1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services handled by experts in Arizona designed to give you peace of mind and the extra time you need to focus on building your Phoenix area business.
Business Tax Preparation: Navigating the complexities of Phoenix's tax landscape can be daunting, but our CPAs are experts in your industry, with an average of 17 years of experience. Let them handle your business tax preparation and filing, ensuring you're always confident in your Arizona tax situation. Their expertise can save you thousands annually, allowing you to focus on growing your business.
Bookkeeping: Establish a solid financial foundation and maintain a healthy cash flow with our precise, error-free bookkeeping services. Our meticulous process provides easy-to-understand reporting, enabling your accountant to develop vital financial models and empowering you to make data-backed decisions for your Phoenix-based business.
Tax Advisory: Tax considerations for businesses in Arizona don't end in April. Our affordable tax advisory service offers year-round guidance from a dedicated small business CPA. Strategic planning minimizes your tax liability in Phoenix while ensuring compliance, giving you peace of mind throughout the year.
Payroll: Save valuable time each pay period with our comprehensive payroll services. We handle regular tax submissions to the city of Phoenix, ensuring accuracy and freeing you to focus on other vital aspects of your Arizona business.
Business Formation: Officially establishing your business in Phoenix comes with advantages, and our complimentary incorporation services make it easy. Simply cover any Phoenix fees, and we'll manage the rest, putting you on the path to hiring employees, creating a business bank account, and experiencing the benefits of an optimized business structure and maximum tax savings in Arizona.
Level | Rate |
---|---|
State Tax Rate | 5.6% |
County Tax Rate | 0.7% |
Municipal Tax Rate | 2.3% |
Combined Sales Tax Rate | 8.6% |
City-Specific Taxes |
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Arizona has a Transaction Privilege Tax that all businesses must pay. The state license fee is $12 per location. |
State | State Tax Rate | Rank | Avg. Local Tax Rate | Combined Rate | Rank | Max Local Tax Rate |
---|---|---|---|---|---|---|
Arizona | 5.6% | 28 | 2.78% | 8.38% | 12 | 5.3% |
Licenses and Permits |
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Certain business activities in Phoenix require city-specific licensing: |
Amusements |
Auctions |
Curb Painters |
Massage |
Vending |
Business and Workforce Development Grants are available for Phoenix businesses
Grants and Funding in Arizona | Grants and Funding information |
Management Technical Assistance | This Community Development Block Grant (CDBG)-funded program matches Phoenix business owners with experienced private sector consultants who can offer guidance in seven technical areas: general business, marketing, accounting and finance, information systems, organizational development, quality control and public and private procurement. Consultants are chosen from those who respond to an annual request for qualifications (RFQ). |
Business Assistance Program | The goal of the Business Assistance Program is to provide funds to community agencies that, in turn, foster economic growth in Phoenix's small business community. The Community and Economic Development Department issues a request for proposals (RFP) annually. |
Workforce Innovation and Opportunity Act - Youth Programs | The Human Services Department, Business and Workforce Division solicits proposals from qualified organizations to provide programs and services to City of Phoenix youth through its federal Workforce Innovation and Opportunity Act (WIOA) Youth Workforce Program. Eligible organizations must have experience responding to the unique needs of youth with barriers and assist them with obtaining employment, re-engage in school, prepare for postsecondary education and/or connect to industry-focused education and training programs and provide career pathways that lead to long-term career development opportunities. |
When choosing an accountant or bookkeeper for your Arizona small business, you should consider the following factors:
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 Arizona'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 Phoenix. This includes familiarity with the state's prominent industries, such as technology, tourism, and real estate, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Arizona offers business-friendly tax incentives, including credits for job creation, research and development, and renewable energy investments. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.
Phoenix, the capital of Arizona, is a bustling city that always seems to have something going on. Much of that activity is centralized in downtown Phoenix, with its eclectic mix of museums and independent art galleries juxtaposed with the Phoenix Convention Center and multiple professional sports complexes. There's something for everyone, and small business owners and entrepreneurs have taken notice. Industries, including education, transportation, and hospitality, have been essential to the city's sustained economic growth.Find out how our tax professionals can help your Phoenix-based business grow.
Phoenix attracts residents with its consistently sunny weather and famously low humidity. Great weather presents multiple opportunities for outdoor activities for families and adults, including golfing on one of Phoenix's roughly 200 courses or touring the Sonoran Desert in a hot-air balloon to get a bird's-eye view of the famous saguaro cactus that features prominently on the landscape. After a fun day in the sun, residents can enjoy some of the best tacos in the country or opt for more international cuisine in one of Phoenix's world-class restaurants.
*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.