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Accounting and Bookkeeping Services in Providence, Rhode Island
1-800Accountant, America's leading virtual accounting firm, offers expert tax and bookkeeping services tailored for Providence and Rhode Island small businesses, helping you maximize deductions and stay compliant.
Our Accounting Services for Providence Small Businesses
Business Tax Preparation: Navigate Providence's tax landscape with confidence. Our CPAs average 17 years of experience in local industries, helping you comply with Rhode Island regulations while identifying substantial savings opportunities. By entrusting your tax preparation to our experts, you can focus on growing your Ocean State business.
Bookkeeping: Strengthen your financial foundation with precise, error-free bookkeeping that saves time and provides crucial insights. Our meticulous process delivers easy-to-understand reports, empowering you to make informed decisions about your Providence-based business. This detailed financial tracking enables your accountant to develop vital projections and strategies tailored to Rhode Island's unique business environment.
Tax Advisory: Rhode Island tax considerations extend beyond April. Our affordable advisory service connects you with a dedicated small business tax advisor year-round. Get timely guidance on state-specific tax laws, ensuring you minimize your liability while maintaining compliance with Providence and Rhode Island regulations.
Payroll: Simplify your payroll process and reclaim valuable time each pay period. Our comprehensive service handles wage calculations, tax withholdings, and regular submissions to Providence authorities. This ensures accuracy and compliance, freeing you to focus on serving your Rhode Island customers and growing your business.
Business Formation: Take advantage of our complimentary incorporation services to establish your business in Rhode Island. We manage the paperwork and filings—you only cover the required state and local fees. This sets you up to hire employees, open a business bank account, and enjoy the benefits of an optimized structure tailored to Providence's business landscape and Rhode Island tax laws.
Filing your business taxes online with 1-800Accountant is quick and easy:
- Provide required personal and business information.
- Review and select your online business tax preparation service and complete your purchase.
- Log in to your 1-800Accountant Portal and upload documents critical to preparing and filing your taxes.
Level | Rate |
|---|---|
State Tax Rate | 7% |
County Tax Rate | 0% |
Municipal Tax Rate | 0% |
Combined Sales Tax Rate | 7% |
City-Specific Taxes |
|---|
| Providence has a Business Name Registration Fee that all businesses must pay upon registering their name with the Providence City Clerk. The fee is a one-time charge of $10 plus an additional $1 for a certified copy. |
Licenses and Permits |
|---|
| Retail sales businesses in Providence require a city-specific license to operate legally. |
Home-based businesses in Providence need to obtain a Home Occupancy Permit before commencing operations. |
Professional services such as doctors, lawyers, and accountants must secure appropriate licensing from the city. |
Grants and Funding in Providence | Grants and Funding Information |
|---|---|
| Community Development Block Grant (CDBG) Funds | Administered by the City of Providence, these funds support public services, community centers, and economic development initiatives that benefit low to moderate-income residents. The program aims to drive community development and spur economic growth throughout the city. |
What to Look for in Providence, Rhode Island Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Providence small business, consider these key factors:
Certifications and State Compliance: Choose professionals who hold proper credentials, like a CPA, and who understand Rhode Island tax laws and state filing requirements. Their solid grasp of local compliance is important in a city where industries such as technology, healthcare, and advanced manufacturing shape the market.
Experience and Specialization: Look for accountants with a proven record in handling finances for businesses similar to yours. Whether you operate in tech, healthcare, tourism, or the food and beverage sector, a specialist can offer practical advice and plans tailored to the specifics of your field.
Understanding of Local Economic Conditions: A quality financial professional should be familiar with Providence’s dynamic economy. This means knowledge of the city's growth in technology, healthcare and life sciences, the blue economy, and areas like advanced manufacturing and design. Such insight helps in crafting financial strategies that consider local trends and opportunities.
Knowledge of State Tax Incentives: Work with someone who is aware of Rhode Island’s business tax incentives that benefit sectors like manufacturing, tourism, and creative industries. This expertise can help you take advantage of available credits and deductions, reducing tax liabilities while supporting your business objectives.
Talk to a business tax expert today for all your tax needs in Providence.
Additional Rhode Island Accounting Resources:
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
CPA vs. Tax Preparer: Which Is Best for Your Business?
10 Common Small Business Tax Questions Owners Are Asking
*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.