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Accounting and Bookkeeping Services in Grand Rapids, Michigan
Grand Rapids business owners trust 1-800Accountant's virtual accounting expertise to manage their books, minimize tax burdens, and maintain compliance while they focus on building successful Michigan enterprises.
Our Accounting Services for Grand Rapids 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 Grand Rapids 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 Michigan 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 Grand Rapids, 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 Michigan with our complimentary incorporation services. Simply cover any Grand Rapids 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 | 6% |
| County Tax Rate | None |
| Municipal Tax Rate | None |
| Combined Sales Tax Rate | 6% |
| City-Specific Taxes |
|---|
| Businesses operating in Grand Rapids must pay a City Income Tax at a rate of 1% on net profits generated within city limits. |
| Licenses and Permits |
|---|
The following businesses require city-specific licensing in Grand Rapids: home-based businesses, mobile food vendors, businesses buying or selling secondhand products, door-to-door sales, e-commerce businesses. |
Michigan businesses must register with the State of Michigan through LARA and obtain any required professional licenses for their industry. |
| Grants and Funding in Grand Rapids | Grants and Funding Information |
|---|---|
| SmartZone Business Accelerator Fund | Grants available through Grand Rapids' SmartZone network that can be used for conducting market research studies and covering legal costs related to business development. |
| Downtown Enhancement Grant | Available for projects within the Downtown Development Authority's boundary. Funds project elements beyond city requirements that are publicly owned, including accessibility improvements, bicycle facilities, parklets, and public art. |
| Retail Business Incubation Program | A geographically-targeted grant funded by the Downtown Development Authority designed to increase diversity, vibrancy, and density of retail in Downtown Grand Rapids. |
| Revitalization and Placemaking (RAP) Grants | Recently awarded grants supporting redevelopment in Grand Rapids, aiming to bring high-paying jobs to the area, support local businesses, and create more community space in downtown Grand Rapids. |
What to Look for in Grand Rapids, Michigan Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Grand Rapids small business, you should consider the following factors:
Certifications and Michigan Compliance: Look for professionals with appropriate credentials such as CPAs or certified bookkeepers who demonstrate thorough knowledge of Michigan tax laws. A qualified accountant will understand Michigan's specific business tax structure, including the Michigan Business Tax and local Grand Rapids tax requirements that affect your business operations.
Industry-Specific Experience: Find a financial professional familiar with Grand Rapids' prominent industries. An accountant experienced with manufacturing clients will better serve your furniture production company, while healthcare specialists will understand the unique financial needs of medical practices along the Medical Mile. This specialized knowledge proves invaluable for managing industry-specific financial matters and strategic planning.
Knowledge of Local Economic Dynamics: Select a professional who understands Grand Rapids' evolving economic landscape. The city's transformation from traditional manufacturing to a diverse economy including healthcare, technology, and craft brewing creates unique financial considerations. A locally-connected accountant can help position your business to capitalize on Grand Rapids' economic growth trends and navigate seasonal business fluctuations.
Understanding of Michigan Tax Incentives: Michigan offers various tax benefits for businesses, including the Michigan Business Development Program and Renaissance Zones. Grand Rapids specifically provides incentives for businesses in designated development areas. A knowledgeable accountant can identify applicable incentives for your business location, industry, and growth plans to maximize available tax advantages.
Talk to a business tax expert today for all your tax needs in Grand Rapids.
Additional Michigan Accounting Resources:
Michigan Small Business Tax Guide: Filing for Compliance
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
10 Common Small Business Tax Questions Owners Are Asking
*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.