1-800Accountant, America’s leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services handled by experts designed to help your business flourish in the unique Alaskan market.
Business Tax Preparation: Have your taxes prepared and filed by a CPA with familiarity and expertise in Alaskan industries, so you're always confident about your business tax situation. Our CPAs, with more than 17 years of experience on average, will minimize your tax burden when you entrust them to help you navigate the nuances of Alaska’s complex business tax environment!
Bookkeeping: Fortify your financial foundation and manage cash flow with precise, error-free bookkeeping that saves valuable time and delivers critical data-driven insights. This thorough approach provides optimal tools for data interpretation with easy-to-understand reporting, enabling your accountant to create essential financial models.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business CPA. Strategic planning helps minimize your business tax liabilities in Alaska throughout the year while ensuring compliance.
Payroll: Conserve hours each payroll period with our comprehensive payroll service handled for you, with regular tax submissions to the state of Alaska, ensuring accuracy and allowing you to concentrate on other critical business operations.
Business Formation: Enjoy the benefits of officially establishing your business in Alaska with our complimentary incorporation services. Cover only the necessary state fees, and we will take care of the rest. Officially forming your Alaskan business puts you on a path to hire employees, create a business bank account, and the optimization of your taxes for maximum savings.
Alaska Corporate Tax Rates and Brackets
Corporate Tax Rate | Corporate Tax Bracket |
---|---|
0% | $0 |
2.00% | $25,000 |
3.00% | $49,000 |
4.00% | $74,000 |
5.00% | $99,000 |
6.00% | $124,000 |
7.00% | $148,000 |
8.00% | $173,000 |
9.00% | $198,000 |
9.4% | $222,000 |
When Do You Have to File Business Tax Returns in Alaska?
Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
---|---|---|
The 15th day of the fourth month following the close of the taxable year | May 15, 2024 | The 15th day of the fourth month following the close of the taxable year |
LLC Renewal Dates and Fees in Alaska
How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
---|---|---|
Every two years | $250 | $100 |
Single Filers - Alaska Tax Rates and Brackets
Single Filer Rates | Single Filer Brackets |
---|---|
none | none |
Single Filers - Alaska Exemptions and Deductions
Standard Deduction (Single) | Personal Exemption (Single) |
---|---|
n.a. | n.a. |
Married Filing Jointly - Alaska Tax Rates and Brackets
Married Filing Jointly Rates | Married Filing Jointly Brackets |
---|---|
none | none |
Married Filing Jointly - Alaska Exemptions and Deductions
Standard Deduction (Couple) | Personal Exemption (Couple) |
---|---|
n.a. | n.a. |
When choosing an accountant or bookkeeper for your in Alaskan small business, you should consider the following factors:
Familiarity with Remote and Rural Challenges: Choose a professional who understands the unique logistical and economic challenges faced by businesses operating in remote and rural areas of Alaska.
Expertise in Alaskan Tax Benefits: Ensure your accountant is knowledgeable about state-specific tax regulations, including no state sales tax or income tax, and how these might benefit your operations.
Experience with Natural Resources Industries: If you conduct business in one of Alaska’s dominant industries, such as oil, gas, or fishing, select a professional with experience in addressing financial and regulatory issues unique to these industries.
Proficiency in Federal Funding and Grants: Due to Alaska's unique economic structure, several industries are reliant on federal support. This is why it is critical to work with financial professionals adept at managing and reporting on federal funding and grants.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.