WY Tax & Accounting Services
Kurt Simmons CPA provides comprehensive tax and financial services to individuals and businesses throughout Wyoming (WY). With its no state income tax and energy and ranching economy, we understand the unique financial landscape that comes with doing business in Wyoming.
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 Wyoming clients without the need for an additional state license. This means Wyoming 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 Wyoming (WY)
WY Individual Tax Preparation
Comprehensive federal and Wyoming state tax return preparation, including complex returns with investments, rental properties, and self-employment income.
Learn More →WY Business Tax Services
Tax preparation and planning for Wyoming-based businesses including S-Corps, C-Corps, partnerships, LLCs, and sole proprietorships.
Learn More →WY Cryptocurrency Tax
Specialized crypto tax services for Wyoming investors and traders. DeFi, NFTs, staking rewards, and exchange reporting handled with expertise.
Learn More →WY Trader Tax Services
Mark-to-market elections, wash sale tracking, and tax optimization strategies for active traders in Wyoming.
Learn More →WY IRS Resolution
Professional representation before the IRS for Wyoming taxpayers facing audits, collections, liens, levies, or offers in compromise.
Learn More →WY 83(b) Elections
Equity compensation planning and 83(b) election filing for Wyoming startup employees and founders receiving restricted stock.
Learn More →WY Financial Statement Audits
Full-scope GAAS-compliant financial statement audits for businesses, nonprofits, and organizations requiring independent assurance.
Learn More →WY Review Engagements
Limited assurance engagements providing meaningful confidence in financial statements for lender requirements and stakeholder reporting.
Learn More →WY Compilations
Professionally prepared financial statements from management-provided data for internal reporting, small business needs, and bank presentations.
Learn More →WY Agreed-Upon Procedures
Targeted, customized engagements designed to address specific areas of concern with flexible scope tailored to stakeholder needs.
Learn More →WY Employee Benefit Plan Audits
DOL-compliant audits for 401(k), pension, and employee benefit plans meeting ERISA filing requirements and fiduciary obligations.
Learn More →WY Tax Strategy & Advisory
Proactive, year-round tax planning that identifies savings opportunities. Entity structure optimization, multi-state planning, and strategic initiatives.
Learn More →WY Cost Segregation Studies
Engineering-based analysis to accelerate depreciation deductions on commercial and residential rental properties, maximizing cash flow.
Learn More →WY Virtual CFO Services
Fractional CFO capabilities including financial modeling, cash flow management, KPI dashboards, and strategic financial leadership.
Learn More →WY Business Consulting
Operational assessments, process improvement, internal control design, and strategic planning to drive efficiency and profitability.
Learn More →WY Estate & Succession Planning
Comprehensive estate planning, business succession strategies, and wealth transfer optimization for business owners and high-net-worth individuals.
Learn More →WY 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 →Wyoming Audit Services in Detail
Wyoming 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:
F.E. Warren AFB & Wyoming Federal Contractor Audits
Wyoming hosts Francis E. Warren Air Force Base (Cheyenne — home of the 90th Missile Wing operating Minuteman III ICBMs across WY/NE/CO; the oldest continuously active Air Force base in the U.S., dating to 1867; selected as a future LGM-35A Sentinel ICBM base under the GBSD program). Combined with the National Energy Technology Laboratory's Anvil Points operations, Yellowstone and Grand Teton NPS contracting, and BLM/USFS contractors managing WY's vast federal land, F.E. Warren and the broader federal presence drive a substantial WY federal contractor base. We support WY 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.
Wyoming Tribal Audits (Wind River Reservation)
Wyoming's only Indian reservation is the Wind River Indian Reservation (central WY — home to the Eastern Shoshone Tribe and the Northern Arapaho Tribe; the seventh-largest reservation in the U.S. by area). The Wind River reservation has substantial oil/gas activity and tribal-government enterprises. We perform tribal-government audits, federal subrecipient audits (BIA, IHS, HHS funding), and tribal enterprise audits for Wind River-affiliated entities.
Wyoming LLC, Trust & Trust Company Audits
Wyoming was the first U.S. state to enact LLC legislation (1977) and has built one of the most favorable trust and LLC environments in the country: no state income tax on trust income, robust asset-protection trust statutes (WY allows self-settled spendthrift trusts), 1,000-year dynasty trusts, broad decanting authority, strong charging-order protection for LLCs (including single-member LLCs), and substantial privacy provisions. WY hosts a substantial trust company industry centered in Cheyenne, Jackson, and Sheridan. While we do not serve as a trustee or audit WY trust companies directly, we coordinate income-tax planning between non-WY-resident grantors/beneficiaries and WY trust company arrangements, and prepare federal Form 1041 trust returns for WY-situs trusts.
Wyoming Nonprofit Audits
Audited financial statements for WY charities are routinely required by major Wyoming funders — including the Wyoming Community Foundation, the Hughes Charitable Foundation, the Tom Sanford Foundation, the Park County Community Foundation, the Community Foundation of Jackson Hole, the United Way affiliates, and federal subrecipient grantors.
Wyoming 401(k) & Employee Benefit Plan Audits
Wyoming 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 Wyoming, including plans sponsored by Wyoming oil/gas operators (Devon, ConocoPhillips, Chesapeake, EOG, Anadarko legacy, Ultra Petroleum, Kinder Morgan, Williams), Wyoming coal operators (Peabody Energy, Arch Resources, NACCO, Navajo Transitional Energy — the Powder River Basin is the largest U.S. coal-producing region), Cloud Peak Energy historical, Wyoming Refining, the Memorial Hospital of Sweetwater County, Banner Health Wyoming, the University of Wyoming, and Wyoming's substantial ranching and outfitter cooperatives.
Wyoming Single Audits (Uniform Guidance)
Wyoming nonprofits, counties, 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.
Wyoming Reviews & Compilations
Where a full audit is not required, we deliver review engagements (limited assurance) and compilations (no assurance) — both routinely accepted by Wyoming lenders (First Interstate Bank, Hilltop National Bank, Bank of Jackson Hole, Pinnacle Bank Wyoming) and stakeholders requiring CPA-prepared financial statements.
Wyoming (WY) Tax & Business Landscape
Key Wyoming Tax Numbers. Personal income tax: none — WY is one of nine states with no broad personal income tax. Corporate income tax: none — WY is one of only two states (with South Dakota) without both an individual and a broad corporate income tax. Sales and use tax: 4% state, plus county; combined typically 4%–6%. Estate tax: none. Pass-through entity (PTE) elective tax: none — WY has no individual income tax for the workaround to address. Severance taxes on minerals (coal, oil, natural gas, trona, uranium) and federal mineral royalties are substantial state revenue sources.
Filing Mechanics. WY residents and businesses generally file only federal returns (Form 1040 individuals, Form 1120 C-corps, Form 1065 partnerships, Form 1120-S S-corps) plus any other state returns where the taxpayer has nexus. WY itself has no individual or corporate income tax filing. WY businesses must register for sales tax and severance tax where applicable.
Wyoming LLC & Trust Law — A National Wealth Planning Hub. Wyoming was the first U.S. state to enact LLC legislation (in 1977), and has built one of the most favorable structures for both LLCs and dynasty trusts: no state income tax on trust income (substantial advantage for grantor-trust planning), strong asset-protection trust legislation (WY allows self-settled spendthrift trusts), 1,000-year dynasty trusts (effectively perpetual), broad decanting authority, directed trust provisions, robust LLC charging-order protection (WY was the first to extend charging-order protection to single-member LLCs), strong privacy provisions (no public disclosure of LLC members), and a respected WY trust company industry centered in Cheyenne, Jackson, and Sheridan. WY competes directly with South Dakota, Nevada, and Delaware for trust and LLC formations. We coordinate planning between non-WY-resident grantors/beneficiaries and WY arrangements, prepare federal Form 1041 returns for WY-situs trusts, and advise on Section 643(f) and ING (incomplete non-grantor) trust questions.
Jackson Hole — A High-Net-Worth Magnet. Jackson Hole (Teton County — Jackson, Wilson, Teton Village, Moose) is one of the most concentrated destinations for high-net-worth U.S. migration, particularly from California, New York, Illinois, and Massachusetts. Median home prices in Teton County are among the highest in the U.S., with a substantial seasonal HNW population and one of the highest per-capita incomes in any U.S. county. The combination of WY's no-state-income-tax structure, no estate tax, favorable LLC/trust law, and the Tetons-and-Yellowstone setting has made Jackson Hole a leading domicile-establishment destination. We help CA/NY/IL/MA-to-WY (Jackson Hole) movers establish unambiguous Wyoming domicile, sever continuing-residency claims from their prior states (especially aggressive states like California), structure asset transitions to minimize prior-state exit taxation on built-in gains, and integrate Wyoming's no-state-income-tax advantage into long-term planning.
Powder River Basin — #1 U.S. Coal Region. Northeastern Wyoming (Campbell, Converse, Sheridan, Johnson counties) sits over the Powder River Basin — the largest U.S. coal-producing region. Wyoming has been the #1 U.S. coal-producing state by tonnage for decades (over 40% of U.S. coal production in peak years). Major operators include Peabody Energy, Arch Resources, NACCO, and Navajo Transitional Energy. Wyoming is also a major oil and gas producer (Powder River Basin oil, the Greater Green River Basin, Niobrara, the Pinedale Anticline) and the world's largest producer of trona (sodium carbonate — Sweetwater County), substantial uranium reserves, and bentonite. Mineral tax issues include WY severance tax (varies by mineral), depletion (cost vs. percentage; small-producer percentage depletion under §613A), §263A capitalization, §1031 like-kind exchanges of working interests, royalty owner taxation (Schedule E with depletion), and SMCRA reclamation accounting.
Wyoming Economy & Who We Serve. Wyoming's economy spans minerals (#1 U.S. coal — Powder River Basin; major oil/gas; #1 world trona; uranium; bentonite), tourism (Yellowstone — the world's first national park; Grand Teton National Park; Jackson Hole Mountain Resort; Devils Tower; the Bighorns), ranching ("the Cowboy State" — substantial cattle ranching across the state), federal employment (F.E. Warren AFB ICBMs Cheyenne; substantial federal land management — BLM, USFS, NPS — Wyoming is roughly half federal land), trust and LLC services (Cheyenne, Jackson, Sheridan trust companies), and energy infrastructure (refineries, pipelines, NGL processing). Our typical WY clients include Jackson Hole HNW families and California/NY/IL/MA transplants, Powder River Basin coal/oil/gas professionals and royalty owners, F.E. Warren AFB military families, ranchers, real estate investors, WY LLC/trust beneficiaries, Yellowstone/Grand Teton outfitter and lodge operators, and high-net-worth families using WY as a domicile.
CPA Mobility in Wyoming. Wyoming 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 Wyoming Board of Certified Public Accountants mobility and firm registration requirements before commencing any engagement.
Cities and Communities We Serve. Our virtual-first practice serves clients across all of Wyoming, including Cheyenne (state capital; F.E. Warren AFB — ICBM base), Casper (oil/gas; Natrona County), Laramie (UW — University of Wyoming), Gillette (Powder River Basin coal capital), Rock Springs (oil/gas/trona; Sweetwater County), Sheridan, Jackson/Jackson Hole/Wilson/Teton Village (HNW; Yellowstone/Grand Teton gateway), Cody (Yellowstone east entrance; Buffalo Bill Center of the West), Buffalo, Riverton, Green River, Evanston, Pinedale, Lander, the Powder River Basin, the Wind River Indian Reservation, the Bighorn Mountains, the Wind River Range, the Tetons, and every Wyoming county.
Why Wyoming Clients Choose Us
- GAAS-compliant audit, review, and compilation experience for nonprofits, federal contractors (F.E. Warren AFB), tribal entities (Wind River), benefit plans, and privately held businesses
- Deep expertise in WY-specific issues: WY's federal-only tax structure (no state individual or corporate income tax), WY LLC and dynasty trust coordination (first U.S. LLC state; APT/charging-order/perpetual trust statutes), WY-situs Form 1041 trust returns, Jackson Hole high-net-worth residency planning for CA/NY/IL/MA transplants, Powder River Basin coal and oil/gas tax (severance, depletion, IDC, §1031), F.E. Warren AFB SCRA/MSRRA military residency, and WY ranching tax (Schedule F, livestock MACRS, §1031 ranch land exchanges)
- 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 WY tech-startup employees (WY also pioneered crypto-friendly banking with the SPDI charter)
- Technology-forward, virtual-first delivery — secure client portal, e-signature, and video consultations
- Transparent, fixed-fee engagements where possible — no surprise hourly invoices
Wyoming CPA — Frequently Asked Questions
Do I need a Wyoming-licensed CPA?
Wyoming 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 Wyoming Board of Certified Public Accountants firm-registration requirements before commencing attest engagements.
Does Wyoming have a state income tax?
No. Wyoming is one of nine U.S. states with no personal income tax and one of only two states (with South Dakota) that also has no corporate income tax. Wyoming imposes a 4% sales tax (plus local), substantial mineral severance taxes, and various excise taxes — but no broad-based income or corporate tax. Wyoming residents file only federal returns and any other states where they have nexus.
Why is Wyoming a leading LLC and dynasty trust jurisdiction?
Wyoming was the first state to enact LLC legislation (in 1977) and has built one of the most favorable U.S. structures for both LLCs and dynasty trusts: no state income tax (substantial advantage for trust income), strong asset-protection trust legislation (WY allows self-settled spendthrift trusts joining SD, NV, AK, and others), 1,000-year dynasty trusts (effectively perpetual), broad decanting authority, robust LLC charging-order protection (Wyoming was the first state to enact charging-order protection for single-member LLCs), strong privacy provisions (no public disclosure of LLC members), and a respected WY trust company industry centered in Cheyenne, Jackson, and Sheridan.
I moved from California to Jackson Hole. What residency planning do I need?
Jackson Hole (Teton County) has been one of the most concentrated destinations for high-net-worth California-to-low-tax-state migration in the U.S. — with median home prices among the highest in the country and a substantial seasonal HNW population. California is aggressive about claiming continuing residency under the FTB's "closest connections" test (factors include home location, time present, family, business interests, voter/vehicle registration, professional licenses, healthcare). We help CA-to-WY (Jackson Hole) movers establish unambiguous Wyoming domicile, sever California day-counting risk under the FTB six-month presumption, structure asset transitions to minimize CA exit taxation on built-in gains (especially relevant for liquidity events like business sales structured around the WY relocation), and integrate Wyoming's no-state-income-tax advantage into long-term planning. Similar planning applies for NY, IL, NJ, MA transplants.
I have Powder River Basin coal or oil/gas royalties. What special tax issues apply?
The Powder River Basin in northeastern Wyoming (Campbell, Converse, Sheridan, Johnson counties) is the largest U.S. coal-producing region, and WY is the #1 U.S. coal-producing state by tonnage. WY is also a major oil and gas producer. Royalty owner and operator issues include WY severance tax (varies by mineral), depletion (cost vs. percentage; small-producer percentage depletion under §613A), §263A capitalization, §1031 like-kind exchanges of mineral working interests, royalty owner taxation (Schedule E with depletion), reclamation obligations under SMCRA, and the specialized issues facing the U.S. coal industry given the secular decline in coal demand.
I'm a Wyoming rancher. What special tax issues apply?
Wyoming ranching ("the Cowboy State") involves specialized federal tax issues: Schedule F farm reporting, livestock depreciation under MACRS (cattle held for breeding/dairy purposes generally 5-year MACRS), conservation easements under IRC §170(h), Section 1031 like-kind exchanges of ranch land, IRC §1301 farm income averaging, Section 2032A special-use valuation for estate tax purposes, federal grazing-permit treatment (BLM and USFS allotments are common in WY), and federal farm-program payment treatment. WY's no-state-income-tax structure simplifies the planning compared to most states.
Do you serve Wyoming clients outside Cheyenne?
Yes. Our practice is virtual-first, so we serve clients across all of Wyoming — including Cheyenne (state capital; F.E. Warren AFB — ICBM base), Casper (oil/gas; Natrona County), Laramie (UW), Gillette (Powder River Basin coal), Rock Springs (oil/gas/trona), Sheridan, Jackson Hole/Teton County (HNW; Yellowstone/Grand Teton gateway), Cody (Yellowstone east entrance), Buffalo, Riverton, Green River, Evanston, the Powder River Basin, the Wind River Indian Reservation (Eastern Shoshone and Northern Arapaho tribes), the Bighorn Mountains, and rural Wyoming's ranching communities.