_Teal.svg){kind=icon}
Accounting and Bookkeeping Services in Staten Island, New York
1-800Accountant, America's leading virtual accounting firm for small businesses, brings seamless end-to-end bookkeeping and accounting services to Staten Island entrepreneurs. Our experts handle your financials, giving you peace of mind and the extra time you need to focus on building your business.
Our Accounting Services for Staten Island 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 Staten Island 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 New York 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 New York, 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 New York with our complimentary incorporation services. Simply cover any Staten Island 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% |
| County Tax Rate | 0% |
| Municipal Tax Rate | 4.50% |
| MTA Surcharge | 0.375% |
| Combined Sales Tax Rate | 8.875% |
| City-Specific Taxes |
|---|
| Businesses in Staten Island must pay the Metropolitan Commuter Transportation Mobility Tax at a rate of 0.34% on net earnings over $50,000. |
| Licenses and Permits |
|---|
| Must obtain Business Tax Receipt to operate in the city. |
| A General Vendor License is required for any business selling goods or services on city streets. |
| Grants and Funding in Staten Island | Grants and Funding Information |
|---|---|
| NYC Small Business Opportunity Fund | Provides loans up to $250,000 at a 4% fixed interest rate with no minimum credit score required, offering free business support and no application fee to NYC-based small businesses. |
| Global NY Fund Grant Program | Offers grants up to $25,000 for small and medium-sized businesses in New York to increase exports, usable for market customization, export workshops, trade show participation, and product adaptation for foreign markets. |
| Richmond County Savings Foundation Grants | Supports Staten Island nonprofit agencies with grants up to $50,000 for capital initiatives and up to $25,000 for programmatic funding, including environmental initiatives through the Green Challenge Program. |
| New York StartUP! Business Plan Competition | Provides cash prizes between $7,500 and $15,000 to startup businesses in Staten Island, Manhattan, or the Bronx that are in the startup phase and earn less than $10,000. |
What to Look for in Staten Island, New York Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your small business, you should consider the following factors:
Certifications and State Compliance: Ensure the accountant or bookkeeper has the appropriate credentials, such as being a Certified Public Accountant (CPA). They should also be well-versed in New York's specific tax regulations and compliance requirements, including any city-specific mandates that apply to Staten Island.
Experience and Specialization: Search for professionals with experience in your specific industry. Specialized knowledge is crucial for managing industry-specific financial matters and for strategic long-term planning.
Understanding of Local Economic Conditions: Opt for a professional who understands the local economic environment in Staten Island. This includes familiarity with the borough's prominent industries, such as healthcare, education, retail, and transportation, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: New York offers various business-friendly tax incentives, including credits for job creation, investments in certain zones, and energy efficiency initiatives. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.
Talk to a business tax expert today for all your tax needs in Staten Island
Additional New York Accounting Resources:
A Comprehensive Guide to Small Business Taxes in New York
6 Steps to Start an LLC in New York
How Much Does It Cost to Set Up an S Corp in New York?
*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.