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Hassle-free Online Tax Filing with an Rhode Island CPA

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Why are online CPAs a better option in Rhode Island ?

Anyone who has used the services of Rhode Island CPA firms is probably familiar with the expensive and time-consuming process of searching through your records for anything pertaining to taxes, like receipts, spreadsheets, band statements, etc., and bringing it all to the office of a CPA offering tax services in Rhode Island. Then you go through everything with the CPA for several hours or more until the CPA has prepared your tax return. After that, you would need to sign the papers authorizing the Rhode Island CPA to file your taxes in your state and pay the CPA a significant sum of money for their services. If you're lucky, you would receive an IRS tax refund some weeks later that would be at least as much as your fee for the CPA services. This is no longer the only option for taxpayers to have access to the services of a tax expert that can help them navigate the complicated process of filing taxes and hopefully save them money, too. Digital technology and the internet have revolutionized every aspect of our lives, including how we file taxes, and you can now find online CPA firms in Rhode Island that are more efficient and cost-effective than any brick-and-mortar Rhode Island CPA firms. It may not be a surprise that Rhode Island CPA services online are available and may be a better option, considering the fact that we can have a video call with a friend 2,000 miles away or order just about anything in the world to be delivered to our homes. One thing not everyone knows, however, is that keeping manual records of your deductible business expenses and keeping all your receipts is no longer necessary to file your taxes. There's an app for that, and online CPA services in Rhode Island are part of it. And this app uses A.I. to automatically track and keep a record of all your expenses, so it can identify each and every tax write-off. When it's time to file your taxes, records of every transaction and every tax deduction are already stored in the app. And, FlyFin's team of expert tax CPA consultants is there for you anytime you need them in the app. They're available for unlimited questions about your deductions, tax filing or any tax question with over 100 years of combined experience in freelancer taxes. Their deep knowledge of the Rhode Island tax system extends to business incorporation structures such as LLCs, S Corps, C Corps, sole proprietorships and partnerships.

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Facts and figures about
taxes in Rhode Island

2,155

CPAs across the state

rhode-island
population

1,097,379

Residents as of 2022

population

62,950

People claiming self- employment tax deductions

population

27,480

S-Corps statewide

population

51,120

People taking itemized deductions

population

78,370

People claiming the QBI deduction

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😣 Smart CPAs can put an end to the overpaying on taxes that half of Americans do every year.

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How to set up an LLC in Rhode Island

Rhode Island State Income Tax Rates & Brackets for 2023

The following tables represents Rhode Island's income tax rates and tax brackets:

SINGLE FILER

Brackets

Rates

$0 - $68,200

3.75%

$68,200 - $ 1,55,050

4.75%

$ 1,55,050+

5.99%

MARRIED FILING JOINTLY

Brackets

Rates

$0 - $68,200

3.75%

$68,200 - $ 1,55,050

4.75%

$ 1,55,050+

5.99%

Filing Status

Standard Deduction Amt.

Single

$9,300

Couple

$13,950

Rhode Island State Sales Tax Rates for 2023

County

Tax Rate

Bristol County

7%

Kent County

7%

Newport County

7%

Providence County

7%

Washington County

7%

Rhode Island State IRS Statistics of Income for 2020

Size of adjusted gross income

Item
(All amounts are in 1000s of dollars)

Number of returns

Number of single returns

Number of joint returns

Number of head of household returns

Number of individuals

Adjusted gross income (AGI)

Total income: Number

Amount

Salaries and wages in AGI: Number

Amount

Business or profession net income (less loss): Number

Amount

Partnership/S-corp net income (less loss): Number

Amount

Self-employed health insurance deduction: Number

Amount

Student loan interest deduction: Number

Amount

Charitable contributions if took standard deduction: Number

Amount

Total itemized deductions: Number

Amount

State and local income taxes: Number

Amount

State and local general sales taxes: Number

Amount

Qualified business income deduction: Number

Amount

Child and dependent care credit: Number

Amount

Child and other dependent tax credit: Number

Amount

Self-employment tax: Number

Amount

Earned income credit: Number

Amount

Refundable education credit: Number

Amount

Recovery rebate credit: Number

Amount

Total tax liability: Number

Amount

Total additional Medicare tax: Number

Amount

Net investment income tax: Number

Amount

Tax due at time of filing: Number

Amount

Total overpayments: Number

Amount

All returns

576,050

322,170

168,940

68,670

958,420

41,260,274

565,970

41,755,555

464,590

28,118,183

81,340

1,192,879

27,480

1,771,218

12,870

110,761

42,750

34,997

161,330

41,468

51,120

1,565,351

46,990

556,475

3,600

4,734

78,370

486,464

14,270

7,570

124,780

258,321

62,950

200,108

74,860

153,373

20,770

18,651

97,800

134,705

431,450

5,458,127

15,690

26,537

17,000

78,556

103,320

567,111

452,100

1,516,201

Under $1

14,950

11,680

2,000

900

19,240

0

4,870

0

1,540

59,045

1,950

0

1,150

0

280

2,234

280

303

2,070

513

0

0

0

0

0

0

0

0

0

0

0

0

540

1,410

810

950

230

212

8,120

11,759

720

1,743

60

94

0

0

310

558

10,590

30,105

$1 under $10,000

71,740

62,410

4,490

3,850

63,690

341,299

71,730

351,561

46,230

231,616

9,460

24,404

700

0

490

1,489

1,020

828

8,100

1,767

710

17,303

260

783

350

189

210

31

0

0

40

14

7,420

4,705

16,960

16,604

1,750

1,528

15,350

22,824

10,300

5,732

0

0

0

0

4,860

2,152

54,340

68,499

$10,000 under $25,000

98,260

72,650

8,790

15,010

129,740

1,717,810

98,260

1,744,585

74,630

1,056,339

14,630

102,183

1,520

0

1,100

3,733

3,660

3,039

17,060

4,074

1,580

37,194

860

1,759

630

428

7,330

4,786

470

139

9,470

3,739

12,040

17,007

27,790

73,206

4,460

3,832

20,640

31,331

59,690

49,375

0

0

0

0

8,540

8,515

86,810

223,441

$25,000 under $50,000

140,160

88,590

19,220

28,460

219,530

5,127,925

140,160

5,182,792

123,010

3,877,868

15,080

150,282

2,660

9,885

1,730

7,665

12,120

9,860

31,760

7,873

4,980

109,172

4,150

8,814

720

798

14,000

21,380

2,980

1,562

36,280

49,063

11,410

26,196

28,580

62,235

5,350

4,613

18,910

25,883

114,920

279,043

20

19

0

0

17,310

24,536

122,250

330,343

$50,000 under $75,000

85,670

47,590

23,330

11,090

143,350

5,273,000

85,670

5,328,942

74,020

3,988,196

10,300

125,902

2,990

22,139

1,700

9,973

10,980

9,344

27,430

6,999

9,270

197,731

8,740

26,894

470

579

11,610

26,053

1,800

920

21,080

48,173

7,620

22,063

720

378

2,640

2,449

11,700

14,556

81,640

426,350

0

0

0

0

16,220

31,961

69,250

189,480

$75,000 under $100,000

53,500

20,300

26,030

5,040

105,860

4,630,878

53,500

4,675,449

45,980

3,383,283

7,710

106,753

2,770

30,208

1,370

9,840

5,280

3,678

20,890

5,519

8,820

197,075

8,480

35,638

310

470

9,670

25,474

1,650

865

15,790

40,690

5,770

18,339

0

0

1,950

1,773

9,310

9,014

52,740

441,678

30

18

0

0

12,620

31,793

40,780

131,872

$100,000 under $200,000

83,240

15,380

61,320

3,610

201,550

11,358,538

83,240

11,478,056

73,710

8,437,311

14,900

296,064

7,400

166,267

2,950

27,101

9,410

7,945

40,910

11,045

15,090

405,751

14,510

98,896

520

880

21,480

87,958

5,290

2,943

32,510

89,739

11,400

48,760

0

0

4,390

4,244

13,580

19,254

82,930

1,359,904

1,880

522

980

267

28,620

114,930

54,470

232,575

$200,000 under $500,000

23,760

2,950

19,780

600

62,750

6,691,464

23,760

6,794,383

21,330

4,590,817

5,900

279,766

5,580

407,555

2,170

29,865

0

0

11,560

3,233

7,840

283,391

7,390

125,689

420

959

10,890

103,671

1,840

997

9,600

26,882

5,140

37,791

0

0

0

0

190

84

23,740

1,175,502

10,310

7,842

11,730

12,748

12,380

142,878

11,300

112,222

$500,000 under $1,000,000

3,350

400

2,830

80

9,110

2,243,865

3,350

2,284,121

2,950

1,269,620

1,020

92,000

1,650

377,256

660

11,048

0

0

1,200

345

1,840

93,067

1,710

74,475

120

293

2,080

45,714

200

117

20

21

1,090

12,262

0

0

0

0

0

0

3,350

551,266

2,420

7,582

2,950

12,855

1,840

79,119

1,490

53,952

$1,000,000 or more

1,440

220

1,160

40

3,610

4,340,864

1,440

4,374,046

1,200

1,224,088

400

69,072

1,070

928,331

430

7,813

0

0

360

100

990

224,667

910

183,527

70

138

1,100

171,397

40

27

0

0

520

11,575

0

0

0

0

0

0

1,440

1,167,534

970

10,460

1,340

52,686

620

130,669

810

143,712

Frequently Asked Questions

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Exactly what is a Rhode Island CPA?

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FlyFin CPAs save freelancers more on taxes

Self-employed individuals are responsible for every aspect of their taxes, unlike W-2 employees, from knowing how much to pay to keeping all the records they need to comply with IRS regulations and save as much money as possible on taxes. FlyFin was built to be the only tax resource self-employed taxpayers need, with A.I. that automatically organizes all your business expenses and identifies every possible write-off and Smart CPAs that provide unlimited tax consultations at no cost to save taxpayers time and money, with self-employed individuals saving an average of $3,500.
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