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Accounting and Bookkeeping Services in St Louis, Missouri
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 St Louis 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 St. Louis 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 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 St. Louis, 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 St. Louis 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 | 4.23% |
| County Tax Rate | 2.26% |
| Municipal Tax Rate | 5.45% |
| Combined Sales Tax Rate | 9.68% |
| City-Specific Taxes |
|---|
| County and City-Specific Taxes: St. Louis businesses must pay a 1% earnings tax on their business earnings. |
| Licenses and Permits | |
|---|---|
| The following businesses require city-specific licensing in St. Louis: Home-based businesses, real estate agencies, e-commerce companies, local retail stores, professional services (e.g., accounting, consulting) | |
| Employers must also withhold a 1% earnings tax on wages of employees living or working in the city, and a 0.5% Payroll Expense Tax is paid by employers for wages earned in St. Louis. |
| Grants and Funding in St Louis | Grants and Funding Information |
|---|---|
| Arch Grants | Arch Grants offers $50,000 grants to startups relocating to or staying in downtown St. Louis, with potential for additional funding. |
| St. Louis City - Small Business Grant Fund | The St. Louis City - Small Business Grant Fund supports businesses affected by the COVID-19 pandemic, covering expenses like rent, utilities, and salaries. |
| North St. Louis Small Business & Non-Profit Grant Program | The North St. Louis Small Business & Non-Profit Grant Program provides various grants up to $6 million for small businesses and non-profits, including capacity building and stabilization grants. |
What to Look for in St Louis, Missouri Accounting and Bookkeeping Services
Certifications and State Compliance: Ensure the accountant or bookkeeper has the appropriate titles and certifications, such as being a Certified Public Accountant (CPA). They should be well-versed in Missouri's specific tax regulations and compliance requirements to effectively manage your financial affairs.
Experience and Specialization: Look for professionals who have experience in your specific industry. Specialized knowledge is crucial for handling industry-specific financial matters and for strategic long-term planning that aligns with your business goals.
Understanding of Local Economic Conditions: Choose a professional who understands the local economic environment in St. Louis. Familiarity with the city's prominent industries—such as biotechnology, healthcare, manufacturing, and transportation—can significantly impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Missouri offers various business-friendly tax incentives, including credits for job creation, investment in designated areas, and research and development activities. A knowledgeable financial professional can help navigate these incentives and provide recommendations to minimize your tax burden.
Talk to a business tax expert today for all your tax needs in St Louis
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.