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Accounting and Bookkeeping Services in Tacoma, Washington
1-800Accountant offers expert virtual accounting services for Tacoma's small businesses, helping entrepreneurs navigate Washington's tax landscape while maximizing deductions and maintaining compliance.
Our Accounting Services for Tacoma Small Businesses
Business Tax Preparation: Trust your taxes to a CPA who knows Tacoma's business landscape inside and out. Our experienced professionals understand the unique challenges faced by local companies, from maritime industries to tech startups. With an average of 17 years in the field, our CPAs consistently find ways to reduce tax burdens while ensuring full compliance with Washington state and federal regulations.
Bookkeeping: Gain clarity on your financial position with accurate, timely bookkeeping tailored to your Tacoma business. We'll track your income and expenses, reconcile accounts, and provide easy-to-understand reports that help you make informed decisions. Whether you're a small retail shop in the Proctor District or a growing manufacturer in the Port of Tacoma, our bookkeeping services give you the financial insights needed to thrive in the City of Destiny.
Tax Advisory: Navigate Washington's complex tax landscape with confidence. Our year-round tax advisory service connects you with a dedicated tax advisor who understands the nuances of doing business in Pierce County. We'll help you plan for state B&O taxes, local property taxes, and potential changes in Tacoma's tax codes. By staying proactive, we can often identify substantial savings opportunities while keeping you compliant.
Payroll: Simplify your payroll process and ensure your Tacoma employees are paid accurately and on time. We handle all aspects of payroll, including tax withholdings, benefit deductions, and required filings with Washington's Department of Labor & Industries. This frees up your time to focus on growing your business, whether you're expanding in the Tacoma Mall area or setting up shop in the revitalized downtown core.
Business Formation: Launch your Tacoma venture on solid footing with our complimentary incorporation services. We'll guide you through the process of establishing your business in Washington state, helping you choose the right structure to maximize tax benefits and protect your assets. You'll only pay the necessary state and local fees, while we take care of the paperwork. This sets you up to open a business bank account, hire employees, and start building your legacy in the South Sound region.
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 | 3.80% |
| Combined Sales Tax Rate | 10.30% |
City-Specific Taxes |
|---|
| Tacoma has a Business and Occupation (B&O) Tax that most businesses must pay on their gross receipts at a rate of 1.5% for those in the “service and other activities” category. |
Licenses and Permits |
|---|
| All businesses operating within Tacoma city limits must obtain a City of Tacoma Business License to legally conduct business. |
Home-based businesses in Tacoma are required to secure a Home Occupation License in addition to the standard business license. |
Rental property owners in Tacoma must acquire a Rental Business License to operate their rental properties legally. |
Grants and Funding in Tacoma | Grants and Funding Information |
|---|---|
| City of Tacoma Community Reinvestment Project (CRP) Grants and Loans | This program offers a range of support options including the Uplift Loan Program (providing up to $100,000 with no collateral required), the Accelerator Loan Program (offering $500,000 to $1,000,000 for established businesses), a Commercial Rent Grant (covering up to 50% of one year's rent with a maximum of $25,000), and a Commercial Assets Grant (providing up to $25,000 for equipment, technology, or fixed assets). |
| Make a Splash Stormwater Project Funding | This initiative provides up to $4,000 in grants for stormwater-related projects within Tacoma city limits, supporting environmental improvements and community resiliency. |
| Pierce County Small Business Loans | This funding opportunity supports businesses with permanent working capital, equipment acquisition, start-up costs, and other essential business needs in Pierce County. |
What to Look for in Tacoma, Washington Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Tacoma small business, consider these key factors:
Certifications and State Compliance: Choose an accountant or bookkeeper who holds the right title and credentials. They should be well-versed in Washington’s tax rules and local compliance regulations. In Tacoma, where industries like construction, healthcare, and technology contribute to the city’s growth, a professional with local regulatory knowledge can guide your small business confidently.
Experience and Specialization: Look for professionals who have hands-on experience in industries similar to yours. Tacoma’s expanding sectors—including construction, maritime, and creative enterprises—demand financial guidance that reflects local market trends. A specialist familiar with these fields can offer insights that support day-to-day financial management and strategic planning.
Understanding of Local Economic Conditions: A quality financial partner in Tacoma will understand the city’s mix of historic and modern influences. They should appreciate how growth in areas such as logistics, aerospace, and tourism affects local commerce. This local insight can help tailor your financial decisions to the specific economic environment of Tacoma.
Knowledge of State Tax Incentives: Washington offers business-friendly tax credits that support various industries, from maritime to innovative technology ventures. A knowledgeable professional can help you take advantage of incentives designed to reduce your tax load and support your business goals in Tacoma.
Talk to a business tax expert today for all your tax needs in Tacoma.
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.