Assistance Grant Program | Offers recoverable grants of up to $25,000 to support small businesses along designated commercial corridors in New Orleans. |
What to Look for in New Orleans, Louisiana Accounting and Bookkeeping Services
Certifications and State Compliance: Ensure the accountant or bookkeeper has the appropriate certifications, such as being a Certified Public Accountant (CPA) licensed in Louisiana. They should also be well-versed in Louisiana's specific tax regulations and compliance requirements.
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: Choose a professional who understands the local economic environment in New Orleans. This includes familiarity with the city's prominent industries, such as tourism, hospitality, oil and gas, maritime, and healthcare. This knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Louisiana offers various business-friendly tax incentives, including credits for digital media, motion picture production, research and development, and renewable energy. Additionally, there are incentives for businesses located in designated enterprise zones and for those hiring from certain demographics. A knowledgeable financial professional can help you navigate these incentives and provide recommendations to minimize your tax burden.
Talk to a business tax expert today for all your tax needs in New Orleans
Additional Accounting Resources:
How to Calculate Quarterly Estimated Taxes in 2024
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
How Much Will A CPA Cost (And Save) Your Small Business?
*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.