Overland Park entrepreneurs can rely on 1-800Accountant, America's leading virtual accounting firm, for expert tax and bookkeeping services tailored to Kansas small businesses, helping you maximize savings and stay compliant.
Business Tax Preparation: Overland Park businesses can rely on our CPAs' deep knowledge of Kansas tax laws to ensure accurate filings and maximize deductions. With an average of 17 years of experience, our team has helped local companies save thousands annually through strategic tax planning tailored to Overland's unique business landscape.
Bookkeeping: Gain clarity on your Overland Park business's financial health with precise, timely bookkeeping. Our services go beyond basic record-keeping, providing you with easy-to-understand reports that highlight trends and opportunities specific to the Kansas market. This detailed financial picture empowers you to make informed decisions that drive growth in Overland's competitive environment.
Tax Advisory: Navigate Kansas tax regulations year-round with personalized guidance from a dedicated small business tax advisor. Our affordable advisory service helps Overland Park entrepreneurs stay compliant while identifying opportunities to reduce tax liability. We keep you informed about local and state tax changes that could impact your Overland business, ensuring you're always prepared.
Payroll: Simplify your payroll process and ensure compliance with Overland Park and Kansas regulations. Our comprehensive service handles everything from calculating wages to submitting tax payments, freeing up your time to focus on serving your Overland Park customers and growing your business. We stay up-to-date on local labor laws, so you can trust that your payroll is always accurate and timely.
Business Formation: Launch your Overland Park venture with confidence using our complimentary incorporation services. We'll guide you through the process of establishing your business in Kansas, handling the paperwork while you cover any required state fees. This sets the foundation for hiring employees, opening a business bank account, and enjoying tax benefits specific to your chosen business structure in Overland Park.
Level | Rate |
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State Tax Rate | 6.50% |
County Tax Rate | 1.48% |
Municipal Tax Rate | 1.38% |
Combined Sales Tax Rate | 9.36% |
City-Specific Taxes |
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Overland Park businesses are subject to a Corporate Income Tax that applies to most corporations. Kansas imposes a 4% tax on net income for corporations, plus a 3% surtax on net income exceeding $50,000. |
Licenses and Permits |
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All businesses in Kansas must register with the Kansas Secretary of State for state business registration. |
Building permits are required for construction or modification of business premises in Overland Park. Commercial permits typically take 10 to 14 business days to process. |
Certain businesses such as real estate agencies, e-commerce businesses, local retail stores, and professional services may require additional licenses or permits. Check with Overland Park city officials for specific local licensing requirements, as they may vary from state regulations. |
Grants and Funding in Overland Park | Grants and Funding Information |
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Kansas Department of Commerce Grant Calendar | Administered by the Kansas Department of Commerce, the Grants Calendar provides businesses with a centralized list of funding opportunities available throughout the year. Funding amounts, eligibility criteria, and application deadlines vary by program. Many grants require a local match, and businesses can find key details such as award timelines and contact information for each opportunity. |
When choosing an accountant or bookkeeper for your Overland Park small business, consider these key factors:
Certifications and State Compliance: A good accountant or bookkeeper in Overland Park holds the proper credentials and understands Kansas tax regulations. They have the right titles and certifications, such as a CPA, and are well-versed in state compliance matters that affect local businesses.
Experience and Specialization: Look for professionals with a proven track record in industries similar to those thriving in this area. Overland Park's expanding sectors include technology, healthcare, financial services, real estate, transportation, marketing, and manufacturing. Experience in these fields equips your advisor to handle the specific financial issues unique to your business.
Understanding of Local Economic Conditions: A professional who knows Overland Park will be familiar with the local environment. They understand the dynamic mix of growing companies and popular local attractions—from a robust culinary scene to cultural highlights like the Museum at Prairiefire—and how these factors influence economic trends and financial decisions in the region.
Knowledge of State Tax Incentives: Kansas offers business credits and incentives related to job creation, capital investment, and industry-specific benefits. A knowledgeable service provider can help you navigate these opportunities, offering guidance to reduce your tax burden and optimize your financial planning.
*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.