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Accounting and Bookkeeping Services in Raleigh, North Carolina
1-800Accountant, America's leading virtual accounting firm, offers expert tax and bookkeeping services tailored for Raleigh's small businesses, helping North Carolina entrepreneurs maximize savings and stay compliant.
Our Accounting Services for Raleigh Small Businesses
Business Tax Preparation: Navigate Raleigh's business tax landscape with confidence. Our CPAs, averaging 17 years of experience, specialize in local industries and regulations. By entrusting your tax preparation to our experts, you can potentially save thousands each year while ensuring compliance with North Carolina and federal tax laws.
Bookkeeping: Build a solid financial foundation for your Raleigh business with accurate, timely bookkeeping. Our services go beyond data entry, providing you with clear financial insights to drive informed decision-making. We create easy-to-understand reports that help you interpret your financial data, enabling your accountant to develop tailored financial models for your business's growth in the Triangle area.
Tax Advisory: Tax planning is a year-round necessity for Raleigh businesses. Our affordable tax advisory service connects you with a dedicated small business tax advisor who understands North Carolina's tax environment. We help you plan strategically throughout the year, minimizing your tax liability while ensuring you meet all local and state compliance requirements.
Payroll: Simplify your payroll process and reclaim valuable time each pay period. Our comprehensive payroll services handle everything from employee payments to tax submissions for Raleigh and North Carolina authorities. This ensures accuracy, reduces your administrative burden, and allows you to focus on growing your business in the City of Oaks.
Business Formation: Take the first step towards establishing your business in North Carolina with our complimentary incorporation services. You only pay the required state and local fees, and we manage the paperwork and filing process. This service sets you up to hire employees, open a business bank account, and enjoy the benefits of an optimized business structure tailored to Raleigh's business environment.
Level | Rate |
|---|---|
State Tax Rate | 4.75% |
County Tax Rate | 2% |
Municipal Tax Rate | 0% |
Wake Co Transit Tax | 0.50% |
Combined Sales Tax Rate | 7.25% |
City-Specific Taxes |
|---|
| Raleigh businesses with employees must pay an Unemployment Insurance Tax managed by the North Carolina Department of Commerce. The tax rate depends on each business’s employment history and experience rating, so it’s important to determine your specific rate to ensure compliance. |
Licenses and Permits |
|---|
| While Raleigh doesn't require a general business license, certain businesses may need specific licenses and permits. Home-based businesses may require a permit, especially if clients visit or activities affect the neighborhood. |
Zoning permits are necessary to ensure operations are allowed in the chosen location. |
Construction businesses need building permits for renovations or new constructions. |
Grants and Funding in Raleigh | Grants and Funding Information |
|---|---|
| Building Up-fit Grant | The City of Raleigh offers this grant to assist property owners in activating vacant or underutilized commercial building spaces for new business uses or jobs. This grant provides up to $25,000 in 1:1 matching reimbursement for interior commercial building improvements, available as of January 28, 2025. |
| Business Investment Grant (BIG) | A discretionary incentive program offering cash grants to new and existing businesses in specific growth clusters. Administered by the City of Raleigh, this program supports local economic development and job creation. |
| One North Carolina Small Business Program | A state-level initiative that provides grants for small businesses engaged in research and development. The program includes an Incentive Funds pool of $444,444 and a Matching Funds pool of $3,655,556, aiming to boost technology development and innovation across North Carolina. |
What to Look for in Raleigh, North Carolina Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Raleigh small business, consider these key factors:
Certifications and State Compliance: It is essential that your accountant holds the proper credentials, such as a current CPA license, and stays updated on North Carolina’s tax laws and compliance requirements. In a city like Raleigh—with its dynamic mix of technology startups, healthcare innovators, and advanced manufacturers—working with a certified professional can make all the difference.
Experience and Specialization: Look for professionals who have worked with businesses similar to yours. An accountant experienced in serving firms within Raleigh’s vibrant sectors, including research, biotechnology, and culinary services, provides practical insights tailored to your industry. This specialized understanding helps in managing financial details unique to your business, whether you’re part of a large corporation or a small local venture.
Understanding of Local Economic Conditions: Raleigh’s economic environment is shaped by its role in the Research Triangle, hosting companies ranging from IBM and Cisco Systems to thriving healthcare and manufacturing firms. Choosing an accountant familiar with this local landscape ensures that financial advice aligns with market trends and regional opportunities. This local expertise is valuable in crafting strategies that reflect the dynamic blend of tradition and innovation found in Raleigh.
Knowledge of State Tax Incentives: North Carolina offers tax incentives designed to support job creation and capital investment, benefits that can significantly impact your business’s bottom line. A financial professional who is well-versed in these programs can help you take full advantage of available credits and deductions. This insight is especially important in Raleigh, where rapid growth across diverse sectors calls for proactive and informed tax planning.
Talk to a business tax expert today for all your tax needs in Raleigh.
Additional North Carolina 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.