NH Tax & Accounting Services
Kurt Simmons CPA provides comprehensive tax and financial services to individuals and businesses throughout New Hampshire (NH). With its no state income tax on wages and growing tech sector, we understand the unique financial landscape that comes with doing business in New Hampshire.
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 New Hampshire clients without the need for an additional state license. This means New Hampshire 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 New Hampshire (NH)
NH Individual Tax Preparation
Comprehensive federal and New Hampshire state tax return preparation, including complex returns with investments, rental properties, and self-employment income.
Learn More →NH Business Tax Services
Tax preparation and planning for New Hampshire-based businesses including S-Corps, C-Corps, partnerships, LLCs, and sole proprietorships.
Learn More →NH Cryptocurrency Tax
Specialized crypto tax services for New Hampshire investors and traders. DeFi, NFTs, staking rewards, and exchange reporting handled with expertise.
Learn More →NH Trader Tax Services
Mark-to-market elections, wash sale tracking, and tax optimization strategies for active traders in New Hampshire.
Learn More →NH IRS Resolution
Professional representation before the IRS for New Hampshire taxpayers facing audits, collections, liens, levies, or offers in compromise.
Learn More →NH 83(b) Elections
Equity compensation planning and 83(b) election filing for New Hampshire startup employees and founders receiving restricted stock.
Learn More →NH Financial Statement Audits
Full-scope GAAS-compliant financial statement audits for businesses, nonprofits, and organizations requiring independent assurance.
Learn More →NH Review Engagements
Limited assurance engagements providing meaningful confidence in financial statements for lender requirements and stakeholder reporting.
Learn More →NH Compilations
Professionally prepared financial statements from management-provided data for internal reporting, small business needs, and bank presentations.
Learn More →NH Agreed-Upon Procedures
Targeted, customized engagements designed to address specific areas of concern with flexible scope tailored to stakeholder needs.
Learn More →NH Employee Benefit Plan Audits
DOL-compliant audits for 401(k), pension, and employee benefit plans meeting ERISA filing requirements and fiduciary obligations.
Learn More →NH Tax Strategy & Advisory
Proactive, year-round tax planning that identifies savings opportunities. Entity structure optimization, multi-state planning, and strategic initiatives.
Learn More →NH Cost Segregation Studies
Engineering-based analysis to accelerate depreciation deductions on commercial and residential rental properties, maximizing cash flow.
Learn More →NH Virtual CFO Services
Fractional CFO capabilities including financial modeling, cash flow management, KPI dashboards, and strategic financial leadership.
Learn More →NH Business Consulting
Operational assessments, process improvement, internal control design, and strategic planning to drive efficiency and profitability.
Learn More →NH Estate & Succession Planning
Comprehensive estate planning, business succession strategies, and wealth transfer optimization for business owners and high-net-worth individuals.
Learn More →NH 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 →New Hampshire Audit Services in Detail
New Hampshire 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:
New Hampshire Nonprofit Audits
Under New Hampshire's Charitable Trust regulations administered by the NH Charitable Trusts Unit (Department of Justice), charities are generally required to submit audited financial statements when annual gross receipts exceed $2,000,000, and reviewed financial statements when receipts are between $500,000 and $2,000,000. Audited statements are also routinely expected by major NH funders — including the New Hampshire Charitable Foundation, the Endowment for Health, the Couch Family Foundation, the United Way affiliates, and federal subrecipient grantors.
New Hampshire 401(k) & Employee Benefit Plan Audits
NH 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 New Hampshire, including plans sponsored by BAE Systems' Manchester operations, Fidelity Investments' Merrimack operations (one of NH's largest private employers), Sig Sauer (Newington), C&S Wholesale Grocers, Hypertherm, NH-based community banks, Dartmouth-Hitchcock Medical Center and other healthcare systems, and Manchester-Nashua tech and SaaS companies.
New Hampshire Single Audits (Uniform Guidance)
NH nonprofits, municipalities, 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.
New Hampshire Lender, Bonding & Investor Audits
NH banks, surety companies, and NH-based private equity, venture, and growth investors frequently require audited financial statements as a condition of credit facilities, surety capacity, or capital raises.
New Hampshire Reviews & Compilations
Where a full audit is not required, we deliver review engagements (limited assurance) and compilations (no assurance) — both routinely accepted by New Hampshire lenders and stakeholders requiring CPA-prepared financial statements.
New Hampshire (NH) Tax & Business Landscape
Key New Hampshire Tax Numbers. Personal income tax: none on wages or salaries. The Interest & Dividends (I&D) Tax — which had previously taxed unearned income at 5% — was fully repealed effective January 1, 2025, making NH a true no-income-tax state for individuals. Sales tax: none. Estate tax: none. Business Profits Tax (BPT): 7.5% on apportioned NH-source business profits, applying to corporations, LLCs, partnerships, and sole proprietorships above the gross receipts threshold (currently $109,000). Business Enterprise Tax (BET): 0.55% on the sum of compensation, interest, and dividends paid by a business — a unique tax on enterprise value; thresholds approximately $281,000 (gross receipts or enterprise value base, indexed). BET paid is creditable against BPT. Meals and Rentals Tax: 8.5% on prepared meals, short-term lodging, and motor vehicle rentals.
Filing Mechanics. No individual income tax return for wages. Business taxes are filed on Form NH-1120 (corporations), NH-1065 (partnerships), or NH-1040 (sole proprietors), plus Form BET-1 for the Business Enterprise Tax. Meals and Rentals Tax is filed on Form DP-14. Returns are administered by the New Hampshire Department of Revenue Administration.
NH/MA Commuter Mechanics — A Major NH Specialty. A substantial portion of southern New Hampshire (Manchester, Nashua, Salem, Derry, Hudson, Merrimack) consists of MA commuters who work in the Boston metro but live in NH for tax-friendly reasons. NH residents working in MA are subject to MA income tax on those wages (5% flat + 4% Millionaires Tax surtax above ~$1.05M); since NH has no income tax, there's no NH credit. The COVID-era MA "convenience of employer" rule was challenged by NH and expired in 2021 — meaning NH residents working remotely from NH for MA employers are generally NOT subject to MA tax. With the I&D Tax repealed in 2025, NH residents working in NH have effectively no state income tax — driving substantial ongoing relocation from MA, RI, and the rest of New England.
New Hampshire Economy & Who We Serve. New Hampshire's economy is anchored by manufacturing (BAE Systems Manchester — defense electronics; Sig Sauer in Newington; Hypertherm; Hitchiner Manufacturing), financial services (Fidelity Investments' major Merrimack operations — one of NH's largest private employers), healthcare (Dartmouth-Hitchcock Medical Center; Catholic Medical Center; Elliot Hospital), technology (Manchester-Nashua tech corridor), tourism (the White Mountains, Mt. Washington, Lakes Region, the Seacoast, ski resorts — Loon, Bretton Woods, Cannon, Waterville Valley), education (Dartmouth College in Hanover; UNH in Durham), and retail (massive influx of MA residents shopping in NH for tax-free purchases — Tax-Free shopping is a state slogan). Our typical NH clients include Boston-metro commuters and remote workers, NH-based business owners navigating BPT/BET, real estate investors and lakefront/mountain home owners, retirees relocated from high-tax states, and high-net-worth families taking advantage of NH's no-income-tax / no-sales-tax / no-estate-tax environment.
CPA Mobility in New Hampshire. NH 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 New Hampshire 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 New Hampshire, including Manchester (largest city; BAE; Fidelity), Nashua (MA border; tech), Concord (state capital), Derry, Dover, Rochester, Salem (MA border), Merrimack (Fidelity HQ campus), Hudson, Portsmouth (Seacoast; Pease International Tradeport), Hanover (Dartmouth College), Lebanon, Keene, the White Mountains, the Lakes Region (Lake Winnipesaukee), the Seacoast, the Monadnock Region, and every New Hampshire county.
New Hampshire Economy & Who We Serve. New Hampshire's economy features manufacturing, healthcare, higher education, tourism, and a significant cross-border commuter population into Massachusetts. We support New Hampshire small business owners, Massachusetts commuters managing residency issues, and real estate investors.
CPA Mobility in New Hampshire. Under the AICPA/NASBA CPA Mobility Act adopted by New Hampshire, a CPA licensed in good standing in another U.S. state may provide attestation, tax, and advisory services to New Hampshire clients without obtaining a separate New Hampshire license. Kurt Simmons is a CPA in active good standing in Maryland, Delaware, and Florida, and is fully authorized to provide the complete range of CPA services to New Hampshire (NH) individuals, businesses, and nonprofits under this mobility framework.
Cities We Serve. While our practice is virtual-first and not tied to any single office, we regularly work with clients in Manchester, Nashua, Concord, Derry, Dover, Rochester, and Salem, and throughout the rest of New Hampshire.
Why New Hampshire Clients Choose Us
- GAAS-compliant audit, review, and compilation experience for nonprofits, benefit plans, and privately held businesses
- Deep expertise in NH-specific issues: NH Business Profits Tax (BPT) and Business Enterprise Tax (BET) compliance and planning, NH/MA commuter mechanics (post-COVID convenience-of-employer expiration; MA Millionaires Tax exposure), the recent (2025) full repeal of the Interest & Dividends Tax, and BAE/Sig Sauer/Fidelity equity compensation
- 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 NH tech/Manchester-Nashua 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
New Hampshire CPA — Frequently Asked Questions
Do I need a New Hampshire-licensed CPA?
New Hampshire 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 New Hampshire Board of Accountancy registration before commencing attest engagements.
Does New Hampshire really have no income tax and no sales tax?
Yes. New Hampshire is one of only a handful of states with NO broad-based personal income tax AND NO general sales tax. The Interest and Dividends (I&D) Tax — which had previously taxed unearned income at 5% — was fully repealed effective January 1, 2025, making NH a true no-income-tax state for individuals. NH does, however, impose two business taxes (Business Profits Tax and Business Enterprise Tax), a meals and rentals tax (8.5% on prepared meals and short-term lodging), and certain other narrow-base taxes.
What is the New Hampshire Business Profits Tax (BPT)?
The New Hampshire Business Profits Tax (BPT) is a 7.5% tax on income from business activity in New Hampshire, applying to corporations, LLCs, partnerships, and sole proprietorships above a gross receipts threshold (currently $109,000 for 2024). BPT is assessed on apportioned NH-source business profits. Returns are filed on Form NH-1120 (corp), NH-1065 (partnership), or NH-1040 (sole prop) with the NH Department of Revenue Administration.
What is the New Hampshire Business Enterprise Tax (BET)?
The NH Business Enterprise Tax (BET) is a 0.55% tax on the sum of compensation, interest, and dividends paid by a business — a unique tax on enterprise value rather than profits. BET applies to business enterprises with gross receipts above $281,000 OR enterprise value tax base above $281,000 (2024 thresholds, indexed). BET paid is creditable against BPT. Many NH businesses pay BET but not BPT (or vice versa) depending on profitability and structure. Returns are filed on Form BET-1.
I live in New Hampshire and work in Massachusetts. How do my taxes work?
NH residents working in Massachusetts are subject to MA tax on those wages (5% flat plus the 4% Millionaires Tax surtax above ~$1,053,750). Because NH has no income tax, there is no NH credit to receive — you simply pay MA tax on the MA wages. NH residents working remotely from NH for MA employers are generally NOT subject to MA tax (the COVID-era "convenience of employer" rule was challenged by NH and expired in 2021). With NH's repeal of the I&D Tax in 2025, NH residents working in NH have effectively no state income tax — driving substantial relocation from MA. We routinely handle NH/MA commuter mechanics for the large Boston-area commuting population.
When does my New Hampshire nonprofit need an audit?
Under New Hampshire's Charitable Trust regulations, charities registered with the NH Charitable Trusts Unit (Department of Justice) are generally required to submit audited financial statements when annual gross receipts exceed $2,000,000, and reviewed financial statements when receipts are between $500,000 and $2,000,000. Federal Single Audit requirements under 2 CFR Part 200 apply separately when federal expenditures exceed $1,000,000.
Do you serve New Hampshire clients outside Manchester?
Yes. Our practice is virtual-first, so we serve clients across all of New Hampshire — including Nashua, Concord (state capital), Derry, Dover, Rochester, Salem, Merrimack, Hudson, Portsmouth, Hanover (Dartmouth), the White Mountains, the Lakes Region, the Seacoast, the Monadnock Region, and every New Hampshire county.