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Accounting and Bookkeeping Services in Rhode Island
1-800Accountant, America’s leading virtual accounting firm for small businesses, efficiently manages all of your time-consuming bookkeeping and accounting tasks with comprehensive end-to-end services designed to foster your small business's growth and development.
Our Accounting Services for Rhode Island Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA who specializes in your industry. Entrust the complexities of Rhode Island tax preparation to our CPAs, who have more than 17 years of experience on average, so you can enjoy peace of mind about your business tax situation and save thousands annually.
Bookkeeping: Enhance your financial stability and oversee your cash flow with precise, error-free bookkeeping done for you that saves time and provides essential data-driven business insights. This meticulous process offers the ideal tools for data analysis with easy-to-understand reporting, enabling your accountant to produce vital financial models.
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 CPA. Strategic planning helps minimize your business tax liability in Rhode Island throughout the year while ensuring compliance..
Payroll: Save hours each pay period with our streamlined payroll service handled for you with tax submissions to the state. This frees you to concentrate on other areas of your business without the burden of doing payroll yourself.
Business Formation: Benefit from officially registering your business in Rhode Island with our complimentary incorporation service. You cover the state fees, and we manage everything else. This put you on a path to hiring staff, opening a business bank account, and enjoying an optimized business tax structure for maximum tax savings.
Rhode Island Corporate Tax Rates and Brackets
| Corporate Tax Rate | Corporate Tax Bracket |
|---|---|
| 7.0% | $0 |
When Do You Have to File Business Tax Returns in Rhode Island?
| Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
|---|---|---|
| The 15th day of the third month after fiscal year end | The 15th day of the fourth month after fiscal year end | The 15th day of the third month after fiscal year end |
LLC Renewal Dates and Fees in Rhode Island
| How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
|---|---|---|
| Annually | $150 | $50 |
Single Filers - Rhode Island Tax Rates and Brackets
| Single Filer Rates | Single Filer Brackets |
|---|---|
| 3.75% | $0 |
| 4.75% | $77,450 |
| 5.99% | $176,050 |
Single Filers - Rhode Island Exemptions and Deductions
| Standard Deduction (Single) | Personal Exemption (Single) |
|---|---|
| $10,550 | $4,950 |
Married Filing Jointly - Rhode Island Tax Rates and Brackets
| Married Filing Jointly Rates | Married Filing Jointly Brackets |
|---|---|
| 3.75% | $0 |
| 4.75% | $77,450 |
| 5.99% | $176,050 |
Married Filing Jointly - Rhode Island Exemptions and Deductions
| Standard Deduction (Couple) | Personal Exemption (Couple) |
|---|---|
| $21,150 | $9,900 |
What to Look for in Rhode Island Accounting and Bookkeeping Services
When picking an accountant or bookkeeper for you Rhode Island small business, you should assess these key considerations:
Understanding of Rhode Island Tax Laws: Choose a professional with deep knowledge of Rhode Island-specific tax regulations, including state income, sales, and property tax nuances impacting your business.
Familiarity with Local Business Incentives: Identify professionals knowledgeable about state and local incentives, such as business tax credits or grants in Rhode Island.
Experience with Maritime and Tourism Sectors: Select an accountant experienced with the financial intricacies of Rhode Island's important maritime and tourism industries.
Expertise in Small Business Needs: Opt for a tax professional who understands the unique challenges and opportunities of small businesses in Rhode Island’s economic landscape.
Local Compliance and Regulatory Knowledge: Ensure your prospective accountant or bookkeeper is adept at navigating Rhode Island’s specific business regulations and compliance requirements impacting your operations.
Serving Small Businesses Throughout the Entire State of Rhode Island
- Providence
- Pawtuckett
- Newport
- Warwick
- Westerly
- Cranston
- Bristol
- Middletown
“I’ve been fortunate to have great accountants who care, get back to me very timely, and believe they do a great job getting the most money back they are able to.”
Sal
Actual customer testimonial. Photo is illustrative only.
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
Talk to a business tax expert today for all your tax needs in Rhode Island.
*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.