Vermont · Graduated income tax, small business state
CPA, bookkeeping & fractional CFO services in Vermont
Vermont has a graduated personal income tax with a high top rate and an economy of small businesses in tourism, agriculture, craft food and outdoor recreation. CPA Torrance is a CPA-led firm based in Torrance, California that provides bookkeeping, tax planning, tax filing and fractional CFO support to Vermont businesses remotely.
- Serving all of Vermont remotely
- Vermont BI-471, CO-411 and meals and rooms tax tracked for you
- Monthly reporting included
In short
What taxes do Vermont businesses pay?
Vermont taxes pass-through income at the owner level under its graduated personal income tax, and many entities pay a minimum business tax. Restaurants and lodging collect the meals and rooms tax, and some towns add local option taxes.
- State income tax
- Graduated (high top rate)
- State sales tax
- 6% + local option
- Key business tax
- Business income tax, meals and rooms tax
- How we serve
- Remotely, statewide
Services in Vermont
What we do for Vermont business owners
From Burlington professional firms to ski-area hospitality businesses and dairy farms, Vermont owners need careful high-rate planning and seasonal cash management. We provide monthly bookkeeping, federal and Vermont tax planning, filings and CFO reporting from one coordinated team.
Bookkeeping Services
- Monthly reconciliations in QuickBooks Online
- Vermont sales and meals and rooms 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
- Vermont 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)
- Vermont BI-471, CO-411 and meals and rooms tax 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
Vermont tax planning
Planning around Vermont taxes
Vermont planning combines high top rates, meals and rooms tax, seasonal cash flow and federal planning.
Book a 15-min callMeals and rooms tax
We separate meals, lodging and goods so each is taxed correctly.
Seasonal businesses
Ski and summer businesses need estimated tax and cash planning around peak seasons.
High-rate planning
Entity, retirement and PTE planning matter more with Vermont high top rates.
Who we work with
Vermont industries we serve
We work with owner-led businesses across Vermont, with experience in the industries that drive the state economy.
Tourism and ski areas
Lodging, restaurants and outdoor businesses.
Dairy and agriculture
Farms and food producers.
Craft food and beverage
Breweries, cheesemakers and specialty food.
Healthcare practices
Medical and dental practices.
E-commerce sellers
Online brands with Vermont sales tax, inventory and multi-channel books.
Professional firms
Consultants, agencies and law firms billing by the hour, project or retainer.
Why Vermont businesses choose CPA Torrance
Areas we cover
Serving businesses across Vermont
Businesses in Burlington, South Burlington, Rutland, Montpelier, Barre work in tourism, agriculture, craft food and beverage, healthcare and manufacturing. CPA Torrance helps Vermont businesses, including those owned from out of state, stay compliant and organized through remote meetings.
- Burlington
- South Burlington
- Rutland
- Montpelier
- Barre
- Brattleboro
- Stowe
- Essex
- Video meetings on your schedule
- Secure document portal for statements and returns
- Cloud accounting you can see any time
FAQ
Vermont 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 Vermont businesses?
We provide monthly bookkeeping, federal and Vermont 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 Vermont have a pass-through entity tax?
Vermont has adopted an elective pass-through entity tax. We check whether it applies and helps.
What is the Vermont meals and rooms tax?
It is a tax on restaurant meals, alcohol served and short-term lodging, collected by the business.
Do Vermont towns add sales tax?
Some towns add a local option tax to state sales and meals and rooms taxes.
Can CPA Torrance work with Vermont businesses remotely?
Yes. We serve businesses across Vermont, including Burlington, South Burlington, Rutland, Montpelier, Barre, Brattleboro, Stowe and Essex, 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 Vermont business.
Get your Vermont books and taxes in order.
Book a call to review bookkeeping and tax planning for your Vermont business.