Richmond, VA Bookkeeping Services — Capital-Grade Books for RVA
Richmond punches far above its weight — eight Fortune 500 headquarters, one of the strongest finance and insurance clusters of any mid-sized U.S. metro, state government, and a small-business scene spanning Scott’s Addition breweries to Broad Street shops. The city also runs Virginia’s earliest property-tax calendar and its highest professional license rate. Maxim Liberty has kept Virginia books straight since 2005 — from $75/month.
Get Started — Money-Back Guarantee
RVA’s professional firms, creatives, and storefronts get a dedicated bookkeeper at $15/hour, daily transaction logging, monthly reconciliations, and books timed to Richmond’s early deadlines. 100% money-back guarantee on the first deposit.
Running the Numbers in Richmond
Richmond’s calendar is the trap for newcomers: the business property return files March 1 (with license renewals) and the payment lands June 5 — four months before Northern Virginia’s October dates. On the license side, the city raised its rate threshold to $250,000, so smaller businesses pay a flat $30 — but above the line, professional services pay Virginia’s maximum $0.58 per $100. New businesses over $250,000 can blunt that with the city’s Economic Development Incentive Grant ($30 flat for the first two years, by application).
City of Richmond Tax Cheat Sheet
| Obligation | Rate / Fee | Deadline |
|---|---|---|
| Business license (BPOL) — gross receipts $5,000–$249,999 | $30 flat (under $5,000: $0) | License required before beginning business; renew by March 1 |
| BPOL — professional services ≥$250,000 | $0.58 per $100 of gross receipts | March 1 |
| BPOL — business/personal/repair services ≥$250,000 | $0.36 per $100 (retail $0.20) | March 1 |
| Business tangible personal property | $3.70 per $100 of depreciated value | File March 1 · pay June 5 |
| Sales & use tax (Central Virginia regional rate) | 6.0% — same as Northern Virginia | Monthly or quarterly filings |
| New-business incentive (≥$250K) | $30 flat BPOL for first two years via Economic Development Incentive Grant | Apply with the city |
Rates from the City of Richmond’s official schedules; confirm your classification with the city’s Finance Department.
What We Handle for Richmond Businesses
Professional firms get engagement-level books that make the $0.58 rate hurt as little as the law allows — accurate receipts, refunds netted correctly, reimbursements kept out of revenue. Scott’s Addition’s craft producers get brewery-grade batch and taproom books. Retail and restaurants get POS tie-outs with the 6% Central Virginia sales tax handled. Finance-and-insurance-adjacent practices get records their compliance teams respect. And everyone gets a February that ends with both March 1 filings ready. Behind? Catch-up bookkeeping closes the gap.
Richmond Bookkeeping FAQs
Is Richmond’s sales tax lower than Northern Virginia’s?
No — both are 6.0%. Richmond sits in the Central Virginia region, which carries the same 0.7% regional add-on as NoVA. Businesses relocating in either direction keep the same combined rate.
What makes Richmond’s deadlines different?
Everything lands early: the tangible property return files March 1 (alongside license renewal) and payment is due June 5 — the earliest in the state’s major cities. The pattern most owners know from NoVA (file May, pay October) will make you late here.
We’re crossing $250,000 this year — what happens to our license bill?
You move from the $30 flat fee to rate-based tax — $0.58 per $100 for professional services, the state maximum. Two moves worth making: keep gross receipts scrupulously accurate (every over-statement costs $5.80 per thousand), and ask about the city’s two-year $30 incentive if you are newly established.
Do you have a Richmond office?
We are fully virtual — founded in Vienna, Virginia in 2005 and headquartered in San Juan, Puerto Rico today. Dedicated bookkeeper from $75/month, daily logging, and a 100% money-back guarantee on your first deposit.
Related Resources
Capital City Deadlines, Handled Early
Dedicated bookkeeping for Richmond businesses — from $75/month with a money-back guarantee on your first deposit.