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Accounting and Bookkeeping Services in Sioux Falls, South Dakota
Small business owners in Sioux Falls trust 1-800Accountant's expert CPAs to handle their bookkeeping and tax needs, saving valuable time while maximizing deductions and maintaining compliance.
Our Accounting Services for Sioux Falls Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA 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 Sioux Falls 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 tax advisor. Strategic planning helps minimize your business tax liability in South Dakota 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 Sioux Falls, 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 South Dakota with our complimentary incorporation services. Simply cover any Sioux Falls 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.
Discussing your business taxes with 1-800Accountant is quick and easy:
- Set up a time for us to give you a call.
- Tell us what’s going on with your business.
- Get matched with an accountant who knows your industry & local regulations.
| Level | Rate |
|---|---|
| State Tax Rate | 4.2% |
| County Tax Rate | None |
| Municipal Tax Rate | 2.0% |
| Combined Sales Tax Rate | 6.2% |
| City-Specific Taxes |
|---|
| Businesses that register motor vehicles in Minnehaha County or the City of Sioux Falls pay a 4% excise tax on the purchase price when registering the vehicle. See the SD Department of Revenue’s Motor Vehicle Excise Tax page for details. |
| Licenses and Permits |
|---|
| The following businesses require city-specific licensing in Sioux Falls: alarm businesses (security system installation and monitoring), daycare facilities (including home, family, or center), food selling and food processing businesses, waste haulers and recycling collection/processing. |
| Most businesses engaging in retail sales or taxable services must obtain a state tax license from the South Dakota Department of Revenue. |
| Building, electrical, mechanical/HVAC, and plumbing contractors need specific licenses to operate within city limits. |
| Grants and Funding in Sioux Falls | Grants and Funding Information |
|---|---|
| Neighborhood Grant Program | This program provides funding to registered neighborhood and watch groups to complete non-capital projects that enhance a neighborhood's livability. The 2025 program has $125,000 available for eligible projects including community gardens, neighborhood identification signage, cleanups, welcome kits, block parties, and tree replacement initiatives. |
| South Dakota Small Business Grants | The state government offers various grants to for-profit businesses, non-profit organizations, and sole proprietors operating in Sioux Falls. These grants support business development, expansion, and innovation throughout South Dakota. |
| FAST Grant Program | This program supports early-stage entrepreneurs with up to $10,000 in funding for innovative business concepts. Jointly introduced by Dakota State University and South Dakota Biotech, the FAST grant focuses on helping startups develop their business ideas and bring them to market. |
What to Look for in Sioux Falls, South Dakota Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Sioux Falls small business, you should consider the following factors:
Certifications and State Compliance: Verify the accountant or bookkeeper holds proper credentials, such as CPA licensing. They should demonstrate thorough knowledge of South Dakota's tax regulations, including the state's unique position as one of the few states without income tax, which creates specific considerations for business owners and their tax planning strategies.
Experience and Specialization: Look for professionals familiar with Sioux Falls' diverse economic landscape. The city's growing financial services sector, healthcare industry centered around Sanford Health and Avera, and manufacturing businesses each require different financial approaches. An accountant with experience in your specific field will provide more valuable insights than a generalist.
Understanding of Local Economic Conditions: Select a financial professional who comprehends Sioux Falls' economic environment, including its status as a regional hub for healthcare, financial services, and retail. This knowledge proves particularly valuable when forecasting business cycles affected by local economic patterns and the city's steady growth trajectory.
Knowledge of State Tax Incentives: South Dakota offers business-friendly tax advantages, including no corporate income tax, no personal income tax, and no business inventory tax. A skilled accountant can help you maximize these benefits while navigating local property taxes and sales tax requirements that affect Sioux Falls businesses differently than those in other parts of the state.
Talk to a business tax expert today for all your tax needs in Sioux Falls.
Additional South Dakota 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.