North Dakota · Low income tax, energy and agriculture
CPA, bookkeeping & fractional CFO services in North Dakota
North Dakota has one of the lowest personal income taxes in the country and an economy driven by energy production in the Bakken and large-scale agriculture. CPA Torrance is a CPA-led firm based in Torrance, California that provides bookkeeping, tax planning, tax filing and fractional CFO support to North Dakota businesses remotely.
- Serving all of North Dakota remotely
- North Dakota Form 40, 58 and 60 tracked for you
- Monthly reporting included
In short
What taxes do North Dakota businesses pay?
North Dakota taxes pass-through income at the owner level under a low personal income tax, with many lower-income taxpayers owing little or nothing, and taxes C corporations under the corporate income tax. Sales tax is 5% at the state level plus city rates.
- State income tax
- Low graduated
- State sales tax
- 5% + local
- Key business tax
- Corporate income tax
- How we serve
- Remotely, statewide
Services in North Dakota
What we do for North Dakota business owners
From Fargo and Bismarck professional firms to oilfield service companies in the west and farm operations statewide, North Dakota owners need organized books and planning. We provide monthly bookkeeping, federal and North Dakota tax planning, filings and CFO reporting from one coordinated team.
Bookkeeping Services
- Monthly reconciliations in QuickBooks Online
- North Dakota state and local sales tax tracking
- Payroll and contractor payment review
- Monthly profit and loss and balance sheet
- Catch-up and clean-up bookkeeping
Tax Planning & Strategy
- Entity and S corporation review
- North Dakota PTE election review
- Federal and state estimated payments
- Multi-state income review
- Year-end tax planning meeting
Tax Filing & Compliance
- Federal business returns (1120, 1120S, 1065)
- North Dakota Form 40, 58 and 60 returns
- Owner individual returns
- IRS and state notice help
- Due-date tracking for every filing
Fractional CFO Services
- Cash-flow forecasts
- Budget versus actual reviews
- Margin and pricing analysis
- Lender- and investor-ready reporting
- Growth and hiring plans
North Dakota tax planning
Planning around North Dakota taxes
North Dakota planning combines low state rates, energy and agriculture rules and federal planning.
Book a 15-min callOilfield services
Equipment-heavy businesses need depreciation and cash planning around energy cycles.
Farm accounting
We handle farm income, equipment and inventory for North Dakota agriculture.
Federal-first planning
With low state rates, federal entity and retirement planning drive most savings.
Who we work with
North Dakota industries we serve
We work with owner-led businesses across North Dakota, with experience in the industries that drive the state economy.
Energy services
Oilfield suppliers in the Bakken.
Agriculture
Farms and agribusinesses.
Manufacturing
Equipment and agricultural machinery makers.
Healthcare
Practices and clinics across the state.
E-commerce sellers
Online brands with North Dakota sales tax, inventory and multi-channel books.
Professional firms
Consultants, agencies and law firms billing by the hour, project or retainer.
Why North Dakota businesses choose CPA Torrance
Areas we cover
Serving businesses across North Dakota
Businesses in Fargo, Bismarck, Grand Forks, Minot, West Fargo work in energy, agriculture, manufacturing, healthcare and finance. CPA Torrance helps North Dakota businesses, including those owned from out of state, stay compliant and organized through remote meetings.
- Fargo
- Bismarck
- Grand Forks
- Minot
- West Fargo
- Williston
- Dickinson
- Mandan
- Video meetings on your schedule
- Secure document portal for statements and returns
- Cloud accounting you can see any time
FAQ
North Dakota business tax and accounting questions
Not covered here? A 15-minute call gets you a straight answer for your situation.
What financial services can CPA Torrance provide to North Dakota businesses?
We provide monthly bookkeeping, federal and North Dakota tax planning, business tax filing and fractional CFO services. Everything runs from one set of books, so your bookkeeper, CPA and CFO advisor work from the same numbers.
Does North Dakota have a pass-through entity tax?
North Dakota has adopted an elective pass-through entity tax. We check whether it applies and helps.
Are North Dakota income tax rates low?
Yes. North Dakota has some of the lowest personal income tax rates in the country after recent reforms.
Do North Dakota cities add sales tax?
Many cities add a local rate to the 5% state rate.
Can CPA Torrance work with North Dakota businesses remotely?
Yes. We serve businesses across North Dakota, including Fargo, Bismarck, Grand Forks, Minot, West Fargo, Williston, Dickinson and Mandan, through video meetings, a secure document portal and cloud accounting you can see any time. Our office is in Torrance, California.
How do I get started?
Book a 15-minute call or request a free financial assessment. We review your books, tax position and systems and recommend the right mix of support for your North Dakota business.
Get your North Dakota books and taxes in order.
Book a call to review bookkeeping and tax planning for your North Dakota business.