_Teal.svg){kind=icon}
Accounting and Bookkeeping Services in New York City
1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services handled by experts designed to give you peace of mind and the extra time you need to focus on building your business.
Our Accounting Services for New York City Small Businesses
Business Tax Preparation: Navigating the intricate tax landscape of New York City can be daunting, but our CPAs have mastered the art. With an average of 17 years of experience, they'll ensure your business taxes are prepared flawlessly, saving you thousands annually by leveraging their expertise in the unique nuances of the Big Apple's tax code.
Bookkeeping: Our meticulous process delivers error-free financial records, enabling you to make data-driven decisions with confidence. Easy-to-understand reporting provides crucial insights into your cash flow, empowering your accountant to develop strategic financial models tailored to your NYC venture.
Tax Advisory: Tax considerations don't end on April 15th in the city that never sleeps. Our affordable tax advisory service provides year-round guidance from a dedicated small business CPA, ensuring compliance while minimizing your tax liability through strategic planning tailored to the unique challenges and opportunities of operating a business in New York City.
Payroll: Time is money in New York, and our comprehensive payroll services save you hours each pay period. With regular tax submissions to the city, you can rest assured that your payroll is accurate and compliant, freeing you to focus on growing your business in the heart of the world's financial capital.
Business Formation: Establishing your business in New York City can be a complex process, but our complimentary incorporation services make it seamless. Simply cover the city's fees, and we'll handle the rest, ensuring your business is structured optimally for maximum tax savings and growth potential in the Big Apple.
| Level | Rate |
|---|---|
| State Tax Rate | 4% |
| County Tax Rate | None |
| Municipal Tax Rate | 4.5% |
| Combined Sales Tax Rate | 8.875% (includes .375% Metropolitan Commuter Transportation District surcharge) |
| City-Specific Taxes |
|---|
| 0.375% Metropolitan Commuter Transportation District surcharge |
| New York City LLC tax |
The following types of businesses must file for specific licensing:
| License and Permits |
|---|
Bingo Game Operator |
Booting Company |
Car Wash |
Commercial Lessor |
Construction Labor Provider |
Dealer in Products for the Disabled |
Debt Collection Agency |
Electronic & Home Appliance Service Dealer |
Electronic Cigarette Retail Dealer |
Electronics Store |
Employment Agency |
Games of Chance |
Garage and Parking Lot |
General Vendor |
General Vendor Distributor |
Home Improvement Contractor |
Horse Drawn Cab Driver |
Horse Drawn Cab Owner |
Industrial Laundry |
Industrial Laundry Delivery |
Locksmith |
Locksmith Apprentice |
Newsstand |
Pawnbroker |
Pedicab Business |
Pedicab Driver |
Process Server Individual |
Process Serving Agency |
Scale Dealer/Repairer |
Scrap Metal Processor |
Secondhand Dealer Auto |
Secondhand Dealer General |
Sightseeing Bus |
Sightseeing Guide |
Specialized Vending License/Midtown Core Waiting List |
Stoop Line Stand |
Storage Warehouse |
Temporary Street Fair Vendor Permit |
Third-Party Food Delivery Service |
Ticket Seller Business |
Ticket Seller Individual |
Tobacco Retail Dealer |
Tow Truck Company |
Tow Truck Driver |
| Grants and Funding in New York City | Grants and Funding Information |
|---|---|
| Contract Financing Loan | Businesses bidding on contracts with a city agency or city-funded entity can receive a Contract Financing Loan of up to $1 million at an annual interest rate of 3%. |
What to Look for in New York City Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your New York small business, you should consider the following factors:
Certifications and State Compliance: Ensure the accountant or bookkeeper has the right title and certifications, such as working as a CPA. They should also be fluent in New York's specific tax regulations and compliance requirements.
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 New York. This includes familiarity with the state's prominent industries, such as finance, media, and technology, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: New York offers business-friendly tax incentives, including credits for job creation, capital investment, and specific industry advantages. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.
Things to do in New York City
Whether for business or pleasure, there are plenty of things to do in New York, the city that never sleeps. New York City is America's most populous city and an important domestic and global hub of finance, trade, and culture. Other core industries driving New York City's economy include healthcare, real estate, and media. New York City's concentration of commerce and culture has inspired millions, including aspiring entrepreneurs and small business owners, to take a bite out of the Big Apple. Because they know if they can make it there, they can make it anywhere.Find out how our tax professionals can help your New York City-based business grow.
Why people enjoy living in New York City
Full-time residents and families enjoy the diverse opportunities and activities New York City has to offer. There is an abundance of enjoyable things to do, and chances are they'll do them before anyone else in the world. That exclusivity is a source of pride to many residents who also enjoy the old standards, such as marveling at the sights from the Empire State Building's main deck observatory on the 86th floor, visiting the Statue of Liberty, or touring the American Museum of Natural History. For many residents, New York City feels like the center of the world, and they wouldn't have it any other way.
Tax Savings for New York-Based Truckers
New York E-Commerce Tax Solutions
Real Estate Tax Accounting in New York
Talk to a business tax expert today for all your tax needs in New York City
*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.