1-800Accountant, America’s leading virtual accounting firm for small businesses, offers comprehensive, end-to-end bookkeeping and accounting services designed to alleviate the burdens of time-consuming tasks and support the growth and development of your small business.
Business Tax Preparation: Have your taxes prepared and filed by a CPA who specializes in your industry. Enjoy peace of mind about your business tax situation and save thousands annually when you entrust the complexities of Ohio tax preparation to our CPAs, who have more than 17 years of experience on average..
Bookkeeping: Solidify your financial foundation and manage cash flow with accurate bookkeeping done for you that saves time and provides valuable, data-driven insights. This meticulous work delivers essential information for data interpretation with easy-to-understand reporting, enabling your accountant to create vital financial models.
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 CPA. Strategic planning helps minimize your business tax liability in Ohio throughout the year while ensuring compliance.
Payroll: Free up numerous hours each pay period with our comprehensive payroll service handled for you with regular tax submissions to the state. This ensures accuracy and allows you to focus on other aspects of your business.
Business Formation: Benefit from officially establishing your business in Ohio with our complimentary incorporation service. You only pay the state fees, and we manage the rest. This puts you on a path to hiring employees, opening a business bank account, and enjoying an optimized business tax structure for maximum tax savings.
Ohio Corporate Tax Rates and Brackets
Corporate Tax Rate | Corporate Tax Bracket |
---|---|
None - taxed on gross receipts | n.a. |
When Do You Have to File Business Tax Returns in Ohio?
Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
---|---|---|
The 15th day of the fourth month after fiscal year end | The 15th day of the fourth month after fiscal year end | The 15th day of the fourth month after fiscal y ear end |
LLC Renewal Dates and Fees in Ohio
How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
---|---|---|
No report needed | $99 | $0 |
Single Filers - Ohio Tax Rates and Brackets
Single Filer Rates | Single Filer Brackets |
---|---|
2.75% | $26,050 |
3.50% | $92,150 |
Single Filers - Ohio Exemptions and Deductions
Standard Deduction (Single) | Personal Exemption (Single) |
---|---|
n.a. | $2,400 |
Married Filing Jointly - Ohio Tax Rates and Brackets
Married Filing Jointly Rates | Married Filing Jointly Brackets |
---|---|
2.75% | $26,050 |
3.50% | $92,150 |
Married Filing Jointly - Alabama Exemptions and Deductions
Standard Deduction (Couple) | Personal Exemption (Couple) |
---|---|
n.a. | $4,800 |
When choosing an accountant or bookkeeper for your Ohio small business, you should consider:
Familiarity with Local Economic Zones: To maximize business benefits, choose a professional knowledgeable about tax incentives and financial programs in Ohio's economic zones.
Experience with Ohio-Specific Industries: Consider accountants or bookkeepers experienced in sectors including manufacturing, agriculture, or healthcare, which are prevalent in Ohio and present unique financial and regulatory challenges.
Understanding of Municipal Requirements: Opt for a professional versed in the financial reporting and tax obligations that vary across Ohio's cities and towns, ensuring local compliance.
Knowledge of Ohio Sales Tax Laws: Ensure prospects understand Ohio's sales tax structure, including exemptions and rules specific to different types of products and services, to avoid costly mistakes.
Connections with Ohio Financial Institutions: Identify a professional familiar with local banks and financial institutions, which can be beneficial for securing financing or managing business banking needs effectively.
*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.