AK Tax & Accounting Services
Kurt Simmons CPA provides comprehensive tax and financial services to individuals and businesses throughout Alaska (AK). With its oil & gas, fishing, and unique state tax situations, we understand the unique financial landscape that comes with doing business in Alaska.
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 Alaska clients without the need for an additional state license. This means Alaska 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 Alaska (AK)
AK Individual Tax Preparation
Comprehensive federal and Alaska state tax return preparation, including complex returns with investments, rental properties, and self-employment income.
Learn More →AK Business Tax Services
Tax preparation and planning for Alaska-based businesses including S-Corps, C-Corps, partnerships, LLCs, and sole proprietorships.
Learn More →AK Cryptocurrency Tax
Specialized crypto tax services for Alaska investors and traders. DeFi, NFTs, staking rewards, and exchange reporting handled with expertise.
Learn More →AK Trader Tax Services
Mark-to-market elections, wash sale tracking, and tax optimization strategies for active traders in Alaska.
Learn More →AK IRS Resolution
Professional representation before the IRS for Alaska taxpayers facing audits, collections, liens, levies, or offers in compromise.
Learn More →AK 83(b) Elections
Equity compensation planning and 83(b) election filing for Alaska startup employees and founders receiving restricted stock.
Learn More →AK Financial Statement Audits
Full-scope GAAS-compliant financial statement audits for businesses, nonprofits, and organizations requiring independent assurance.
Learn More →AK Review Engagements
Limited assurance engagements providing meaningful confidence in financial statements for lender requirements and stakeholder reporting.
Learn More →AK Compilations
Professionally prepared financial statements from management-provided data for internal reporting, small business needs, and bank presentations.
Learn More →AK Agreed-Upon Procedures
Targeted, customized engagements designed to address specific areas of concern with flexible scope tailored to stakeholder needs.
Learn More →AK Employee Benefit Plan Audits
DOL-compliant audits for 401(k), pension, and employee benefit plans meeting ERISA filing requirements and fiduciary obligations.
Learn More →AK Tax Strategy & Advisory
Proactive, year-round tax planning that identifies savings opportunities. Entity structure optimization, multi-state planning, and strategic initiatives.
Learn More →AK Cost Segregation Studies
Engineering-based analysis to accelerate depreciation deductions on commercial and residential rental properties, maximizing cash flow.
Learn More →AK Virtual CFO Services
Fractional CFO capabilities including financial modeling, cash flow management, KPI dashboards, and strategic financial leadership.
Learn More →AK Business Consulting
Operational assessments, process improvement, internal control design, and strategic planning to drive efficiency and profitability.
Learn More →AK Estate & Succession Planning
Comprehensive estate planning, business succession strategies, and wealth transfer optimization for business owners and high-net-worth individuals.
Learn More →AK 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 →Alaska Audit Services in Detail
Alaska businesses, nonprofits, federal contractors, ANCSA corporations, 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:
Alaska Federal Contractor & Military Base Audits
Alaska hosts major U.S. military installations — Joint Base Elmendorf-Richardson (JBER) in Anchorage, Eielson AFB and Fort Wainwright in Fairbanks, Fort Greely (missile defense), and Coast Guard 17th District. We support Alaska federal contractors with GAAS-compliant audits, indirect rate calculations and DCAA-compliant accounting systems, Cost Accounting Standards (CAS) compliance, and audits prepared for security-cleared business operations.
Alaska ANCSA Corporation & Native Village Audits
Alaska is unique in having 12 ANCSA Regional Corporations (Sealaska, Bristol Bay Native Corporation, Doyon, Calista, NANA, Arctic Slope Regional Corporation, etc.) and over 200 ANCSA Village Corporations established under the 1971 Alaska Native Claims Settlement Act. ANCSA corporations have specialized audit, governance, and 7(i)/7(j) revenue-sharing requirements. We perform audits and advisory work for Alaska Native–owned entities, federal subcontracting subsidiaries (8(a) program), and shareholder-distribution planning.
Alaska Nonprofit Audits
Audited financial statements for AK charities are routinely required by major Alaska funders — the Rasmuson Foundation (Anchorage), the Alaska Community Foundation, the Mat-Su Health Foundation, the United Way of Anchorage and the United Way of Mat-Su, ANCSA regional corporation foundations (Bristol Bay, NANA, Sealaska), and federal subrecipient grantors.
Alaska 401(k) & Employee Benefit Plan Audits
Alaska 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 Alaska, including plans sponsored by ConocoPhillips Alaska, Hilcorp/BP Alaska legacy, Alyeska Pipeline, Alaska Airlines (Anchorage hub operations), GCI Communications, ANCSA regional and village corporations, Providence Alaska Medical Center and Alaska Native Tribal Health Consortium (ANTHC), and Alaska's seafood processing industry (Trident Seafoods, Peter Pan Seafood, Icicle Seafoods).
Alaska Single Audits (Uniform Guidance)
Alaska nonprofits, boroughs, school districts, tribal entities, 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 — particularly relevant given Alaska's heavy federal funding for tribal health, transportation (Federal Highway/FAA), Bureau of Indian Affairs programs, and rural infrastructure.
Alaska Reviews & Compilations
Where a full audit is not required, we deliver review engagements (limited assurance) and compilations (no assurance) — both routinely accepted by Alaska lenders (First National Bank Alaska, Northrim Bank, KeyBank Alaska) and stakeholders requiring CPA-prepared financial statements.
Alaska (AK) Tax & Business Landscape
Key Alaska Tax Numbers. Personal income tax: none — Alaska is one of nine states with no broad personal income tax. Statewide sales tax: none — Alaska is one of only two states (with NH) with no statewide sales tax, though many boroughs and cities impose local sales taxes (e.g., Juneau 5%, Ketchikan 6.5%, Kodiak 7%, Sitka 6%, Wrangell 7%, Petersburg 6%, Seward 4% — Anchorage and Fairbanks have no general sales tax). Corporate income tax: graduated, top rate 9.4% on C-corporations (one of the higher state corporate rates). Estate tax: none. Pass-through entity (PTE) elective tax: none — Alaska has no PTE workaround because it has no individual income tax for the workaround to address.
The Alaska Permanent Fund Dividend (PFD). Each year, Alaska pays every eligible resident a Permanent Fund Dividend funded from oil-royalty earnings. The PFD is not taxed by Alaska but is fully taxable federally as ordinary income on Form 1040. For a family of four receiving the typical PFD, this can add several thousand dollars of federal taxable income annually — and PFD timing/withholding planning matters. We handle PFD reporting, withholding, and federal tax planning for Alaska families annually, plus the residency-establishment rules required to claim the PFD.
Alaska Oil, Gas & the Resource Economy. Alaska is the third-largest oil-producing state. The North Slope (Prudhoe Bay, Kuparuk, Alpine) and Cook Inlet basins are operated by ConocoPhillips Alaska, Hilcorp Alaska (acquired BP Alaska's legacy operations in 2020), ExxonMobil, Eni, and Repsol. Alaska imposes severance/production taxes on oil and gas, and the state's economy and employment are heavily tied to North Slope crude prices. The Trans-Alaska Pipeline System (TAPS, operated by Alyeska Pipeline) carries North Slope production 800 miles to Valdez.
Alaska Commercial Fishing & Seafood. Alaska is the largest seafood producer in the United States, accounting for the majority of U.S. wild salmon, pollock, halibut, cod, sablefish, and king/snow crab. The seafood industry includes commercial fishing fleets, shore-based and at-sea processors (Trident Seafoods, Peter Pan, Icicle/OBI, Silver Bay), CDQ (Community Development Quota) entities, and IFQ/quota-share programs. Commercial fishermen are self-employed for tax purposes and face specialized federal tax issues including fuel tax credits, vessel/gear depreciation, fishing income averaging (IRC §1301), and crew share reporting.
Alaska Economy & Who We Serve. Alaska's economy spans oil and gas (North Slope, Cook Inlet), seafood and commercial fishing (#1 U.S. producer), federal government and military (JBER, Eielson AFB, Fort Wainwright, Fort Greely, Coast Guard, NOAA, NPS — Alaska has the largest federal land/employment footprint per capita in the U.S.), tourism (cruise ship industry — Inside Passage, Glacier Bay, Denali; Alaska Railroad), mining (Red Dog zinc — the largest zinc mine in the world; Fort Knox gold; Pogo gold; Greens Creek silver), and aviation/logistics (Anchorage Ted Stevens — among the world's busiest cargo airports due to Asia-North America freight). Our typical AK clients include commercial fishermen, oil/gas professionals, federal contractors and military families, ANCSA corporation employees and shareholders, lodge and tourism operators, real estate investors, and bush professionals navigating remote tax filing.
CPA Mobility in Alaska. Alaska 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 Alaska 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 Alaska, including Anchorage (largest city; JBER; commercial hub), Fairbanks (interior; UAF; Eielson AFB; Fort Wainwright), Juneau (state capital; Inside Passage), Wasilla/Palmer (Mat-Su Valley), Sitka, Ketchikan, Kodiak (largest fishing port by value), Homer, Kenai/Soldotna, Bethel, Nome, Barrow/Utqiaġvik (North Slope), Dillingham/Bristol Bay, the Aleutian and Pribilof Islands, and bush communities accessible only by air.
Why Alaska Clients Choose Us
- GAAS-compliant audit, review, and compilation experience for nonprofits, ANCSA corporations, federal contractors, benefit plans, and privately held businesses
- Deep expertise in AK-specific issues: Alaska Permanent Fund Dividend (PFD) federal reporting, commercial fishing and seafood industry tax (vessel/gear depreciation, fuel tax credits, IRC §1301 income averaging), Alaska oil & gas industry accounting, ANCSA corporation and 7(i)/7(j) issues, military and federal contractor accounting (JBER, Eielson, Fort Greely missile defense), and Alaska's local borough/city sales tax patchwork
- 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 AK Anchorage tech startup employees
- Technology-forward, virtual-first delivery — secure client portal, e-signature, and video consultations (essential for bush Alaska and seasonal fishermen)
- Transparent, fixed-fee engagements where possible — no surprise hourly invoices
Alaska CPA — Frequently Asked Questions
Do I need an Alaska-licensed CPA?
Alaska 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 Alaska Board of Public Accountancy firm-registration requirements before commencing attest engagements.
Does Alaska have a state income tax?
No. Alaska is one of nine U.S. states without a personal income tax and one of only two states (Alaska and New Hampshire) with no statewide sales tax — although many Alaska boroughs and cities impose local sales taxes (Juneau 5%, Ketchikan 6.5%, Kodiak 7%, etc.; Anchorage and Fairbanks have no general sales tax). Alaska does impose a corporate income tax on C-corporations with a graduated rate up to 9.4%.
Is the Alaska Permanent Fund Dividend (PFD) taxable?
The PFD is not taxed by Alaska (which has no income tax) but it is fully taxable as ordinary income at the federal level. The PFD must be reported on the federal Form 1040 of every Alaska resident who received it. The IRS treats the PFD as "other income" reported on Schedule 1. We handle PFD reporting and the related federal tax planning for Alaska families annually — including the residency-establishment rules required to qualify for the PFD in the first place (you must be an Alaska resident the full prior calendar year, with limited absences).
I'm a commercial fisherman in Alaska. What special tax issues apply?
Commercial fishing involves specialized federal tax treatment: self-employment income reporting on Schedule C, vessel and gear depreciation under MACRS (often with bonus depreciation/§179), fuel tax credits for commercial fishing under IRC §6427, fishing-specific income averaging under IRC §1301 (allowing high-income years to be averaged with lower years), crew share reporting on Form 1099-MISC (or W-2 in certain arrangements), and the "fishing boat captain" Schedule SE rules. Alaska is the largest seafood producer in the U.S. — we support boat owners, captains, crew, IFQ holders, CDQ participants, and shore-based processors throughout AK.
How does an ANCSA corporation get audited differently?
ANCSA Regional Corporations (Sealaska, Bristol Bay Native, Doyon, Calista, NANA, Arctic Slope, etc.) and Village Corporations have specialized audit and governance requirements arising from the 1971 Alaska Native Claims Settlement Act, including 7(i)/7(j) revenue-sharing reporting among regional corporations, federal subcontracting compliance (SBA 8(a) program participation by many ANCSA subsidiaries), shareholder distribution accounting, and tribal-corporate hybrid governance issues. We support Alaska Native–owned entities with GAAS audits and the unique compliance framework these organizations face.
When does my Alaska nonprofit need an audit?
Alaska does not impose a state-mandated audit threshold for charities under its Charitable Solicitations registration framework, but many Alaska funders require audited statements regardless — including the Rasmuson Foundation, the Alaska Community Foundation, the Mat-Su Health Foundation, the United Way of Anchorage and Mat-Su, and ANCSA regional corporation foundations. Federal Single Audit requirements (2 CFR Part 200) apply when federal expenditures reach $1,000,000 — relevant for Alaska's many tribally operated health and social service organizations receiving IHS, BIA, HHS, and DOT funding.
Do you serve Alaska clients outside Anchorage?
Yes. Our practice is virtual-first, so we serve clients across all of Alaska — including Fairbanks (interior; UAF), Juneau (state capital; Inside Passage), the Mat-Su Valley (Wasilla, Palmer), Sitka, Ketchikan, Kodiak (largest fishing port by value), Homer, Kenai/Soldotna, the Aleutian/Pribilof Islands, the North Slope (Prudhoe Bay, Utqiaġvik), Bristol Bay/Dillingham, Bethel, Nome, and bush communities accessible only by air.