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Accounting and Bookkeeping Services in Yonkers, New York
Yonkers small business owners can rely on 1-800Accountant, America's leading virtual accounting firm, for expert tax preparation and bookkeeping services tailored to New York's unique regulations.
Our Accounting Services for Yonkers Small Businesses
Business Tax Preparation: Navigate Yonkers' complex tax landscape with confidence. Our CPAs average 17 years of experience in various industries, helping you comply with local regulations while identifying substantial savings opportunities. By entrusting your tax preparation to our experts, you can focus on growing your business in the bustling Westchester County market.
Bookkeeping: Build a solid financial foundation for your Yonkers-based business with precise, error-free bookkeeping. Our service saves you time and provides crucial insights to inform your decision-making. We deliver easy-to-understand reports that help interpret your financial data, enabling your accountant to develop accurate financial models tailored to Yonkers' unique business environment.
Tax Advisory: Tax considerations extend beyond April in Yonkers. Our affordable advisory service gives you year-round access to a dedicated small business tax advisor familiar with New York state and local tax laws. We help you plan strategically to minimize your tax liability while ensuring compliance with Yonkers and New York regulations.
Payroll: Simplify your payroll process and reclaim valuable time each pay period. Our comprehensive service handles all aspects of payroll, including timely tax submissions to Yonkers and New York authorities. This ensures accuracy and compliance, allowing you to concentrate on serving your Yonkers customers and growing your business.
Business Formation: Take advantage of our complimentary incorporation services to establish your business officially in New York. We manage the entire process – you only cover the necessary Yonkers 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 Yonkers' local economy and New York state regulations.
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 | 4.00% |
County Tax Rate | 0.00% |
Municipal Tax Rate | 4.50% |
Combined Sales Tax Rate | 8.88% |
City-Specific Taxes |
|---|
| Yonkers businesses that meet the earnings threshold must pay the Metropolitan Commuter Transportation Mobility Tax (MCTMT). This tax is imposed on employers and self-employed individuals doing business within the Metropolitan Commuter Transportation District—including Yonkers—with net earnings over $50,000. |
Licenses and Permits |
|---|
| Home improvement contractors must obtain a Home Improvement License and provide proof of insurance. |
General vendors and merchants require an annual license with a $300 fee. |
Commercial solicitors must obtain a Solicitor's License with an annual fee of $19.50. |
Grants and Funding in Yonkers | Grants and Funding Information |
|---|---|
| Community Development Block Grant (CDBG) Program | Administered by the City of Yonkers, this program provides funding for economic development projects, business assistance, and job creation or retention. It primarily benefits low and moderate-income persons and aims to address community development needs. |
| New York State Business Growth Support | This program offers various funds, loans, grants, and financial incentives to encourage business growth across New York State, including opportunities specifically for businesses in Yonkers. |
What to Look for in Yonkers, New York Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Yonkers small business, consider these key factors:
Certifications and State Compliance: Verify that the professional holds appropriate certifications, such as CPA status. They should demonstrate thorough knowledge of New York's tax regulations and compliance requirements, including specific rules for Westchester County businesses.
Experience and Specialization: Seek professionals with a track record in your industry. For example, if you run a restaurant in downtown Yonkers, look for an accountant familiar with food service financials and local health department regulations.
Understanding of Local Economic Conditions: Choose a financial expert who knows Yonkers' economic landscape. They should be familiar with the city's mix of industries, from healthcare and education to retail and hospitality, and how these sectors impact local businesses financially.
Knowledge of State and Local Tax Incentives: New York offers various tax credits and incentives, including programs specific to Yonkers. A skilled accountant can help you navigate options like the Yonkers Downtown and Waterfront Opportunity Area or state-level programs for small businesses, potentially reducing your tax burden.
Talk to a business tax expert today for all your tax needs in Yonkers.
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.