Updated
Interest-Tax Repeal & Business Filing Review
Apply the repeal to the correct tax and period
New Hampshire announced the repeal of its Interest and Dividends Tax for taxable periods beginning on or after January 1, 2025. Review prior-period balances and notices separately from current planning. The repeal does not itself eliminate Business Profits Tax or Business Enterprise Tax obligations. New Hampshire Interest and Dividends Tax repeal notice.
Inventory business accounts before closing the year
List each entity, its state registrations, tax accounts, filing history, and current activity. Retain payroll, owner-compensation, and financial-statement records for review of the applicable business taxes. Do not close an account solely because an individual tax was repealed.
Coordinate income earned outside New Hampshire
Owners may still need federal returns and filings in states connected with their work, business, or property. We reconcile income by source and entity, preserving residency and work-location records. The planning file should explain each remaining filing obligation and the payments already made.
How we scope the work
We start with the decision or filing you need to complete, the entities and people involved, and the deadline. After reviewing the available records, we identify missing information and propose the services and deliverables. For ongoing work, we establish a close and filing calendar so bookkeeping, tax projections, and owner reporting use consistent information.
For an audit or other assurance request, bring the lender, grant, board, or regulatory requirement. We confirm the engagement type and applicable professional requirements before accepting the work.
CPA services for New Hampshire clients
Tax preparation
Coordinate business and owner returns using reconciled income, allocations, and payment records.
Tax planning
Compare entity elections, transaction timing, and owner consequences before making a decision.
Financial reporting & cash flow
Connect the monthly close, forecasts, and financing needs to clear management reports.
Audit & assurance
Review the intended financial-statement user, required engagement, records, and deadline to define the appropriate scope.
New Hampshire CPA questions
Did the Interest and Dividends Tax repeal eliminate New Hampshire business taxes?
No. It concerns a specific tax and effective period. Review Business Profits Tax and Business Enterprise Tax responsibilities separately, along with prior-period issues and any federal or other-state filings.
How do New Hampshire clients work with KAS?
We provide virtual service through secure document exchange, scheduled video meetings, and electronic signatures. The engagement defines the services, responsibilities, and deadlines; this service area does not represent a walk-in office.