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Accounting and Bookkeeping Services in Arlington, Virginia
1-800Accountant offers expert virtual accounting services tailored for Arlington, Virginia small businesses, helping entrepreneurs optimize tax strategies and maintain accurate books while focusing on growth.
Our Accounting Services for Arlington Small Businesses
Business Tax Preparation: Navigate Arlington's business tax landscape with confidence. Our CPAs average 17 years of experience in local industries, helping you comply with Virginia regulations while identifying substantial savings opportunities. By entrusting your tax preparation to our experts, you can focus on growing your business in the heart of Northern Virginia.
Bookkeeping: Build a solid financial foundation for your Arlington-based business with precise, error-free bookkeeping. Our service saves you time and provides crucial insights to inform your decisions. We deliver easy-to-understand reports that help interpret your data, enabling your accountant to develop financial models tailored to Arlington's unique business environment.
Tax Advisory: Get year-round guidance from a dedicated small business tax advisor familiar with Virginia tax laws. Our affordable advisory service helps you plan strategically, minimizing your tax liability while ensuring compliance with Arlington and state regulations. Stay ahead of tax considerations unique to operating in this bustling DC suburb.
Payroll: Simplify your payroll process and free up valuable time to focus on serving Arlington's diverse community. Our comprehensive service handles regular tax submissions to local authorities, ensuring accuracy and compliance with Virginia labor laws. Whether you're a small shop in Clarendon or a growing tech firm in Crystal City, we've got your payroll needs covered.
Business Formation: Take advantage of Virginia's business-friendly environment by establishing your company officially. We'll manage the incorporation process at no extra cost – you only cover the required Arlington and state fees. This sets you up to hire employees, open a business bank account, and enjoy the benefits of an optimized structure with maximum tax savings, all while positioning your business for success in Arlington's thriving economy.
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 | 4.30% |
County Tax Rate | 1.00% |
Municipal Tax Rate | 0% |
Arlington Co Special Tax | 0.70% |
Combined Sales Tax Rate | 6.00% |
City-Specific Taxes |
|---|
| Arlington, Virginia businesses must file a Business, Professional and Occupational License (BPOL) Tax return annually by March 1 at 11:59 PM EST. The tax is based on the previous year's gross receipts: less than $10,000 means no tax owed; $10,001 to $50,000 incurs a $30 flat fee; $50,001 to $100,000 incurs a $50 flat fee; over $100,000, the tax rate varies by business type. Filing and payment must be completed online through Arlington's Customer Assessment and Payment Portal (CAPP). |
Licenses and Permits |
|---|
| City-specific licensing is required for home-based businesses, freelancers and consultants, nonprofits, and high-technology businesses operating in Arlington, Virginia. |
High-technology businesses in Arlington may qualify for reduced tax rates when obtaining their business license. |
Businesses with annual gross receipts less than $2,000 are exempt from obtaining a business license in Arlington. |
Grants and Funding in Arlington | Grants and Funding Information |
|---|---|
| Technology Zone Incentive | Qualified technology companies in Arlington County can benefit from a 50% reduction in the Business, Professional, Occupational License (BPOL) tax rate for up to 10 years. This incentive is designed to attract and retain tech businesses within the county. |
| GO Virginia Economic Development Grant | This state-level grant supports projects that create high-paying jobs and foster the development of new industries. It is part of Virginia's comprehensive strategy to stimulate economic growth across the state. |
| Prompt Response Fund | Offering grants of up to $2,500 for time-sensitive needs, this fund provides rapid financial assistance for organizations serving Arlington residents, enabling them to address urgent business challenges effectively. |
What to Look for in Arlington, Virginia Accounting and Bookkeeping Services
When selecting an accountant or bookkeeper for your Arlington small business, consider these key factors:
Certifications and State Compliance: Accountants and bookkeepers should hold proper credentials such as current CPA licenses and practical qualifications recognized in Virginia. A professional familiar with state tax rules and compliance standards can help your Arlington business maintain its records accurately and meet local regulatory requirements.
Experience and Specialization: Look for a financial professional who understands the unique challenges of your industry. In Arlington, sectors like aerospace, government contracting, and emerging technological fields demand someone with hands-on experience specific to these markets. Their expertise supports targeted financial planning and addresses industry-specific matters effectively.
Understanding of Local Economic Conditions: Choose a professional who knows Arlington’s vibrant local economy. With a diverse mix of technology, professional services, and creative industries powering growth, a knowledgeable advisor can factor in local market trends when developing strategies for financial stability and growth.
Knowledge of State Tax Incentives: Virginia offers several tax benefits and credits aimed at supporting business growth and innovation. A well-informed accountant in Arlington can recognize these opportunities and advise on practical ways to lower tax expenses while investing in your company’s future.
Talk to a business tax expert today for all your tax needs in Arlington.
Additional Virginia Accounting Resources:
How to Calculate Quarterly Estimated Taxes in 2024
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.