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Accounting and Bookkeeping Services in Tempe, Arizona
1-800Accountant, America's top virtual accounting firm, offers expert tax and bookkeeping services tailored for small businesses in Tempe, Arizona, helping you optimize finances and focus on growth.
Our Accounting Services for Tempe Small Businesses
Business Tax Preparation: Tempe businesses face unique tax challenges in Arizona's evolving economy. Our CPAs, with an average of 17 years of experience, specialize in local industries and regulations. By delegating your tax preparation to our experts, you can save thousands annually while staying compliant with Tempe and Arizona tax laws.
Bookkeeping: Accurate financial records are the foundation of any successful Tempe business. Our precise bookkeeping services save you time and provide crucial insights for data-driven decisions. We deliver easy-to-understand reports that help you interpret your financial data, enabling your accountant to develop tailored financial models for your Arizona-based company.
Tax Advisory: Tax planning is a year-round necessity for Tempe entrepreneurs. Our affordable advisory service pairs you with a dedicated small business tax advisor who understands Arizona's tax landscape. We help you minimize your tax liability throughout the year while ensuring full compliance with local and state regulations.
Payroll: Managing payroll can be time-consuming for Tempe business owners. Our comprehensive payroll services handle everything from employee payments to tax submissions with the City of Tempe and Arizona authorities. This accuracy and efficiency allow you to focus on growing your business in the Valley of the Sun.
Business Formation: Establishing your business officially in Arizona offers numerous advantages. We provide complimentary incorporation services - you only cover the required Tempe and state fees. This sets you up to hire employees, open a business bank account, and enjoy the benefits of an optimized business structure tailored to Arizona's business environment.
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 | 5.60% |
| County Tax Rate | 0.70% |
| Municipal Tax Rate | 1.80% |
| Combined Sales Tax Rate | 8.10% |
City-Specific Taxes |
|---|
| Tempe has a Transaction Privilege Tax (TPT) that all businesses must pay at a rate of 1.8% on various business activities including contracting, hotels and lodging, commercial property rentals, restaurants and bars, advertising, and amusements.. |
Licenses and Permits |
|---|
| Certain businesses in Tempe, such as second-hand dealers, mobile merchants, massage establishments, pawnbrokers, and amusement centers, are required to obtain regulatory licenses. |
Businesses engaged in taxable activities must obtain a Transaction Privilege Tax (TPT) License. |
Short-term rental operators (less than 30 days) need to acquire a specific short-term rental license. |
Grants and Funding in Tempe | Grants and Funding Information |
|---|---|
| SBIR and Small Business Technology Transfer (STTR) Programs | These federal programs, supported by the Arizona Commerce Authority, provide resources and training that enable small businesses in Arizona to compete for federal research funding by exploring technological potential and stimulating innovation. |
| AZ FAST Grants | Offered by the Arizona Commerce Authority, these grants provide up to $3,000 to entrepreneurs and startups for developing SBIR proposals, available to Arizona-based companies with no more than 500 employees. |
What to Look for in Tempe, Arizona Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Tempe small business, consider these key factors:
Certifications and State Compliance: When choosing a professional for your Tempe-based business, check that they hold the appropriate qualifications, such as a CPA, and are knowledgeable about Arizona tax regulations and compliance rules. This background helps when they manage your business’s financial records while keeping up with local legal requirements.
Experience and Specialization: Look for someone who has worked with businesses in Tempe’s diverse economic sectors, including technology, advanced business services, and construction. A specialist with direct experience in these areas can offer tailored advice that addresses the specific needs of your industry.
Understanding of Local Economic Conditions: It is beneficial to work with a professional who is familiar with Tempe’s business environment. They understand the impact of local factors such as the growth in technology and advanced manufacturing, as well as the dynamic economic profile influenced by education and tourism. This local perspective can help guide more practical financial decision-making.
Knowledge of State Tax Incentives: Consider a professional who is aware of the tax incentives available in Arizona, such as credits related to job creation and capital investment. Their insights into these benefits can help minimize your tax obligations and optimize financial planning for your business.
Talk to a business tax expert today for all your tax needs in Tempe.
Additional Arizona Accounting Resources:
Top 7 Questions to Ask an Accountant
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.