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Accounting and Bookkeeping Services in Peoria, Arizona
Small business owners in Peoria trust 1-800Accountant's expert CPAs to handle their bookkeeping and tax needs, saving valuable time while maximizing deductions and maintaining compliance year-round.
Our Accounting Services for Peoria Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA with expertise in your industry so you're always confident in your business tax situation. Our CPAs, with more than 17 years of experience on average, can save you thousands annually when you delegate complex Peoria tax preparation to them!
Bookkeeping: Solidify your financial base and manage cash flow with precise, error-free bookkeeping done for you that saves time and provides crucial insights that empower you to make important data-backed business decisions. This meticulous process delivers essential tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop vital financial modeling.
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 tax advisor. Strategic planning helps minimize your business tax liability in Arizona throughout the year while ensuring compliance.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, with regular tax submissions to the city of Peoria, ensuring accuracy and freeing you to focus on other vital aspects of your business.
Business Formation: Enjoy the advantages of officially establishing your business in Arizona with our complimentary incorporation services. Simply cover any Peoria fees, and we will manage the rest. This puts you on a path to hiring employees and creating a business bank account as you experience the benefits of an optimized business structure and maximum tax savings.
Discussing your business taxes with 1-800Accountant is quick and easy:
- Set up a time for us to give you a call.
- Tell us what’s going on with your business.
- Get matched with an accountant who knows your industry & local regulations.
| Level | Rate |
|---|---|
| State Tax Rate | 5.60% |
| County Tax Rate | 0.70% |
| Municipal Tax Rate | 1.80% |
| Combined Sales Tax Rate | 8.10% |
| City-Specific Taxes |
|---|
| Every business must pay the Transaction Privilege Tax (TPT) on gross receipts from activities like contracting (1.8%), restaurants and bars (2.8%), utilities (3.3%), advertising, rentals, and communications. The Arizona Department of Revenue sets how often you report—monthly, quarterly, or annually—based on last year’s tax. You file and pay by the 20th of the month after each period. |
| Licenses and Permits |
|---|
| All businesses operating in Peoria, Arizona must obtain a business license from the city. |
| The initial cost is $45 ($20 application fee + $25 license fee) with annual renewals of $25 due by December 31. |
| Applications can be submitted through the Citizenserve Online Portal. |
Special permits are required for: • Solicitors • Pawn shops • Vacation/Short Term Rentals • Home-based businesses |
| Grants and Funding in Peoria | Grants and Funding Information |
|---|---|
| City of Peoria Not-for-Profit Grant Program | The City of Peoria offers an annual grant program supporting local nonprofits that provide services to Peoria residents. While the FY 2025-26 application period has closed, this program typically reopens annually. Organizations should monitor for upcoming application cycles. |
| Peoria Arts and Culture Grant Program | This grant supports nonprofit arts organizations with projects and programming that enhance the city's cultural landscape. The 2025-26 grant cycle is currently accepting applications as of early 2025. |
| Maricopa SBDC Grant Resources | The Maricopa Small Business Development Center provides a regularly updated list of grant programs available through state, county, city, and local Arizona organizations. These resources cater to small businesses looking for state and local funding opportunities. |
| Arizona State Business Grants | Arizona offers various grants for startups and existing small businesses, including sector-specific grants for advanced manufacturing, agriculture, and innovative industries. These programs aim to support economic development across the state with periodic application cycles. |
What to Look for in Peoria, Arizona Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Peoria small business, you should consider the following factors:
Certifications and Arizona Compliance: Verify the accountant or bookkeeper holds appropriate credentials, such as CPA licensure. They should demonstrate thorough knowledge of Arizona's tax regulations, including the Transaction Privilege Tax (TPT) that replaces a traditional sales tax in the state, and stay current with Maricopa County reporting requirements.
Industry-Specific Experience: Select professionals with proven experience serving businesses in Peoria's growing sectors like sports and recreation, tourism, or outdoor services. A bookkeeper familiar with seasonal revenue patterns common to businesses near the Peoria Sports Complex or tourism-dependent operations will provide more valuable insights than one without this specialized knowledge.
Understanding of Local Economic Dynamics: Choose a financial professional who comprehends Peoria's unique position within the greater Phoenix metropolitan area. They should recognize how the city's blend of urban amenities and small-town character affects local business operations and can help you capitalize on economic development initiatives in expanding areas of the city.
Knowledge of Arizona Tax Advantages: Arizona offers several business-friendly tax structures and incentives that Peoria businesses can leverage. Your accountant should understand specific programs like the Quality Jobs Tax Credit, R&D tax credits, and property tax classifications that benefit different business types. A locally experienced professional can help you navigate these opportunities while maintaining compliance with Maricopa County requirements.
Talk to a business tax expert today for all your tax needs in Peoria.
Additional Arizona Accounting Resources:
Arizona Small Business Tax Guide for 2025
Top 7 Questions to Ask an Accountant
CPA vs. Tax Preparer: Which Is Best for Your 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.