Learn how America’s leading virtual accounting firm for small businesses will prepare your taxes, advise you, and maximize your tax savings in New York.
1-800Accountant’s services are powered by a team of Certified Public Accountants (CPA), Enrolled Agents (EA), and tax professionals and technology, enabling New York businesses to minimize tasks while maximizing savings. This allows owners to focus their time and energy on growing their businesses in the Empire State while we handle the rest.
Our CPAs have more than 17 years of experience on average.
We save small businesses more than $12,000 per year on taxes and maximize your refund.
Get unlimited access to a dedicated accounting team and proactive, year-round tax planning and advice.
New York is a big state with world-class cities, such as Rochester and New York City, making it a popular place for small businesses. They’ve said for generations that if you can make it there, you can make it anywhere, which continues to hold true. But as popular as New York is, it ranks as one of the most challenging climates for small businesses, with its high costs, substantial unemployment, and low business survivability rate.
While certain costs are unavoidable, you should never pay more than you have to on your business taxes. That’s where 1-800Accountant, America’s leading virtual accounting firm for small businesses, can help. A quick consultation – not much longer than a New York minute – can preview how our suite of professional business services can maximize your tax savings.
The business tax rate for New York is a flat 7.100% of gross income. This rate may fluctuate by increasing or decreasing.
The sales tax in New York state is generally 4% plus a percentage dictated by the locality where you’re headquartered. For example, if you’re headquartered in New York City, the sales tax is 8.875%.
There are several requirements when registering an LLC in New York. Mainly, the designated “organizer” will form an LLC by filing the Articles of Organization with the Department of State. Organizers will also prepare and sign these Articles.
There are other responsibilities, including adopting a written Operating Agreement and publication requirements, that must be met when forming an LLC in the state.
LLCs do pay taxes in New York, as do other entity types. For federal tax regulations, LLC owners can elect to be taxed as a corporation or partnership. For income tax purposes, state law follows the federal law. State law also imposes a tax based on Gross Revenue. And depending on the nature of the business it undertakes, the LLC may have to pay or collect sales taxes, withholding taxes, and other taxes.
The cost to become an LLC in New York is a $200 Articles of Organization filing fee. When you form your business with 1-800Accountant, we waive our fees and work with the state on your behalf.
We save small businesses more than $12,000 per year on taxes. We guarantee your largest possible refund.
Bookkeepers save you time and money. Focus on running your business, and let us handle your day-to-day accounting.
Simple integrations, automatic calculations. Running payroll and benefits is easy with experts on your team.
Entity selection is the key to tax savings. Partner with us to ensure you pick the best one for your situation.
*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.