1-800Accountant, America’s leading virtual accounting firm for small businesses, handles all your demanding bookkeeping and accounting tasks with comprehensive end-to-end services designed to help your small business flourish in West Virginia.
Business Tax Preparation: Have your taxes prepared and filed by a CPA who specializes in your industry. Entrust the complexities of West Virginia tax preparation to our CPAs, who have more than 17 years of experience on average, so you can enjoy peace of mind about your business tax situation and save thousands annually.
Bookkeeping: Bolster your financial base and manage your cash flow with meticulous, error-free bookkeeping done for you. This precise work delivers crucial data-driven insights, equipping you with the best tools for interpreting information with easy-to-understand reporting, enabling your accountant to create essential financial models.
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 CPA. Strategic planning helps minimize your business tax liability in West Virginia throughout the year while ensuring compliance.
Payroll: Save hours every pay period with our comprehensive payroll service handled for you with regular tax submissions to the state, ensuring accuracy and freeing you to focus on other aspects of your business.
Business Formation: Experience the benefits of officially establishing your business in West Virginia with our complimentary incorporation service. You only pay the state fees of West Virginia, and we manage everything else. This puts you on a path to hiring employees, opening a business bank account, and enjoying an adjusted business tax structure with maximum tax savings.
West Virginia Corporate Tax Rates and Brackets
Corporate Tax Rate | Corporate Tax Bracket |
---|---|
6.5% | $0 |
When Do You Have to File Business Tax Returns in West Virginia?
Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
---|---|---|
March 15, or same as federal return | April 15, or same as federal return | March 15, or same as federal return |
LLC Renewal Dates and Fees in West Virginia
How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
---|---|---|
Annually | $100 | $25 |
Single Filers - West Virginia Tax Rates and Brackets
Single Filer Rates | Single Filer Brackets |
---|---|
2.36% | $0 |
3.15% | $10,000 |
3.54% | $25,000 |
4.72% | $40,000 |
5.12% | $60,000 |
Single Filers - West Virginia Exemptions and Deductions
Standard Deduction (Single) | Personal Exemption (Single) |
---|---|
n.a. | $2,000 |
Married Filing Jointly - West Virginia Tax Rates and Brackets
Married Filing Jointly Rates | Married Filing Jointly Brackets |
---|---|
2.36% | $0 |
3.15% | $10,000 |
3.54% | $25,000 |
4.72% | $40,000 |
5.12% | $60,000 |
Married Filing Jointly - West Virginia Exemptions and Deductions
Standard Deduction (Couple) | Personal Exemption (Couple) |
---|---|
n.a. | $4,000 |
When opting for an accountant or bookkeeper for your West Virginia small business, you should evaluate these key aspects:
State-Specific Tax Expertise: Look for financial professionals who are well-versed in West Virginia's tax laws and regulations, including local business taxes and credits unique to the state.
Familiarity with Regional Industries: Choose an accountant or bookkeeper with experience in sectors predominant in West Virginia, such as energy, manufacturing, or tourism, to ensure they understand the specific financial challenges and opportunities of your industry.
Local Networking and Resources: Select a prospect familiar with local banks, financial institutions, and business communities in West Virginia, as this can facilitate smoother financial operations and potential growth opportunities.
Compliance Knowledge: Ensure your accountant is knowledgeable about West Virginia's business compliance requirements, including labor laws, environmental regulations, and state-specific reporting standards.
Adaptability to Rural and Urban Business Needs: Given West Virginia's diverse geographic landscape, work with a professional who can effectively manage and understand the financial nuances of operating in both rural and urban settings within the state.
*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.