West Virginia · Graduated income tax, energy economy
CPA, bookkeeping & fractional CFO services in West Virginia
West Virginia has a graduated personal income tax the state has been reducing and an economy built on energy, healthcare, chemicals and manufacturing. CPA Torrance is a CPA-led firm based in Torrance, California that provides bookkeeping, tax planning, tax filing and fractional CFO support to West Virginia businesses remotely.
- Serving all of West Virginia remotely
- West Virginia CIT-120, SPF-100 and business registration tracked for you
- Monthly reporting included
In short
What taxes do West Virginia businesses pay?
West Virginia taxes pass-through income at the owner level under its graduated personal income tax, which has been cut in recent years, and taxes C corporations under the corporate net income tax. Sales tax is 6% at the state level plus municipal rates in some cities.
- State income tax
- Graduated
- State sales tax
- 6% + municipal
- Key business tax
- Corporate net income tax
- How we serve
- Remotely, statewide
Services in West Virginia
What we do for West Virginia business owners
From Charleston professional firms and Morgantown healthcare practices to energy suppliers and manufacturers across the state, West Virginia owners need organized books and planning. We provide monthly bookkeeping, federal and West Virginia tax planning, filings and CFO reporting from one coordinated team.
Bookkeeping Services
- Monthly reconciliations in QuickBooks Online
- West Virginia state and municipal sales tax tracking
- Payroll and contractor payment review
- Monthly profit and loss and balance sheet
- Catch-up and clean-up bookkeeping
Tax Planning & Strategy
- Entity and S corporation review
- West Virginia PTE election review
- Federal and state estimated payments
- Multi-state income review
- Year-end tax planning meeting
Tax Filing & Compliance
- Federal business returns (1120, 1120S, 1065)
- West Virginia CIT-120 and SPF-100 returns
- Owner individual returns
- IRS and state notice help
- Due-date tracking for every filing
Fractional CFO Services
- Cash-flow forecasts
- Budget versus actual reviews
- Margin and pricing analysis
- Lender- and investor-ready reporting
- Growth and hiring plans
West Virginia tax planning
Planning around West Virginia taxes
West Virginia planning combines the falling personal rates, the PTE election, energy rules and federal planning.
Book a 15-min callRate reductions
Recent cuts can make timing income and deductions worthwhile. We plan around them.
PTE election
West Virginia offers an elective pass-through entity tax. We model whether it helps.
Energy and manufacturing
Equipment-heavy businesses need depreciation and cash planning.
Who we work with
West Virginia industries we serve
We work with owner-led businesses across West Virginia, with experience in the industries that drive the state economy.
Energy
Coal, gas and service companies.
Healthcare
Practices and healthcare organizations.
Chemicals and manufacturing
Producers and suppliers.
Tourism and outdoor
Lodging, rafting and outdoor businesses.
E-commerce sellers
Online brands with West Virginia sales tax, inventory and multi-channel books.
Professional firms
Consultants, agencies and law firms billing by the hour, project or retainer.
Why West Virginia businesses choose CPA Torrance
Areas we cover
Serving businesses across West Virginia
Businesses in Charleston, Huntington, Morgantown, Parkersburg, Wheeling work in energy, healthcare, chemicals, manufacturing and tourism. CPA Torrance helps West Virginia businesses, including those owned from out of state, stay compliant and organized through remote meetings.
- Charleston
- Huntington
- Morgantown
- Parkersburg
- Wheeling
- Beckley
- Martinsburg
- Fairmont
- Video meetings on your schedule
- Secure document portal for statements and returns
- Cloud accounting you can see any time
FAQ
West Virginia business tax and accounting questions
Not covered here? A 15-minute call gets you a straight answer for your situation.
What financial services can CPA Torrance provide to West Virginia businesses?
We provide monthly bookkeeping, federal and West Virginia tax planning, business tax filing and fractional CFO services. Everything runs from one set of books, so your bookkeeper, CPA and CFO advisor work from the same numbers.
Does West Virginia have a pass-through entity tax?
Yes. West Virginia allows an elective pass-through entity tax for partnerships and S corporations.
Are West Virginia income tax rates going down?
Yes. West Virginia has reduced its personal income tax rates in recent years.
Do West Virginia cities add sales tax?
Some municipalities add a local rate to the 6% state rate.
Can CPA Torrance work with West Virginia businesses remotely?
Yes. We serve businesses across West Virginia, including Charleston, Huntington, Morgantown, Parkersburg, Wheeling, Beckley, Martinsburg and Fairmont, through video meetings, a secure document portal and cloud accounting you can see any time. Our office is in Torrance, California.
How do I get started?
Book a 15-minute call or request a free financial assessment. We review your books, tax position and systems and recommend the right mix of support for your West Virginia business.
Get your West Virginia books and taxes in order.
Book a call to review bookkeeping and tax planning for your West Virginia business.