ID Tax & Accounting Services
Kurt Simmons CPA provides comprehensive tax and financial services to individuals and businesses throughout Idaho (ID). With its fast-growing tech relocation destination, we understand the unique financial landscape that comes with doing business in Idaho.
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 Idaho clients without the need for an additional state license. This means Idaho 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 Idaho (ID)
ID Individual Tax Preparation
Comprehensive federal and Idaho state tax return preparation, including complex returns with investments, rental properties, and self-employment income.
Learn More →ID Business Tax Services
Tax preparation and planning for Idaho-based businesses including S-Corps, C-Corps, partnerships, LLCs, and sole proprietorships.
Learn More →ID Cryptocurrency Tax
Specialized crypto tax services for Idaho investors and traders. DeFi, NFTs, staking rewards, and exchange reporting handled with expertise.
Learn More →ID Trader Tax Services
Mark-to-market elections, wash sale tracking, and tax optimization strategies for active traders in Idaho.
Learn More →ID IRS Resolution
Professional representation before the IRS for Idaho taxpayers facing audits, collections, liens, levies, or offers in compromise.
Learn More →ID 83(b) Elections
Equity compensation planning and 83(b) election filing for Idaho startup employees and founders receiving restricted stock.
Learn More →ID Financial Statement Audits
Full-scope GAAS-compliant financial statement audits for businesses, nonprofits, and organizations requiring independent assurance.
Learn More →ID Review Engagements
Limited assurance engagements providing meaningful confidence in financial statements for lender requirements and stakeholder reporting.
Learn More →ID Compilations
Professionally prepared financial statements from management-provided data for internal reporting, small business needs, and bank presentations.
Learn More →ID Agreed-Upon Procedures
Targeted, customized engagements designed to address specific areas of concern with flexible scope tailored to stakeholder needs.
Learn More →ID Employee Benefit Plan Audits
DOL-compliant audits for 401(k), pension, and employee benefit plans meeting ERISA filing requirements and fiduciary obligations.
Learn More →ID Tax Strategy & Advisory
Proactive, year-round tax planning that identifies savings opportunities. Entity structure optimization, multi-state planning, and strategic initiatives.
Learn More →ID Cost Segregation Studies
Engineering-based analysis to accelerate depreciation deductions on commercial and residential rental properties, maximizing cash flow.
Learn More →ID Virtual CFO Services
Fractional CFO capabilities including financial modeling, cash flow management, KPI dashboards, and strategic financial leadership.
Learn More →ID Business Consulting
Operational assessments, process improvement, internal control design, and strategic planning to drive efficiency and profitability.
Learn More →ID Estate & Succession Planning
Comprehensive estate planning, business succession strategies, and wealth transfer optimization for business owners and high-net-worth individuals.
Learn More →ID 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 →Idaho Audit Services in Detail
Idaho businesses, nonprofits, federal contractors, 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:
Idaho National Laboratory (INL) & Federal Contractor Audits
Idaho is home to the Idaho National Laboratory (INL — operated by Battelle Energy Alliance) in Idaho Falls — the U.S. Department of Energy's lead nuclear energy and applied research lab, with substantial federal contractor and subcontractor activity. We support INL prime and subcontractors 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. We also serve Mountain Home AFB and other Idaho federal installations.
Idaho Nonprofit Audits
Audited financial statements for ID charities are routinely required by major Idaho funders — including the J.A. and Kathryn Albertson Family Foundation (Boise — one of the largest U.S. foundations), the Idaho Community Foundation, the Micron Technology Foundation, the Steele-Reese Foundation, the United Way affiliates, and federal subrecipient grantors.
Idaho 401(k) & Employee Benefit Plan Audits
Idaho 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 Idaho, including plans sponsored by Micron Technology (Boise — semiconductor), Hewlett-Packard / HP Inc. (Boise printer division), Lamb Weston (Eagle — frozen potato processing; spun out from ConAgra), Idaho Power Company, J.R. Simplot Company (Boise — agribusiness), Albertsons Companies historical Boise headquarters, Battelle Energy Alliance (INL prime contractor), St. Luke's and Saint Alphonsus health systems, and Idaho's substantial dairy and food-processing industry.
Idaho Single Audits (Uniform Guidance)
Idaho nonprofits, counties, school districts, 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.
Idaho Lender, Bonding & Investor Audits
Idaho banks (Washington Federal, Idaho Central Credit Union, D.L. Evans Bank, KeyBank Idaho), surety companies, and Idaho-based private equity and venture investors frequently require audited financial statements as a condition of credit facilities, surety capacity, or capital raises.
Idaho Reviews & Compilations
Where a full audit is not required, we deliver review engagements (limited assurance) and compilations (no assurance) — both routinely accepted by Idaho lenders and stakeholders requiring CPA-prepared financial statements.
Idaho (ID) Tax & Business Landscape
Key Idaho Tax Numbers. Personal income tax: 5.8% flat (effective tax year 2023; reduced from prior graduated structure). Corporate income tax: 5.8% flat. Sales and use tax: 6% state, plus optional resort city add-ons; combined typically 6%–9%. Idaho offers a Grocery Tax Credit that partially refunds sales tax paid on food. Estate tax: none. Pass-through entity (PTE) elective tax: 5.8% flat, available since tax year 2021.
Filing Mechanics. Individuals file Form 40 (residents) or Form 43 (nonresidents and part-year residents). C-corporations file Form 41. Partnerships file Form 65; S-corps file Form 41S. PTE election is made on partnership/S-corp returns. Returns are due April 15 and administered by the Idaho State Tax Commission.
The California-to-Idaho Migration. Idaho has been among the fastest-growing states largely from California, Washington, and Oregon in-migration. New Idaho residents face residency-establishment issues — California in particular is aggressive about claiming continuing residency under the Franchise Tax Board's "closest connections" test (using factors like home location, time present, family, business interests, voter/vehicle registration, professional licenses, healthcare). We help CA-to-ID movers establish unambiguous Idaho domicile, structure asset transitions to minimize California exit-tax exposure on appreciated assets sold post-move, and avoid the FTB six-month-presumption trap.
Micron, INL & the Boise/Idaho Falls Tech Cluster. Boise is anchored by Micron Technology (DRAM/NAND memory chips — one of the largest U.S. semiconductor companies; massive Boise expansion announced under CHIPS Act), Hewlett-Packard / HP Inc. (Boise printer division — long-standing Idaho presence), Lamb Weston (Eagle — global frozen potato processor), J.R. Simplot Company (Boise — privately held agribusiness, McDonald's french fry supplier), and Idaho Power. Idaho Falls is anchored by the Idaho National Laboratory (INL — DOE's lead nuclear energy R&D lab) and Premier Technology federal contractors. We support equity compensation planning (Micron RSUs/ESPP), federal contractor accounting (INL), and the broader Treasure Valley tech ecosystem.
Idaho Agriculture & the Magic Valley. Idaho is the #1 U.S. producer of potatoes (over 60% of all U.S. processed-potato production), #3 U.S. producer of milk (the Magic Valley around Twin Falls is one of the densest dairy regions in the U.S.), and a major producer of sugar beets, barley, hay, and trout (Idaho produces the majority of U.S. commercial trout). Idaho farmers and dairymen face specialized issues: Schedule F farm reporting, livestock and equipment depreciation, conservation easements, water rights treatment, and contract grower agreements with Lamb Weston, Simplot, and dairy cooperatives.
Idaho Economy & Who We Serve. Idaho's economy spans technology and semiconductor manufacturing (Micron, HP, Boise startups), federal nuclear research (INL), agriculture (potatoes #1, dairy #3, sugar beets, barley, trout), food processing (Simplot, Lamb Weston, ConAgra), tourism and outdoor recreation (Sun Valley resort, Coeur d'Alene resort, Yellowstone gateway, whitewater rafting, Sawtooth Range), timber and forest products (Idaho Forest Group), and logistics (Boise/Salt Lake/Spokane corridor). Our typical ID clients include Micron and Boise tech professionals, INL federal contractor employees, California/Washington transplants establishing Idaho residency, dairy and potato farmers, real estate investors (the Treasure Valley housing market), Coeur d'Alene resort/retiree professionals, and high-net-worth families.
CPA Mobility in Idaho. Idaho 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 Idaho State Board of Accountancy mobility and firm registration requirements before commencing any engagement.
Cities and Communities We Serve. Our virtual-first practice serves clients across all of Idaho, including Boise (state capital; largest city; Micron; HP), Meridian, Nampa, Caldwell, Eagle (Lamb Weston), the Treasure Valley, Idaho Falls (INL), Pocatello (ISU), Coeur d'Alene (Panhandle resort), Twin Falls (Magic Valley dairy), Lewiston, Post Falls, Rexburg (BYU-I), Sun Valley/Ketchum (resort), Moscow (University of Idaho), the Magic Valley, the Panhandle, and every Idaho county.
Why Idaho Clients Choose Us
- GAAS-compliant audit, review, and compilation experience for nonprofits, federal contractors (INL), benefit plans, and privately held businesses
- Deep expertise in ID-specific issues: 5.8% flat tax planning, ID PTE elections, Micron Boise semiconductor equity compensation (RSUs, ESPP), Idaho National Laboratory federal contractor accounting (CAS, DCAA), California-to-Idaho residency establishment and FTB exit-test defense, dairy/potato/agriculture industry tax (Magic Valley), and Idaho's Grocery Tax Credit
- 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 ID Boise tech 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
Idaho CPA — Frequently Asked Questions
Do I need an Idaho-licensed CPA?
Idaho 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 Idaho State Board of Accountancy firm-registration requirements before commencing attest engagements.
What is Idaho's income tax rate?
Idaho moved to a 5.8% flat individual and corporate income tax rate effective tax year 2023, simplifying compliance and replacing the prior graduated brackets. Form 40 (residents) or Form 43 (nonresidents/part-year) is due April 15, with C-corps filing Form 41 and S-corps Form 41S.
Does Idaho have a SALT-cap workaround?
Yes. Idaho 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 5.8% on Idaho-source taxable income, and members receive a corresponding credit on Form 40.
I moved from California to Idaho. What residency planning do I need?
Idaho has been one of the largest beneficiaries of the California-to-low-tax-state migration. California is aggressive about claiming continuing residency: maintaining a CA home, CA-domiciled minor children, CA business interests, or even returning frequently for family/business can keep you on the FTB's radar under the "closest connections" test (factors include home location, time present, family, business interests, voter/vehicle registration, professional licenses, healthcare). We help CA-to-ID movers establish unambiguous Idaho domicile, sever California day-counting risk under the FTB's six-month presumption, and structure asset transitions to minimize CA exit taxation on built-in gains. Similar planning applies for Washington and Oregon transplants.
I work at Micron in Boise. What special tax issues apply?
Micron Technology (Boise HQ — DRAM/NAND memory chips; CHIPS Act expansion underway) is a major employer with substantial RSU and ESPP grants. We handle the equity-compensation issues common to Micron employees: RSU vesting tax planning, double-tax avoidance (federal/Idaho), AMT considerations for ISO exercises, ESPP qualifying vs. disqualifying disposition planning, and cost-segregation/cost-basis tracking for vested shares. We also support the broader Boise tech ecosystem (HP Inc. Boise printer division, Idaho Power, Boise startups).
I'm a contract potato or dairy operator in the Magic Valley. What special tax issues apply?
The Magic Valley around Twin Falls is one of the densest dairy regions in the U.S., and Idaho is the #1 U.S. potato producer. Specialized issues include Schedule F farm income reporting, livestock and equipment depreciation under MACRS (typically 5-year for dairy cows under §168), conservation easements, water rights as tax assets, contract-grower agreements with Lamb Weston/Simplot/ConAgra, and dairy cooperative patronage dividends from Glanbia, Idaho Milk Products, and similar processors.
Do you serve Idaho clients outside Boise?
Yes. Our practice is virtual-first, so we serve clients across all of Idaho — including the Treasure Valley (Boise, Meridian, Nampa, Caldwell, Eagle), Idaho Falls (INL — Idaho National Laboratory), Pocatello (ISU), Coeur d'Alene (resort/retiree), Twin Falls (Magic Valley dairy), Lewiston, Post Falls, Rexburg (BYU-I), Sun Valley/Ketchum (resort), Moscow (University of Idaho), and rural Idaho's agricultural and timber communities.