1-800Accountant, America’s leading virtual accounting firm for small businesses, expertly manages your bookkeeping and accounting tasks with comprehensive services designed to foster 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 Oklahoma tax preparation to our CPAs, who have more than 17 years of experience on average.
Bookkeeping: Fortify your financial base and control your cash flow with precise, error-free bookkeeping done for you that saves time and produces vital data-driven business insights. This meticulous approach supplies the optimal tools for data interpretation with easy-to-understand reporting, enabling your accountant to create essential 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 minimizes your business tax liability in Oklahoma throughout the year while ensuring compliance..
Payroll: Free up countless hours in each pay period with our efficient payroll service handled for you with regular tax submissions to the state. This allows you to concentrate on other business areas without the burden of doing payroll yourself.
Business Formation: Benefit from officially registering your business in Oklahoma with our complimentary incorporation service. You cover the state fees, and we handle everything else. This puts you on a path to hiring staff, opening a business bank account, and enjoying an optimized business tax structure for maximum tax savings.
Oklahoma Corporate Tax Rates and Brackets
Corporate Tax Rate | Corporate Tax Bracket |
---|---|
4.0% | $0 |
When Do You Have to File Business Tax Returns in Oklahoma?
Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
---|---|---|
30 days after the federal due date | 30 days after the federal due date | 30 days after the federal due date |
LLC Renewal Dates and Fees in Oklahoma
How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
---|---|---|
Annually | $100 | $25 |
Single Filers - Oklahoma Tax Rates and Brackets
Single Filer Rates | Single Filer Brackets |
---|---|
0.25% | $0 |
0.75% | $1,000 |
1.75% | $2,500 |
2.75% | $3,750 |
3.75% | $4,900 |
4.75% | $7,200 |
Single Filers - Oklahoma Exemptions and Deductions
Standard Deduction (Single) | Personal Exemption (Single) |
---|---|
$6,350 | $1,000 |
Married Filing Jointly - Oklahoma Tax Rates and Brackets
Married Filing Jointly Rates | Married Filing Jointly Brackets |
---|---|
0.25% | $0 |
0.75% | $2,000 |
1.75% | $5,000 |
2.75% | $7,500 |
3.75% | $9,800 |
4.75% | $12,200 |
Married Filing Jointly - Oklahoma Exemptions and Deductions
Standard Deduction (Couple) | Personal Exemption (Couple) |
---|---|
$12,700 | $2,000 |
When choosing an accountant or bookkeeper for your Oklahoma small business, you should take these considerations into account:
Proficiency in Oklahoma Tax Laws: Choose a financial professional knowledgeable about state-specific tax regulations, including sales tax, property tax, and business income tax nuances.
Experience with Local Industries: Select a tax professional familiar with Oklahoma's key industries including oil, gas, agriculture, and aerospace for tailored financial advice.
Understanding of Oklahoma Economic Incentives: Ensure prospects are aware of state incentives, credits, and rebates that can benefit your business financially.
Compliance and Regulatory Expertise: Look for a professional adept at navigating Oklahoma's regulatory environment to ensure your business meets all legal requirements.
Strong Local Network: Opt for professionals familiar with the local business community, which can be valuable for referrals and additional support services.
*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.