1-800Accountant offers expert virtual tax and bookkeeping services tailored for Little Rock entrepreneurs, helping Arkansas small business owners maximize deductions and stay compliant with state regulations.
Business Tax Preparation: Get your taxes prepared and filed by a CPA who knows the ins and outs of your industry. Our CPAs, with an average of 17 years of experience, are well-versed in Little Rock's business landscape. They can often find savings opportunities that put thousands back into your pocket each year. Let our experts handle the complexities of Arkansas tax law while you focus on growing your business.
Bookkeeping: Build a strong financial foundation with accurate, detailed bookkeeping that saves you time and provides crucial insights. Our team is familiar with Little Rock's local business environment, ensuring your books reflect the unique aspects of operating in central Arkansas. We provide clear, easy-to-understand reports that help you make informed decisions about your company's future. This thorough process gives your accountant the tools to create valuable financial models tailored to your business goals.
Tax Advisory: Tax planning is a year-round process, especially in a growing market like Little Rock. Our affordable tax advisory service connects you with a dedicated small business tax advisor who understands Arkansas tax regulations. We help you plan strategically throughout the year, minimizing your tax liability while ensuring you stay compliant with state and local laws. Whether you're expanding your business in the River Market or opening a new location in West Little Rock, we've got you covered.
Payroll: Simplify your payroll process and free up valuable time to focus on your business. Our comprehensive payroll services handle everything from calculating wages to submitting taxes to the City of Little Rock and the State of Arkansas. We stay up-to-date on local regulations, ensuring accuracy and compliance. This service is particularly helpful for businesses in industries like healthcare or hospitality, which are major employers in the Little Rock area.
Business Formation: Take advantage of our complimentary incorporation services to establish your business in Arkansas. You only pay the required state and local fees – we handle all the paperwork. This service sets you up to hire employees, open a business bank account, and enjoy the benefits of an optimized business structure. Whether you're starting a tech startup in downtown Little Rock or opening a restaurant in the Heights, we'll help you choose the right business structure to maximize your tax savings and protect your assets.
Level | Rate |
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State Tax Rate | 6.50% |
County Tax Rate | 1.00% |
Municipal Tax Rate | 1.13% |
Combined Sales Tax Rate | 8.63% |
City-Specific Taxes |
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Little Rock requires all businesses to obtain a Business License Tax certificate and pay an annual business tax. |
Licenses and Permits |
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All businesses operating in Little Rock must obtain a General Business License to legally conduct business within the city limits. |
Home-based businesses in Little Rock are required to secure a Home Occupation Accessory Use Permit in addition to the standard business license. |
Businesses displaying outdoor signage in Little Rock need to acquire a Sign Permit before installation. |
Grants and Funding in Little Rock | Grants and Funding Information |
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Arkansas Business and Technology Accelerator Grant Program | This program, administered by the Arkansas Economic Development Commission, provides up to $250,000 to support accelerator programs that mentor startup companies in technology and innovation sectors. It is designed to foster entrepreneurship and business growth in Little Rock and across Arkansas. |
When choosing an accountant or bookkeeper for your Little Rock small business, consider these key factors:
Certifications and State Compliance: When looking for an accounting professional, make sure they hold the proper credentials, such as CPA certification, and have a thorough knowledge of Arkansas tax rules and reporting requirements. Little Rock businesses often operate within dynamic industries like healthcare and aerospace, so state-level compliance matters can differ from other regions.
Experience and Specialization: Search for an accountant or bookkeeper who has worked with businesses similar to yours. In Little Rock, many companies are rooted in healthcare, technology, advanced manufacturing, food and beverage services, and logistics. A professional with experience in your industry can offer advice tailored to the specific financial challenges and opportunities of your sector.
Understanding of Local Economic Conditions: Choose an expert who understands Little Rock’s economic landscape. The city benefits from a mix of growing industries, unique historical and cultural attractions, and vibrant local traditions. Knowledge of these local factors helps the professional align their financial strategies with the real-world conditions that affect your business.
Knowledge of State Tax Incentives: Arkansas offers a range of tax incentives, such as credits for job creation and capital investments that can particularly benefit emerging industries and traditional sectors in Little Rock. A skilled accountant will be aware of these opportunities and use this information to improve your financial strategy and reduce your overall tax burden.
*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.