_Teal.svg){kind=icon}
Accounting and Bookkeeping Services in Springfield, Missouri
Missouri small business owners trust 1-800Accountant's expert CPAs to handle their bookkeeping and tax preparation, saving valuable time while maximizing deductions and maintaining compliance year-round.
Our Accounting Services for Springfield 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 Springfield 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 Missouri 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 Springfield, 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 Missouri with our complimentary incorporation services. Simply cover any Springfield 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 | 4.23% |
| County Tax Rate | 1.75% |
| Municipal Tax Rate | 2.13% |
| Combined Sales Tax Rate | 8.11% |
| City-Specific Taxes |
|---|
| Springfield requires businesses to apply for a Business Occupation License Certificate. The annual license fee is $23 per location, due by December 31 each year. |
| Licenses and Permits |
|---|
| All businesses operating in Springfield, Missouri must obtain a business license at least two weeks before starting operations. |
| Home-based businesses require additional documentation including a "Home Occupation Questionnaire" and Zoning Approval. |
| Business licenses expire December 31st each year with a grace period until January 31st for renewal. |
| Springfield has nearly 200 different business license categories with varying fees based on business type and location. |
| Applications can be submitted online or in-person at the Licensing Division. |
| Grants and Funding in Springfield | Grants and Funding Information |
|---|---|
| ASCEND Grant Program | The Downtown Springfield Association (DSA), in partnership with U.S. Bank, offers the ASCEND (Advancing Springfield's Commitment to Entrepreneurship, Networking & Diversity) small business grants. Small businesses located in center city Springfield are eligible to apply for one of five $5,000 grants. This program specifically targets Black, Indigenous and people of color (BIPOC)-owned small businesses in the center city area. |
| Micro Enterprise / Business Incentive Loans | The City of Springfield Economic Vitality department offers these loans for businesses in Springfield with five or fewer employees. These funds can be used for equipment purchases, furniture and fixtures, infill improvements, various start-up costs, merchandise inventory, and working capital. |
| Small Business Grant Program | The Missouri Department of Economic Development offers this program aimed at helping small businesses create resiliency and accelerate their recovery. This program provides specific support for minority and women-owned businesses throughout Missouri, including Springfield. |
| Missouri Technology Corporation Programs | State-level programs available to qualifying businesses in Springfield include the TechLaunch Program (up to $100,000 for pre-seed stage companies) and the Seed Capital Program (up to $500,000 for companies that have already raised between $500,000 and $2 million). |
What to Look for in Springfield, Missouri Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Springfield small business, you should consider the following factors:
Certifications and State Compliance: Look for professionals with appropriate credentials such as CPA certification or enrolled agent status. Your financial partner should demonstrate thorough knowledge of Missouri tax regulations, including the state's corporate income tax rate of 4% and local sales tax requirements specific to Springfield and Greene County.
Industry-Specific Experience: Seek accountants familiar with Springfield's growing sectors like healthcare, manufacturing, and logistics. An accountant who has worked with businesses in your industry will understand the unique financial challenges and opportunities you face, from inventory management for manufacturing operations to revenue cycle management for healthcare providers.
Understanding of Local Economic Landscape: Your accountant should comprehend Springfield's economic environment, including the impact of major employers like CoxHealth and Mercy Hospital, manufacturing companies, and the growing logistics sector centered around the Springfield-Branson National Airport. This knowledge helps with realistic financial forecasting and business planning tailored to local market conditions.
Knowledge of Regional Tax Incentives: Missouri offers several business incentives that a skilled accountant can help you navigate, including the Missouri Works Program, Manufacturing Infrastructure Investment, and specific incentives offered through Springfield's Department of Economic Development. A local accountant can identify which programs might benefit your business based on your industry, location, and growth plans.
Talk to a business tax expert today for all your tax needs in Springfield.
Additional Missouri 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.