New Hampshire Has No Income Tax.
The Business Profits Tax Is a Different Story.
From Portsmouth's professional services firms to Nashua's MA-border IT companies to Manchester's manufacturers — NH businesses face tax complexity that most owners do not see coming until it is already expensive.
Serving: Portsmouth · Manchester · Nashua · Concord · Dover · Exeter · Laconia · Conway
What We Do in New Hampshire
Bookkeeping
Clean books, monthly close, job costing for contractors
Payroll
NH and MA border payroll compliance
Controller
Monthly close, BPT/BET planning, margin analysis
CFO Services
Growth modeling, acquisition prep, exit planning
Tax Planning
BPT apportionment, MA nexus, entity structure
Tax Resolution
NH DRA audits, back filings, penalty abatement
The whole financial picture
From clean books to CFO strategy — one connected team
Whether your New Hampshire business needs day-to-day bookkeeping, proactive tax planning, reliable monthly reporting, or fractional CFOstrategy, we handle it as one connected system — not a bookkeeper, a tax preparer, and an advisor who never talk to each other. We meet you where you are and grow with you.
Bookkeeping
Clean, current books
Tax
Proactive planning & filing
Controller
Reliable reporting
CFO
Strategy & forecasting
And all of it delivered remotely. A New Hampshire business gets the full range of our services — and the same depth as a local firm — without anyone ever needing to come into an office. About 80% of our clients run the whole relationship this way.
Quick answer
Does New Hampshire really have no income tax — and what do businesses pay instead?
As of January 1, 2025, New Hampshire has no personal income tax of any kind— the old Interest & Dividends tax was fully repealed — and no sales tax. But businesses still owe two taxes: the Business Profits Tax (BPT) at 7.5% on taxable profits, and the unusual Business Enterprise Tax (BET) at 0.55%on your enterprise base (compensation plus interest and dividends paid) — which can bite even when profits are thin. Because there's no owner-level income tax, there's no PTET to elect; planning here is federal-first, plus managing the BPT/BET and Massachusetts-border nexus.
Real Scenarios. Real Outcomes.
These are the situations we see most often with New Hampshire businesses — and what changes when the financial foundation is built right.
When the Bank Says No — And the Books Are Why
What This Unlocks
Clean financials unlock things that messy books never can: a readable P&L that shows true profitability, a balance sheet that supports a credit application, and a business that looks like what it actually is. The work is the same. The financial picture is completely different.
Here is a situation we see regularly with small contractors along the Seacoast and in the Manchester corridor. A landscaping company at $220K in revenue — profitable, busy, and growing. The owner has been in business for three years. He needs a $45K line of credit to cover equipment and payroll through the winter. The bank says no.
The Problem
The reason is not the business. The business is doing fine. The reason is the books. Personal and business expenses are mixed. The P&L shows uneven revenue because some deposits were coded as owner contributions and some were not. There is no clear picture of what the business actually earns. From a lender's perspective, it looks like a hobby, not a company.
The Books Looked Fine. They Weren't.
What This Unlocks
A cheaper bookkeeper records what happens. A good one understands what it means — and knows the difference between a capital contribution and revenue, between an asset purchase and an expense. That distinction alone is often worth more than several years of bookkeeping fees.
We regularly see this: a business has been with a cheaper bookkeeping service for years. On the surface the books look okay — revenue is recorded, expenses are categorized, reports arrive on time. The owner has no reason to think anything is wrong.
The Problem
Review the books in detail, though, and two problems show up again and again. First, owner capital contributions get coded as revenue — inflating taxable income and making the owner pay federal income tax on money that was already their own. Second, major equipment purchases get coded as owner contributions rather than fixed assets, so there's no depreciation schedule, no Section 179 deduction, and thousands of dollars in legitimate write-offs that never happen. An owner in this spot can end up preparing to write a check to the IRS for taxes they don't actually owe. They don't have to.
From $350K to $1.8M — Without the Owner Doing Everything
What This Unlocks
What the path to $1.8M looks like when the financial systems keep pace: margin by client and service type, a monthly P&L the owner can actually read, and controller-level oversight that lets him delegate with confidence. By year three, the owner is not managing every ticket — he is managing the business.
Here is what an IT managed services company in the Nashua corridor often looks like at $350K in revenue. The owner is handling every client relationship, every service call, and every invoice. The business is profitable — but only because he is working 55-hour weeks. He cannot take time off. He does not know which clients are actually profitable.
The Problem
The financial system at $350K is usually the same one that worked at $100K: a bank account, a credit card, and a bookkeeper who reconciles once a month. That system does not tell you your margin by client or service type. It does not tell you that your managed services contracts are running 44% margin while your break-fix work is running 12%. It does not give you the data to hire a service manager and trust him with the numbers.
When the Offer Comes, You Have 3 Weeks or 9 Months
What This Unlocks
Businesses that are built with controller-level financial systems from the start are acquisition-ready before the call ever comes. The books are clean. The EBITDA is defensible. The story is clear. That is not luck — it is what good financial infrastructure makes possible.
New Hampshire's I-93 corridor from Manchester to Portsmouth is seeing real M&A activity in professional services, IT, and specialty trades. PE-backed rollups and strategic buyers are actively looking at businesses in the $1M-$10M revenue range. When the call comes, they move fast.
The Problem
Most small business owners are not ready. Not because the business is not valuable — it is. But because the books were built for tax compliance, not for a buyer's due diligence process. A buyer needs 3 years of clean, auditable financials, an adjusted EBITDA calculation with documented add-backs, and a chart of accounts that makes sense to someone who has never worked in your business. When that is not in place, due diligence that should take 3 weeks takes 9 months — and deals fall apart in the gap.
New Hampshire Tax at a Glance
No Income Tax, No Sales Tax — but Two Business Taxes
As of 2025 New Hampshire has zero income tax of any kind and no sales tax — but businesses still owe the BPT and the unusual BET.
No sales tax either. BET paid is creditable against the BPT. Confirm current rates and filing thresholds with the NH DRA.
Where We Work
New Hampshire Regional Breakdown
Seacoast
Portsmouth, Dover, Durham, Exeter, Hampton
Professional services, hospitality, tourism, relocation businesses
Manchester / Merrimack Valley
Manchester, Bedford, Goffstown, Hooksett, Londonderry
Manufacturing, healthcare, professional services, distribution
Nashua / Southern NH
Nashua, Merrimack, Hudson, Milford, Amherst
IT, managed services, professional services, MA border businesses
Concord / Lakes Region
Concord, Bow, Laconia, Meredith, Tilton
Government, healthcare, tourism, seasonal businesses
North Country / White Mountains
Conway, Berlin, Gorham, Littleton, Lancaster
Tourism, outdoor recreation, hospitality, trades
Common Questions
New Hampshire Business Owner FAQs
NH has no income tax. Why do I still have a big state tax bill?
New Hampshire has no tax on wages or salary, but it does have the Business Profits Tax (BPT) at 7.5% on net business income and the Business Enterprise Tax (BET) at 0.5% on enterprise value. For profitable businesses, these add up quickly — and most owners are not planning around them.
I work in Massachusetts but live in New Hampshire. How does that affect my taxes?
This is one of the most common situations we see in southern NH. MA taxes income earned in MA regardless of where you live. If you are a W-2 employee working in MA, your employer withholds MA taxes. If you are a business owner with MA clients, you may have MA nexus. We help you understand the exposure and structure it correctly.
What is the BPT apportionment formula and does it apply to my business?
NH uses a single-sales-factor apportionment formula for the BPT. If you have sales in multiple states, only the NH-sourced portion is subject to BPT. Many NH businesses with out-of-state customers are over-apportioning to NH and overpaying. We review the apportionment calculation as part of our tax planning work.
What does a Controller engagement cost for a NH business?
Controller services typically run $1,500-$4,500/month depending on complexity, transaction volume, and whether you need multi-entity or multi-state work. We scope it after a discovery call.
We are a contractor in the Seacoast area. Do you do job costing?
Yes — job costing for contractors is one of our core services. We set up the chart of accounts, the cost codes, and the reporting so you know your margin on every project before the final invoice goes out.
Who You’re Actually Working With
Two founders who’ve sat on both sides of your financials
You aren’t handed off to a junior bookkeeper. You work directly with the people whose names are on the door — and their backgrounds are exactly the ones a growing business needs in its corner.
Carrie Anderson
Co-Founder · The Lender’s Eye
A former commercial banker and underwriter who personally reviewed 300+ business loans. She knows exactly how a bank reads your financials to decide what you can borrow — because she used to be the one reading them. That’s why our clients’ books come out lender-ready, not just tax-ready.
Jason Anderson
Co-Founder · The Operator’s Eye
A big-firm-trained accountant with a lifelong passion for processes, efficiency, and Six Sigma— made practical, not academic. He builds the job costing, tax strategy, and systems that let a company actually see where its money goes and scale without the wheels coming off.
Both spent years in the oil & gas industry, and both design financial systems from a whole-company view— not just an accounting lens. You get a firm that reads your numbers like a lender and builds systems like an operator.
Meet the teamRemote, and better for it
You’re in New Hampshire. We’re in Montana.Here’s why that’s an advantage.
The best accountant for your business almost certainly isn’t the one with the nearest office. Modern accounting runs on cloud books, a secure portal, screen-share, and video — so the relationship is built on expertise and responsiveness, not drive time. A great remote firm beats an okay local one every single time.
About 80%of even our own local Montana clients run the entire relationship remotely — and never come into the office. Working with New Hampshire businesses is exactly the same.
Cloud books, always on
Your numbers live in the cloud — you can see them any time, not just at tax season.
Real conversations
Scheduled video reviews and screen-shares where we walk through the numbers together.
Secure document portal
Send and sign everything safely — no dropping off a shoebox of receipts.
Same-day responsiveness
You get faster answers from us by email and call than from most firms down the street.
Start With a Number, Not a Sales Call
Not ready to talk to anyone yet? Fair. See where your New Hampshire business stands first — each takes just a few minutes and costs nothing.
Ready to Build Financial Infrastructure for Your New Hampshire Business?
Whether you are a contractor on the Seacoast, an IT firm in Nashua, or a manufacturer in Manchester — we build the financial systems that let you scale without the chaos.