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Accounting and Bookkeeping Services in Tucson, Arizona
1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services in Tucson, Arizona. Our experts provide you with peace of mind and the extra time you need to focus on building your business.
Our Accounting Services for Tucson Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a Tucson-based 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 Arizona business tax preparation to them!
Bookkeeping: Solidify your financial base and manage cash flow with precise, error-free bookkeeping tailored for Tucson businesses. Save time and gain crucial insights that empower you to make important data-backed decisions in the Arizona market. 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 Arizona 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 Tucson, 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 Arizona with our complimentary incorporation services. Simply cover any Tucson 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 | 5.60% |
| County Tax Rate | 0.50% |
| Municipal Tax Rate | 2.60% |
| Combined Sales Tax Rate | 8.70% |
| City-Specific Taxes |
|---|
| Tucson has a Transaction Privilege Tax that all businesses must pay, with a combined rate of 8.7% including state, county, and city rates. |
| Licenses and Permits |
|---|
| The following businesses require licenses in Tucson, Arizona: All businesses operating within city limits need a general business license, home-based businesses require a Home Occupation Permit, food-related businesses need additional health department licenses, special event vendors (e.g., for street fairs or showcases) require specific event licenses, and businesses selling products or services subject to transaction privilege tax must obtain a TPT license from the Arizona Department of Revenue. |
| Grants and Funding in Tucson | Grants and Funding Information |
|---|---|
| Arizona Microbusiness Loan Program | Offers loans from $2,000 to $50,000 to microbusinesses with five or fewer employees for various business needs. |
| Changemakers Grant Program | Provides grants ranging from $5,000 to $10,000, as well as low-interest loans, to support small business expansion and startups in Tucson. |
| PPEP Microbusiness and Housing Development | Offers microloans from $500 to $50,000 and small business loans from $1,000 to $225,000 for working capital, equipment, construction, and other business needs. |
| Growth Partners Arizona Community Loan Fund | Provides loans to small businesses in Tucson, particularly in underserved areas, focusing on supporting local economic development. |
What to Look for in Tucson, Arizona Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Tucson 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 fluent in Arizona's specific tax regulations and compliance requirements to effectively manage your financial matters.
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 Tucson. This includes familiarity with the city's prominent industries, such as aerospace and defense, optics, renewable energy, and tourism, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Arizona offers business-friendly tax incentives, including credits for research and development, renewable energy projects, and job creation programs. 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 Tucson.
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.