_Teal.svg){kind=icon}
Accounting and Bookkeeping Services in Arkansas
1-800Accountant, America’s leading virtual accounting firm for small businesses, offers comprehensive end-to-end bookkeeping and accounting services designed to give you peace of mind and the extra time you need to focus on building your small business in Arkansas.
Our Accounting Services for Arkansas Small Businesses
Business Tax Preparation: Get your taxes prepared and filed by a CPA who is deeply experienced in your industry so you're always confident about your business tax situation. Our CPAs, with more than 17 years of experience on average, can save you thousands annually when you leave the complexities of Arkansas tax preparation to them!
Bookkeeping: Strengthen your financial foundation and manage cash flow with precise, error-free bookkeeping done for you. This saves time and yields essential data-driven business insights. This detailed process provides the best tools for interpreting data with easy-to-understand reporting, enabling accountants to develop crucial 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 Arkansas throughout the year while ensuring compliance.
Payroll: Save numerous hours each payroll period with our comprehensive payroll service handled for you, with regular tax submissions to the state of Arkansas. This ensures accuracy and frees you to concentrate on other critical business aspects.
Business Formation: Experience the benefits of officially establishing your business in Arkansas with our complimentary incorporation services. Just cover the Arkansas state fees, and we'll manage everything else. Officially forming your business puts you on a path to hire employees, open a business bank account, and enjoy an optimized tax structure to aid in maximizing your tax savings.
Arkansas Corporate Tax Rates and Brackets
| Corporate Tax Rate | Corporate Tax Bracket |
|---|---|
| 1.00% | $0 |
| 2.00% | $3,000 |
| 3.00% | $6,000 |
| 4.8% | $11,000 |
When Do You Have to File Business Tax Returns in Arkansas?
| Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
|---|---|---|
| April 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 Arkansas
| How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
|---|---|---|
| Annually | $45 | $150 |
Single Filers - Arkansas Tax Rates and Brackets
| Single Filer Rates | Single Filer Brackets |
|---|---|
| 2.00% | $0 |
| 4.00% | $4,400 |
| 4.40% | $8,800 |
Single Filers - Arkansas Exemptions and Deductions
| Standard Deduction (Single) | Personal Exemption (Single) |
|---|---|
| $2,340 | $29 credit |
Married Filing Jointly - Arkansas Tax Rates and Brackets
| Married Filing Jointly Rates | Married Filing Jointly Brackets |
|---|---|
| 2.00% | $0 |
| 4.00% | $4,400 |
| 4.40% | $8,800 |
Married Filing Jointly - Arkansas Exemptions and Deductions
| Standard Deduction (Couple) | Personal Exemption (Couple) |
|---|---|
| $4,680 | $58 credit |
What to Look for in Arkansas Accounting and Bookkeeping Services
When selecting an accountant or bookkeeper for your Arkansas small business, you should consider these factors:
Knowledge of Arkansas Tax Regulations: It's essential to choose a financial professional familiar with Arkansas's unique tax code, including sales and use taxes and corporate income taxes, to ensure compliance and optimize tax savings.
Experience with Agricultural and Manufacturing Sectors: Given the prominence of agriculture and manufacturing in Arkansas, identify an accountant with experience in these industries capable of providing insights into specific financial practices and tax benefits relevant to these fields.
Understanding of Local Economic Development Programs: Opt for an accountant who is knowledgeable of local and state economic development incentives, such as the Arkansas Enterprise Zone program and investment tax credits, which can be advantageous for business growth and expansion.
Capability in Handling Small to Medium-Sized Enterprises (SMEs): Ensure the accountant you use has a strong track record with SMEs, as they can offer tailored advice and services that suit the scale and operations of a smaller business environment typical in Arkansas.
Proximity and Familiarity with Your Business Location: Consider an accountant or bookkeeper who is familiar with both the economic climate and networking opportunities, which can be beneficial for business advocacy and local compliance issues.
Serving Small Businesses Throughout the Entire State of Arkansas
“I’ve been fortunate to have great accountants who care, get back to me very timely, and believe they do a great job getting the most money back they are able to.”
Sal
Actual customer testimonial. Photo is illustrative only.
Additional Arkansas Accounting Resources:
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
CPA vs. Tax Preparer: Which Is Best for Your Business?
10 Common Small Business Tax Questions Owners Are Asking
Talk to a business tax expert today for all your tax needs in Arkansas.
*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.