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Accounting and Bookkeeping Services in Akron, Ohio
Akron's small business owners trust 1-800Accountant for professional bookkeeping and tax services that help you save money while focusing on what matters most: growing your business.
Our Accounting Services for Akron Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA with expertise in your industry so you're always confident in your business tax situation. Our CPAs, with more than 17 years of experience on average, can save you thousands annually when you delegate complex Akron tax preparation to them!
Bookkeeping: Solidify your financial base and manage cash flow with precise, error-free bookkeeping done for you that saves time and provides crucial insights that empower you to make important data-backed business decisions. This meticulous process delivers essential tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop vital financial modeling.
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 tax advisor. Strategic planning helps minimize your business tax liability in Ohio throughout the year while ensuring compliance.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, with regular tax submissions to the city of Akron, ensuring accuracy and freeing you to focus on other vital aspects of your business.
Business Formation: Enjoy the advantages of officially establishing your business in Ohio with our complimentary incorporation services. Simply cover any Akron fees, and we will manage the rest. This puts you on a path to hiring employees and creating a business bank account as you experience the benefits of an optimized business structure and maximum tax savings.
Discussing your business taxes with 1-800Accountant is quick and easy:
- Set up a time for us to give you a call.
- Tell us what’s going on with your business.
- Get matched with an accountant who knows your industry & local regulations.
| Level | Rate |
|---|---|
| State Tax Rate | 5.75% |
| County Tax Rate | 1.00% |
| Municipal Tax Rate | None |
| Combined Sales Tax Rate | 6.75% |
| City-Specific Taxes |
|---|
| All businesses operating within, or performing business in, the City of Akron must file an annual Net Profit Return and pay the municipal income tax. The rate is 2.5% on net profits. Employers must withhold Akron municipal income tax from employee wages and remit these withholdings to the city, filing on a monthly or quarterly basis based on how much tax is due. |
| Licenses and Permits |
|---|
| The following businesses require city-specific licensing in Akron: second hand dealers, alarm installation. |
Food-related businesses in Akron need specific licenses from Summit County Public Health. New food businesses must submit plan review materials 60 days before opening, while those changing ownership should contact Summit County Public Health at least 10 business days in advance. |
| Grants and Funding in Akron | Grants and Funding Information |
|---|---|
| Small Business Boost Initiative | This 2025 program strengthens local entrepreneurship by providing financial counseling and direct business support services to Akron small business owners. Services are delivered through the Financial Empowerment Center operated by United Way of Summit & Medina, available at no cost for Summit and Medina County residents who own small businesses. |
| Civic Affairs Grants | The Akron Community Foundation awards these grants aimed at improving Greater Akron, including funding for initiatives and events supporting local businesses. Recent grants have supported business districts during construction projects, providing funds for events, marketing, signage, and parking resources. |
| Small Business Bootcamp Series | Delivered by the Economic and Community Development Institute (ECDI), this series provides business basics training plus individualized technical support for Akron entrepreneurs and small business owners. The program is supported by the Akron Community Foundation and focuses on practical skills development. |
| City of Akron Small Business Support | The City of Akron offers various small business support programs, including guidance for accessing grants and funding opportunities. Businesses can contact the city's economic development offices for information about current opportunities, deadlines, and support resources available to Akron-based enterprises. |
What to Look for in Akron, Ohio Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Akron small business, you should consider the following factors:
Certifications and State Compliance: Look for professionals with proper credentials, particularly CPAs who maintain active Ohio licensure. Your accountant should demonstrate thorough knowledge of Ohio's tax code, including municipal income taxes specific to Akron and Summit County reporting requirements.
Industry-Specific Experience: Seek accountants familiar with Akron's evolving economic landscape. Professionals with experience serving clients in healthcare, advanced manufacturing, polymer science, or technology startups will better understand your financial challenges. An accountant who has worked with businesses in Akron's growing sectors can provide more relevant guidance for your specific industry.
Understanding of Local Economic Conditions: Choose a financial professional who comprehends Akron's unique business environment. They should recognize how the city's transition from traditional rubber manufacturing to advanced materials, healthcare, and technology affects local businesses. Knowledge of Akron's economic development initiatives, including those supporting the Bounce Innovation Hub and biomedical corridor, can help identify growth opportunities.
Knowledge of Regional Tax Incentives: Akron and Northeast Ohio offer various tax advantages for businesses, including the Akron Development Fund, Summit County's job creation tax credits, and special incentives for companies in the polymer and biomedical sectors. A knowledgeable accountant will help you navigate these opportunities and identify which programs align with your business goals.
Talk to a business tax expert today for all your tax needs in Akron.
Additional Ohio Accounting Resources:
Ohio Small Business Tax Guide: Compliance & Strategies
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
How Much Will A CPA Cost (And Save) Your Small Business?
*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.