New hampshire tax Business Forms

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Commonly Asked Questions about New hampshire tax Business Forms

Do I have to file a NH business tax return?

Organizations operating a unitary business must use combined reporting in filing their NH return. Every business organization with gross business income from all business activities of more than $50,000 must file a BPT return.

Who must file NH 1120?

All business organizations, including single member Limited Liability Companies (SMLLC), taxed as a corporation federally must file a Form NH-1120 return provided they have conducted business activity in New Hampshire and their gross business income from everywhere is in excess of $103,000 (for taxable periods

What taxes do businesses pay in New Hampshire?

What is the Business Profits Tax (BPT)? For taxable periods ending on or after December 31, 2023, a 7.5% tax is assessed on income from conducting business activity within the State of New Hampshire.

What is the employer tax rate in NH?

The New Hampshire new employer tax rate is 2.7 % Minus any Fund Reduction or Plus any Emergency Power Surcharge in place for the applicable quarter.

Where can I get NH tax forms?

To request forms, please email forms@dra.nh.gov or call the Forms Line at (603) 230-5001. If you have a substantive question or need assistance completing a form, please contact Taxpayer Services at (603) 230-5920.

What taxes do businesses pay in NH?

New Hampshire business profits tax Companies that operate in New Hampshire are charged a business profits tax (BPT) on any income from business conducted in the state. In 2023, the BPT rate is 7.6% of all New Hampshire gross income over $92,000. This rate will drop to 7.5% after the year ends.

What is business enterprise tax in New Hampshire?

For taxable periods ending on or after December 31, 2022, a 0.55% tax is assessed on the enterprise value tax base, which is the sum of all compensation paid or accrued, interest paid or accrued, and dividends paid by the business enterprise, after special adjustments of RSA 77-E:3 and apportionment of RSA 77-E:4.

How are LLCs taxed in New Hampshire?

Single-member LLCs (SMLLCs) are taxed like sole proprietors by default, and multi-member LLCs are taxed as general partnerships. Unless members elect to choose different status, LLCs are pass-through entities, meaning revenue passes through and is paid by members on personal income tax returns.