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Accounting and Bookkeeping Services in Seattle, Washington
1-800Accountant offers expert virtual accounting services to Seattle's small businesses, helping entrepreneurs navigate Washington's tax landscape while maximizing deductions and maintaining compliance.
Our Accounting Services for Seattle Small Businesses
Business Tax Preparation: Navigate Seattle's complex tax landscape with confidence. Our CPAs average 17 years of experience in diverse industries, helping you comply with local regulations while identifying substantial savings opportunities. By entrusting your tax preparation to our experts, you can focus on growing your business in the Emerald City.
Bookkeeping: Build a solid financial foundation for your Seattle-based business with precise, error-free bookkeeping. Our services save you time and provide crucial insights for data-driven decision-making. We deliver clear, easy-to-understand reports that empower your accountant to develop accurate financial models, essential for thriving in Seattle's competitive market.
Tax Advisory: Seattle's business environment demands year-round tax planning. Our affordable advisory service connects you with a dedicated small business tax advisor who understands Washington state tax laws. We help you minimize your tax liability throughout the year while ensuring compliance with local and state regulations, giving you peace of mind to focus on your Pacific Northwest enterprise.
Payroll: Simplify your payroll process and reclaim valuable time each pay period. Our comprehensive services handle all aspects of payroll, including accurate tax submissions to the City of Seattle. This allows you to concentrate on serving your customers and growing your business in the bustling Seattle market.
Business Formation: Take the first step towards establishing your Seattle-based business with our incorporation services. We manage the entire process - you only cover the necessary Washington state fees. This sets you on the path to hiring employees, opening a business bank account, and enjoying the benefits of an optimized business structure tailored to Seattle's unique business landscape.
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 | 6.50% |
| County Tax Rate | 0% |
| Municipal Tax Rate | 3.85% |
| Combined Sales Tax Rate | 10.35% |
City-Specific Taxes |
|---|
| Seattle has a Business License Tax (B&O Tax) that applies to the gross revenue of businesses operating within the city. Businesses with annual taxable gross revenue of $100,000 or more must file their returns by April 30 each year. |
Licenses and Permits |
|---|
| Most businesses operating in Seattle require a Seattle business license tax certificate, with annual fees ranging from $71 to $3,126 based on revenue. |
Home-based and online businesses generally need a Seattle business license if operating from within city limits. |
In addition to city licenses, businesses must obtain a Washington state business license. |
Grants and Funding in Seattle | Grants and Funding Information |
|---|---|
| Seattle Office of Economic Development Grants | The city of Seattle offers grants ranging from $5,000 to $20,000 to support projects that benefit neighborhood business districts, aiming to enhance local economic vitality and community engagement. |
| State Small Business Credit Initiative (SSBCI) | Managed by the Washington State Department of Commerce, this initiative oversees a significant amount of capital access programs to support small businesses through various credit and investment opportunities. |
What to Look for in Seattle, Washington Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Seattle small business, consider these key factors:
Certifications and State Compliance: When choosing an accounting professional for your Seattle small business, check that they hold the proper credentials such as a CPA. They should also be well-versed in Washington’s tax regulations and compliance requirements.
Experience and Specialization: Look for experts who have worked with businesses in your industry. Their focused expertise can help manage financial details specific to your field and support thoughtful long-term planning.
Understanding of Local Economic Conditions: Choose someone who has a strong grasp of Seattle’s economic makeup. With the city known for its technology innovation, commitment to clean energy, advancements in global health, robust aerospace sector, active maritime trade, thriving creative community, and bustling tourism industry, local insight can make a real difference in your financial planning.
Knowledge of State Tax Incentives: Washington offers various tax credits and incentives designed to support local businesses. A knowledgeable accountant or bookkeeper can guide you through these benefits and recommend practical strategies to lower your overall tax costs.
Talk to a business tax expert today for all your tax needs in Seattle.
Additional Washington Accounting Resources:
A Complete Small Business Tax Guide: Washington State
CPA vs. Tax Preparer: Which Is Best for Your Business?
10 Common Small Business Tax Questions
*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.