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Accounting and Bookkeeping Services in Oklahoma City, Oklahoma
1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services handled by experts designed to give you peace of mind and the extra time you need to focus on building your business.
Our Accounting Services for Oklahoma City Small Businesses
Business Tax Preparation: Ensure your business stays compliant with Oklahoma's tax laws by having your taxes prepared and filed by an accountant who understands the unique regulations affecting businesses in Oklahoma City. Our CPAs, averaging over 17 years of experience, specialize in local tax codes and can save you thousands annually by navigating the complexities of Oklahoma City's tax preparation requirements on your behalf.
Bookkeeping: Strengthen your financial foundation and effectively manage your cash flow with precise, error-free bookkeeping tailored to your Oklahoma City business. Our meticulous bookkeeping services save you time and provide crucial insights, empowering you to make important data-driven decisions. With easy-to-understand financial reports, you'll have the essential tools to interpret your data, enabling your accountant to develop vital financial modeling specific to your industry in Oklahoma.
Tax Advisory: Business tax considerations in Oklahoma are ongoing. With our affordable tax advisory service, you receive year-round guidance from a dedicated small business accountant familiar with Oklahoma's tax landscape. Strategic planning helps minimize your business tax liability throughout the year while ensuring compliance with all state and local regulations.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, ensuring compliance with all state and local regulations in Oklahoma City. We ensure accuracy in payroll processing and tax submissions, freeing you to focus on other vital aspects of your business.
Business Formation: Experience the benefits of officially establishing your business in Oklahoma with our complimentary incorporation services. Simply cover the required state and local fees, and we'll handle the rest. This sets you on the path to hiring employees and opening a business bank account, while enjoying the advantages of an optimized business structure and maximum tax savings specific to Oklahoma City.
| Level | Rate |
|---|---|
| State Tax Rate | 4.50% |
| County Tax Rate | 0% |
| Municipal Tax Rate | 4.13% |
| Combined Sales Tax Rate | 8.63% |
| City-Specific Taxes |
|---|
| Oklahoma City businesses must collect a combined sales tax of 8.63% on the sale of tangible products and certain taxable services, which includes state, county, and city taxes. |
| Licenses and Permits |
|---|
| The following businesses require city-specific licensing in Oklahoma City: Contractors, Hotels, Pawnbrokers, Coin-operated games, and Special event hosts |
| Businesses selling tangible property need a sales tax permit from the Oklahoma Tax Commission. |
| Grants and Funding in Oklahoma City | Grants and Funding Information |
|---|---|
| Oklahoma STEP Fund | Provides matching grants up to $24,000 to help small businesses start or improve exporting activities, covering expenses like trade shows and export training. |
| Technology Business Finance Program (TBFP) | Offers funding for high-tech companies to evaluate the marketability of new technologies, supporting innovation and research in Oklahoma. |
| Small Business Loan Assistance Program | Offers loans from $20,000 to $250,000 with interest rates as low as 4% for businesses in Oklahoma City that create jobs and provide collateral. |
| SBA Funding Programs | Provides funding programs, counseling services, and federal contracting certifications beneficial for businesses in Oklahoma City, connecting them with partner organizations and lenders. |
What to Look for in Oklahoma City, Oklahoma Accounting and Bookkeeping Services
Certifications and State Compliance: Ensure the accountant or bookkeeper has the right title and certifications, such as working as a CPA. They should also be fluent in Oklahoma'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: Opt for a professional who understands the local economic environment in Oklahoma City. This includes familiarity with the city's prominent industries, such as oil and gas, aerospace, biotechnology, and agriculture, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Oklahoma offers business-friendly tax incentives, including credits for investment in rural areas, job creation, and renewable energy production. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.
Talk to a business tax expert today for all your tax needs in Oklahoma City
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.