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Accounting and Bookkeeping Services in Virginia
1-800Accountant, America’s leading virtual accounting firm for small businesses, streamlines all your complex bookkeeping and accounting tasks with integrated services designed to enhance and propel your small business's growth in Virginia.
Our Accounting Services for Virginia Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA who specializes in your industry. Entrust the complexities of 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: Reinforce your financial stability and oversee your cash flow with meticulous, error-free bookkeeping done for you that saves time and offers critical data-driven insights. This comprehensive work equips you with the ideal tools for data analysis with easy-to-understand reporting, enabling your accountant to create indispensable 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 Virginia throughout the year while ensuring compliance.
Payroll: Save hours each pay period with our efficient payroll service handled for you with regular tax submissions to the state, giving you the freedom to concentrate on other business initiatives.
Business Formation: Benefit from formally establishing your business in Virginia with our complimentary incorporation service. You only cover the state fees, and we manage the rest. This puts you on a path to hiring employees, opening a business bank account, and achieving an optimized business tax structure for maximum savings.
Virginia Corporate Tax Rates and Brackets
| Corporate Tax Rate | Corporate Tax Bracket |
|---|---|
| 6.0% | $0 |
When Do You Have to File Business Tax Returns in Virginia?
| Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
|---|---|---|
| The 15th day of the fourth month after fiscal year end | The 15th day of the fourth month after fiscal year end | The 15th day o f the fourth month after fiscal year end |
LLC Renewal Dates and Fees in Virginia
| How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
|---|---|---|
| Annually | $100 | $50 |
Single Filers - Virginia Tax Rates and Brackets
| Single Filer Rates | Single Filer Brackets |
|---|---|
| 2.00% | $0 |
| 3.00% | $3,000 |
| 5.00% | $5,000 |
| 5.75% | $17,000 |
Single Filers - Virginia Exemptions and Deductions
| Standard Deduction (Single) | Personal Exemption (Single) |
|---|---|
| $8,000 | $930 |
Married Filing Jointly - Virginia Tax Rates and Brackets
| Married Filing Jointly Rates | Married Filing Jointly Brackets |
|---|---|
| 2.00% | $0 |
| 3.00% | $3,000 |
| 5.00% | $5,000 |
| 5.75% | $17,000 |
Married Filing Jointly - Virginia Exemptions and Deductions
| Standard Deduction (Couple) | Personal Exemption (Couple) |
|---|---|
| $16,000 | $1,860 |
What to Look for in Virginia Accounting and Bookkeeping Services
When deciding on an accountant or bookkeeper for your Virginia small business, you should take these attributes into account:
Knowledge of Virginia's Diverse Economic Sectors: Choose a professional with expertise in key Virginia industries such as technology, defense, and agriculture, ensuring they understand the financial nuances of your industry.
Familiarity with State Tax Regulations: To optimize your financial strategy, look for prospects well-versed in Virginia's specific tax laws, including state income and sales tax provisions.
Understanding of Local Business Incentives: Select a professional who is knowledgeable about Virginia's business incentives and grants, especially those related to technology startups and green energy initiatives.
Experience with Virginia's Regulatory Environment: Opt for an accountant who can navigate the complex regulatory requirements specific to Virginia, including business licensing and environmental compliance.
Strong Local Network: Ensure the tax professional is familiar with the Virginia business community, including local banks and economic development agencies, to provide additional resources and support for your business.
Serving Small Businesses Throughout the Entire State of Virginia
- Virginia Beach
- Norfolk
- Burlington
- Alexandria
- Richmond
- Roanoke
- Lynchburg
- Charlottesville
“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 Virginia 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 Virginia.
*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.