Bookkeeping for businesses in New York
New York's economy centers on Manhattan's finance and legal industries, a dense advertising and agency cluster, and one of the country's largest nonprofit sectors headquartered in and around New York City. Outside the five boroughs, upstate manufacturing and agriculture add a different mix of payables and payroll needs. Commercial rents and payroll costs run high, which pushes many owner-operators to outsource bookkeeping rather than add headcount. Employers in the New York City metro area also pay into the Metropolitan Commuter Transportation Mobility Tax, a payroll tax most other states do not have. Between multiple tax layers and a fast pace of business, New York books need weekly attention, not a once-a-quarter catch-up.
Eastern Time (ET). Our US team works 8am to 8pm ET, covering the entire New York business day live.
New York tax and compliance notes
Progressive income tax with a New York City add-on
New York State personal income tax rates run progressively up to roughly 10.9%, and individuals and businesses inside New York City pay an additional city income tax on top. Payroll and owner draws both need this layered correctly.
MTA payroll tax in the metro area
Employers with payroll inside the Metropolitan Commuter Transportation District, which covers New York City and surrounding counties, owe the Metropolitan Commuter Transportation Mobility Tax on top of standard payroll taxes. It is calculated on payroll expense, not employee withholding.
Combined sales tax rates
New York's state sales tax is 4%, but New York City and many counties add local rates that push the combined total to 8.875% in the city and similar levels elsewhere. Retailers need the correct combined rate applied by delivery address.
General notes, not advice. Filing is done by you, your CPA, accountant or registered agent; we prepare the workings.
Industries we serve in New York
- Law firmsNew York's dense legal market needs trust accounting and client cost tracking kept separate from operating funds at all times.
- AgenciesManhattan's advertising and marketing agency cluster needs project invoicing reconciled against retainers and freelancer payables every month.
- Real estate agentsHigh property values across the city and state keep agents and brokerages closing deals that need commission splits tracked precisely.
- SaaS and technologyA growing fintech and software cluster needs subscription revenue matched against billing platforms and investor reporting requirements.
- NonprofitsOne of the country's largest concentrations of nonprofits headquartered in New York needs grant and fund accounting kept separate by program.
Software New York businesses use
Services for New York businesses
Frequently asked questions
Do you have an office in New York?
No, LedgerBPO does not maintain a local office in New York. We are the accounting and billing division of SS Support Network LLC, registered in Vancouver, Washington, with a second office in Pakistan that supports our US clients. Your dedicated accountant works remotely inside your own software during your New York business hours.
Do you calculate our New York state and city income tax?
We keep the bookkeeping current so income, deductions and payroll are accurately categorized for your CPA to calculate New York State and New York City income tax. Your CPA or tax preparer reviews the figures and files the return; we provide preparation support only.
Can you handle bookkeeping for a New York law firm or agency?
Yes, we work with New York law firms and agencies to reconcile trust accounts, retainers and project billing inside the software you already use. Your dedicated accountant keeps client funds separate from operating funds so trust accounting stays clean at every close.
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