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Accounting and Bookkeeping Services in Reno, Nevada
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.
Our Accounting Services for Reno Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by an accountant 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 Reno 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 accountant. Strategic planning helps minimize your business tax liability in Nevada 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 Reno, 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 Nevada with our complimentary incorporation services. Simply cover any Reno 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.
| Level | Rate |
|---|---|
| State Tax Rate | 4.60% |
| County Tax Rate | 3.67% |
| Municipal Tax Rate | 0% |
| Combined Sales Tax Rate | 8.27% |
| City-Specific Taxes |
|---|
| Businesses in Reno must collect a combined sales tax rate of 8.38%, which includes the state rate of 6.85% and a local rate of up to 1.53%. |
| Licenses and Permits |
|---|
| To operate a business in Reno, Nevada, you'll need to obtain the following licenses and permits: State Business License from the Nevada Secretary of State, renewable annually for $200, City of Reno Business License for businesses within city limits, Retail Sales Permit from the Nevada Department of Taxation for businesses selling goods, Home Occupation Permit for home-based businesses, and special permits may be required for certain professions (e.g., contractors, beauticians, dentists) |
| Grants and Funding in Reno | Grants and Funding Information |
|---|---|
| State of Nevada Incentives | The State of Nevada Incentives offer sales tax abatements, tax deferrals, and real property tax abatements to encourage businesses to operate in the state. |
| Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs | Provide funding for high-risk, high-reward research and development projects, beneficial for technology-based businesses in Nevada. |
| Washoe County's Local Government Grants | May support economic development and infrastructure projects that could benefit local businesses in Reno. |
| Rural Business Development Grants (RBDG) | Can be used by nonprofit entities serving rural areas for various purposes, including training and technical assistance, land acquisition, and community economic development. |
What to Look for in Reno, Nevada Accounting and Bookkeeping Services
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 Nevada'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 Reno. This includes familiarity with the city's prominent industries, such as gaming, tourism, manufacturing, and technology, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Nevada offers business-friendly tax policies, including no state income tax, no corporate income tax, and various incentives for businesses. A knowledgeable financial professional can help navigate these benefits and make recommendations to minimize your tax burden.
Talk to a business tax expert today for all your tax needs in Reno
Additional Accounting Resources:
How to Calculate Quarterly Estimated Taxes in 2024
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
How Much Will A CPA Cost (And Save) Your Small 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.