AL Tax & Accounting Services
Kurt Simmons CPA provides comprehensive tax and financial services to individuals and businesses throughout Alabama (AL). With its growing tech sector and aerospace industry, we understand the unique financial landscape that comes with doing business in Alabama.
Under the CPA Mobility Act, our CPA — licensed in Maryland, Delaware, and Florida — is authorized to provide the full range of attestation, tax, and advisory services to Alabama clients without the need for an additional state license. This means Alabama individuals and businesses receive the same comprehensive service as our home-state clients: financial statement audits, tax strategy, IRS representation, virtual CFO services, and every other service we offer — delivered through our technology-forward, virtual-first practice model.
CPA Services Available in Alabama (AL)
AL Individual Tax Preparation
Comprehensive federal and Alabama state tax return preparation, including complex returns with investments, rental properties, and self-employment income.
Learn More →AL Business Tax Services
Tax preparation and planning for Alabama-based businesses including S-Corps, C-Corps, partnerships, LLCs, and sole proprietorships.
Learn More →AL Cryptocurrency Tax
Specialized crypto tax services for Alabama investors and traders. DeFi, NFTs, staking rewards, and exchange reporting handled with expertise.
Learn More →AL Trader Tax Services
Mark-to-market elections, wash sale tracking, and tax optimization strategies for active traders in Alabama.
Learn More →AL IRS Resolution
Professional representation before the IRS for Alabama taxpayers facing audits, collections, liens, levies, or offers in compromise.
Learn More →AL 83(b) Elections
Equity compensation planning and 83(b) election filing for Alabama startup employees and founders receiving restricted stock.
Learn More →AL Financial Statement Audits
Full-scope GAAS-compliant financial statement audits for businesses, nonprofits, and organizations requiring independent assurance.
Learn More →AL Review Engagements
Limited assurance engagements providing meaningful confidence in financial statements for lender requirements and stakeholder reporting.
Learn More →AL Compilations
Professionally prepared financial statements from management-provided data for internal reporting, small business needs, and bank presentations.
Learn More →AL Agreed-Upon Procedures
Targeted, customized engagements designed to address specific areas of concern with flexible scope tailored to stakeholder needs.
Learn More →AL Employee Benefit Plan Audits
DOL-compliant audits for 401(k), pension, and employee benefit plans meeting ERISA filing requirements and fiduciary obligations.
Learn More →AL Tax Strategy & Advisory
Proactive, year-round tax planning that identifies savings opportunities. Entity structure optimization, multi-state planning, and strategic initiatives.
Learn More →AL Cost Segregation Studies
Engineering-based analysis to accelerate depreciation deductions on commercial and residential rental properties, maximizing cash flow.
Learn More →AL Virtual CFO Services
Fractional CFO capabilities including financial modeling, cash flow management, KPI dashboards, and strategic financial leadership.
Learn More →AL Business Consulting
Operational assessments, process improvement, internal control design, and strategic planning to drive efficiency and profitability.
Learn More →AL Estate & Succession Planning
Comprehensive estate planning, business succession strategies, and wealth transfer optimization for business owners and high-net-worth individuals.
Learn More →AL Capital Markets Advisory
Securities compliance, FINRA regulatory guidance, and capital markets advisory for businesses navigating public offerings, private placements, and broker-dealer requirements.
Learn More →Alabama Audit Services in Detail
Alabama businesses, nonprofits, and benefit plan sponsors typically need an independent audit when state law, federal rules, lenders, grantmakers, or boards require external assurance. We perform GAAS-compliant attest engagements scoped to the specific assurance need — most commonly:
Alabama Federal Contractor & Aerospace Audits (Huntsville)
Huntsville is home to one of the country's largest concentrations of federal aerospace and defense contractors — anchored by NASA's Marshall Space Flight Center, Redstone Arsenal, and the U.S. Army Aviation and Missile Command. We support contractors with GAAS-compliant audits suitable for federal contracting purposes, indirect rate calculations and DCAA-compliant accounting systems, Cost Accounting Standards (CAS) compliance, and audits prepared to support security-cleared business operations.
Alabama Nonprofit Audits
Under Alabama's Charitable Solicitations Act, charities registered with the Alabama Attorney General are generally required to submit audited financial statements when annual contributions exceed $500,000, and reviewed financial statements when contributions are between $100,000 and $500,000. Audited statements are also routinely expected by the Community Foundation of Greater Birmingham, the Alabama Power Foundation, the Robert R. Meyer Foundation, the Daniel Foundation, the United Way affiliates, and federal subrecipient grantors.
Alabama 401(k) & Employee Benefit Plan Audits
Alabama plan sponsors filing Form 5500 generally require an ERISA-compliant audit when the plan has 100 or more participants with account balances at the start of the plan year. We perform full-scope and §103(a)(3)(C) limited-scope benefit plan audits for 401(k), 403(b), and defined-benefit plans across Alabama, including plans sponsored by Mercedes-Benz Tuscaloosa, Hyundai Montgomery, Honda Lincoln, Mazda-Toyota Huntsville, Boeing/Lockheed/Northrop Huntsville aerospace contractors, Regions Financial (Birmingham), Vulcan Materials, U.S. Steel, UAB Health System, and Alabama's port-related Mobile employers (Airbus assembly).
Alabama Single Audits (Uniform Guidance)
Alabama nonprofits, municipalities, school boards, and pass-through subrecipients that expend $1,000,000 or more in federal awards in a fiscal year are subject to the Single Audit requirements of 2 CFR Part 200.
Alabama Reviews & Compilations
Where a full audit is not required, we deliver review engagements (limited assurance) and compilations (no assurance) — both routinely accepted by Alabama lenders and stakeholders requiring CPA-prepared financial statements.
Alabama (AL) Tax & Business Landscape
Key Alabama Tax Numbers. Personal income tax: graduated, top rate 5% on income above approximately $3,000 single / $6,000 joint. Corporate income tax: 6.5% flat. Sales and use tax: 4% state, plus county/city; combined rates in many areas approximately 9%–10%. Estate tax: none. Pass-through entity (PTE) elective tax: 5% flat, available since tax year 2021. Federal income tax deduction: Alabama is one of only a handful of states that allows individual taxpayers to deduct federal income taxes paid as an itemized deduction on the Alabama return — a unique feature that can materially reduce AL state taxable income for high earners.
Filing Mechanics. Individuals file Form 40 (residents) or Form 40NR (nonresidents). C-corporations file Form 20C. Partnerships file Form 65; S-corps file Form 20S. PTE election is made on partnership/S-corp returns. Returns are due April 15 and administered by the Alabama Department of Revenue.
Alabama Aerospace & Automotive Manufacturing. Alabama has built one of the country's most successful industrial recruitment efforts. Huntsville (\"Rocket City\") hosts NASA's Marshall Space Flight Center, Redstone Arsenal, the U.S. Army Aviation and Missile Command, and a massive aerospace contractor cluster (Boeing, Lockheed Martin, Northrop Grumman, Dynetics, ULA, Blue Origin BE-4 engine production). Alabama is also home to four major OEM auto plants: Mercedes-Benz (Tuscaloosa — the first foreign-owned auto plant in the U.S.), Hyundai (Montgomery), Honda (Lincoln), and Mazda-Toyota (Huntsville — the joint MTMUS plant). Plus Airbus final assembly in Mobile. We support Alabama's aerospace and automotive professionals with specialized accounting and equity compensation issues.
Alabama Economy & Who We Serve. Alabama's economy spans aerospace and defense (Huntsville), automotive manufacturing (Mercedes, Hyundai, Honda, Mazda-Toyota, Airbus Mobile), steel and metals (Birmingham — historic Pittsburgh of the South; U.S. Steel, Vulcan Materials), agriculture (cotton, peanuts, poultry), forestry, healthcare and biotech (UAB Birmingham — University of Alabama at Birmingham, one of the largest U.S. medical/research enterprises), the Port of Mobile, and military bases (Redstone, Maxwell AFB, Fort Novosel/formerly Rucker). Our typical AL clients include Huntsville aerospace and defense professionals, Big Four (M-B, Hyundai, Honda, Mazda-Toyota) automotive workers and executives, Birmingham healthcare and finance professionals, real estate investors, and high-net-worth families.
CPA Mobility in Alabama. Alabama has adopted CPA mobility provisions under the Uniform Accountancy Act. Kurt Simmons holds active CPA licenses in Maryland, Delaware, and Florida, and we confirm all applicable Alabama State Board of Public Accountancy mobility and firm registration requirements before commencing any engagement.
Cities and Communities We Serve. Our virtual-first practice serves clients across all of Alabama, including Birmingham (largest city; healthcare; finance; UAB), Huntsville ("Rocket City"; NASA; aerospace), Montgomery (state capital; Hyundai), Mobile (port; Airbus), Tuscaloosa (Mercedes; University of Alabama), Hoover, Auburn, Dothan, Decatur, Florence, the Gulf Coast, the Black Belt, and every Alabama county.
Why Alabama Clients Choose Us
- GAAS-compliant audit, review, and compilation experience for nonprofits, federal contractors, benefit plans, and privately held businesses
- Deep expertise in AL-specific issues: Alabama's unique federal income tax deduction (one of few states allowing it), AL PTE elections, Huntsville aerospace and federal contractor accounting (CAS, DCAA, FAR Part 31), Alabama's automotive OEM equity compensation (Mercedes, Hyundai, Honda, Mazda-Toyota), and UAB Birmingham medical/biotech professional taxation
- Capital markets background — Kurt Simmons has passed the Series 65 examination (Passed; not currently held as an active license) in addition to holding the CPA
- Specialized practices in cryptocurrency taxation, active trader tax, and 83(b) elections for AL Huntsville aerospace startup employees
- Technology-forward, virtual-first delivery — secure client portal, e-signature, and video consultations
- Transparent, fixed-fee engagements where possible — no surprise hourly invoices
Alabama CPA — Frequently Asked Questions
Do I need an Alabama-licensed CPA?
Alabama has adopted CPA mobility provisions under the Uniform Accountancy Act. Kurt Simmons holds active CPA licenses in Maryland, Delaware, and Florida, and we confirm any applicable firm-level Alabama State Board of Public Accountancy registration before commencing attest engagements.
What is Alabama's income tax rate?
Alabama has a graduated personal income tax with a top rate of 5% on income above approximately $3,000 single / $6,000 joint. The AL corporate income tax is 6.5%. Form 40 (residents) or 40NR (nonresidents) is due April 15.
Does Alabama really allow a deduction for federal income taxes paid?
Yes — Alabama is one of only a handful of states that allows individual taxpayers to deduct federal income taxes paid as an itemized deduction on the Alabama state return. This unique feature can materially reduce Alabama state taxable income for high earners. The deduction interacts with federal AMT and SALT-cap considerations in ways that require careful planning. We optimize the federal/AL deduction interaction for Alabama clients.
Does Alabama have a SALT-cap workaround?
Yes. Alabama enacted an elective Pass-Through Entity Tax effective for tax years beginning on or after January 1, 2021. Eligible S-corps and partnerships pay an entity-level tax at a flat 5% on Alabama-source taxable income, and members receive a corresponding credit on Form 40.
I work in Huntsville aerospace. What special tax issues apply?
Huntsville ("Rocket City") is home to NASA's Marshall Space Flight Center, Redstone Arsenal, the U.S. Army Aviation and Missile Command, and a massive ecosystem of aerospace and defense contractors (Boeing, Lockheed Martin, Northrop Grumman, Dynetics, ULA, Blue Origin's BE-4 engine production, etc.). We handle the specialized issues common to Huntsville professionals: cost-accounting standards (CAS), DCAA compliance, federal contractor accounting, security clearance financial review, deferred compensation, and equity compensation planning.
When does my Alabama nonprofit need an audit?
Under Alabama's Charitable Solicitations Act, charities registered with the Alabama Attorney General are generally required to submit audited financial statements when annual contributions exceed $500,000, and reviewed financial statements when contributions are between $100,000 and $500,000. Federal Single Audit requirements apply when federal expenditures exceed $1,000,000.
Do you serve Alabama clients outside Birmingham and Huntsville?
Yes. Our practice is virtual-first, so we serve clients across all of Alabama — including Montgomery (state capital; Hyundai), Mobile (port; Airbus), Tuscaloosa (Mercedes; University of Alabama), Hoover, Auburn (Auburn University), Dothan, Decatur, Florence, the Gulf Coast, the Black Belt, and every Alabama county.