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.
Business Tax Preparation: Have your taxes prepared and filed by an accountant with expertise in Queens' diverse industries, so you're always confident in your business tax situation. Our local CPAs, with more than 17 years of experience on average, understand the unique tax codes of New York City and can save you thousands annually when you delegate complex Queens tax preparation to them!
Bookkeeping: Solidify your financial base and manage cash flow with precise, error-free bookkeeping tailored to Queens businesses. We'll save you time and provide crucial insights that empower you to make important data-backed decisions in the fast-paced New York market. Our 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 in Queens 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 familiar with New York's tax environment. Strategic planning helps minimize your business tax liability in New York throughout the year while ensuring compliance with city and state regulations.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, including compliance with New York's complex labor laws and regular tax submissions to the City of New York. We ensure accuracy, so you can focus on other vital aspects of your Queens-based business.
Business Formation: Enjoy the advantages of officially establishing your business in Queens with our complimentary incorporation services. Simply cover any local 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 in New York.
Level | Rate |
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State Tax Rate | 4% |
County Tax Rate | 0% |
Municipal Tax Rate | 4.50% |
Combined Sales Tax Rate | 8.88% |
City-Specific Taxes |
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Businesses in Queens must pay New York City's Unincorporated Business Tax (UBT), which imposes a 4% tax on owners of certain unincorporated businesses operating in the city. |
Licenses and Permits |
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The following types of businesses must file for specific licensing: Bingo game operator, booting company, car wash, commercial lessor, construction labor provider, construction labor provider, dealer in products for the disabled, debt collection agency, electronic & home appliance service dealer, electronic cigarette retail dealer, electronics store, employment agency, games of chance, garage and parking lot, general vendor, general vendor distributor, home improvement contractor, horse drawn cab driver, horse drawn cab owner, industrial laundry, industrial laundry delivery, locksmith, locksmith apprentice, newsstand, pawnbroker, pedicab business, pedicab driver, process server individual, process serving agency, scale dealer/repairer, scrap metal processor, secondhand dealer auto/general, sightseeing bus, sightseeing guide, specialized vending license/midtown core waiting list, stoop line stand, storage warehouse, temp street fair vendor permit, third-party food delivery service, ticket seller business/individual |
Grants and Funding in Queens | Grants and Funding Information |
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NYC Small Business Opportunity Fund | Offers financing with fair terms and low rates for startup and growth-stage businesses in NYC. |
Contract Financing Loan Fund | Provides loans up to $1,000,000 at a 3% interest rate for contracts with City agencies or City-funded entities. |
Global NY Fund Grant Program | Offers grants up to $25,000 to small and medium-sized businesses to increase exports and participate in international trade activities. |
New York Forward Loan Fund (NYFLF) | Provides loans up to $150,000 to support small businesses and nonprofits in recovering from the economic effects of COVID-19. |
When choosing an accountant or bookkeeper for your small business, you should consider the following factors:
Certifications and State Compliance: Ensure the accountant or bookkeeper holds appropriate certifications, such as being a Certified Public Accountant (CPA). They should be well-versed in New York State's specific tax regulations and compliance requirements, including familiarity with any city-specific obligations in Queens.
Experience and Specialization: Seek out professionals who have experience in your specific industry. In Queens, which has a diverse economy encompassing sectors like healthcare, retail, manufacturing, and transportation, it's beneficial to find someone who understands the nuances of your field. Specialized knowledge is crucial for managing industry-specific financial matters and for strategic long-term planning.
Understanding of Local Economic Conditions: Choose a professional who understands the local economic environment in Queens. Familiarity with the borough's unique business landscape, including its multicultural communities and small business ecosystem, can significantly impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: New York State offers various tax incentives and credits, such as the Excelsior Jobs Program, investment tax credits, and incentives for businesses operating in empowerment zones or employing certain demographics. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden effectively.
*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.