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Accounting and Bookkeeping Services in Syracuse, New York
Small business owners in Syracuse trust 1-800Accountant's expert CPAs to handle their bookkeeping and tax needs, saving valuable time while maximizing deductions and maintaining compliance.
Our Accounting Services for Syracuse 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 Syracuse 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 New York 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 Syracuse, 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 New York with our complimentary incorporation services. Simply cover any Syracuse 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 | 4% |
| County Tax Rate | 4% |
| Municipal Tax Rate | None |
| Combined Sales Tax Rate | 8% |
| City-Specific Taxes |
|---|
| Businesses owning real property in Syracuse pay a combined city and county property tax based on assessed value. As of fiscal 2023–24, the total rate for commercial properties is $30.24 per $1,000 of assessed value (City of Syracuse: $22.00; Onondaga County: $8.24). Bills come once a year and are due in four equal payments on January 1, April 1, July 1, and October 1. Source: City of Syracuse Department of Assessment, Onondaga County Real Property Tax Services |
| Licenses and Permits |
|---|
| Syracuse businesses may need the following licenses and permits: food establishments (restaurants, cafes, food trucks) require permits, retail sales permits for specialty goods (precious metals, pawn shops, tobacco), vendor permits for street vendors and mobile businesses, sign permits for exterior business signage, construction/building permits for renovations or change of use. |
| New York State requires businesses to register their entity with the Department of State and obtain a Sales Tax Certificate if selling taxable goods or services. |
| Grants and Funding in Syracuse | Grants and Funding Information |
|---|---|
| Neighborhood and Business Development Grants | The City of Syracuse Department of Neighborhood and Business Development offers grants to support economic development, housing, and community needs. These programs are designed specifically to help local businesses grow while contributing to neighborhood revitalization. |
| Business Development Financing and Incentives | Syracuse businesses can access non-repayable grants, tax incentives, and support for site development, infrastructure, and equipment purchases. These programs particularly benefit projects focused on energy efficiency and productivity improvements. |
| New York Small Business Development Center Grant Resources | The NY SBDC provides a searchable database of grant opportunities specific to New York State. This interactive resource helps Syracuse businesses identify eligibility requirements and navigate state-administered funding options tailored to their specific needs. |
What to Look for in Syracuse, New York Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Syracuse small business, you should consider the following factors:
Certifications and State Compliance: Verify the accountant or bookkeeper holds appropriate credentials, such as CPA licensure. They should demonstrate thorough knowledge of New York's tax regulations, including the state's complex filing requirements and recent tax code changes that affect Central New York businesses.
Experience with Local Industries: Seek professionals familiar with Syracuse's economic landscape, including its education sector anchored by Syracuse University, healthcare institutions like Upstate Medical University, and manufacturing companies. An accountant with experience in your specific industry will provide more valuable insights for your financial planning.
Understanding of Regional Economic Factors: Choose a financial professional who comprehends Syracuse's unique economic environment, including the impact of seasonal business fluctuations, the influence of the university calendar on local commerce, and the city's ongoing economic revitalization efforts. This contextual knowledge helps with accurate forecasting and business planning.
Knowledge of New York Tax Incentives: New York offers various tax benefits, including the START-UP NY program that creates tax-free zones for qualifying businesses near educational institutions—particularly relevant in Syracuse with its strong academic presence. A knowledgeable accountant can help you navigate these incentives, along with Empire State Development grants and Central New York-specific economic development programs.
Talk to a business tax expert today for all your tax needs in Syracuse.
Additional New York Accounting Resources:
A Comprehensive Guide to Small Business Taxes in New York
6 Steps to Start an LLC in New York
How Much Does It Cost to Set Up an S Corp in New York?
*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.