How to Become a CPA in New Hampshire

Getting a CPA license in New Hampshire is a great step towards contributing to the economy of this little New England state. The population of New Hampshire is 1,342,795 placing it 41st in the national rankings for the number of residents. The per capita personal income average in 2017 was $59,668. That is a bit over the national average. The top exports from New Hampshire include manufactured products like aircraft, machine tool parts, cell phones, and parts, fiber optic cables and computer modems and other transmitters. Agriculture is not among the top 10 industries or exports of New Hampshire, in part because of the incredibly short growing season.

The single largest industry in New Hampshire was finance and accounting for $19.32 billion of the state’s $80.5 billion gross domestic product. If New Hampshire’s economy is good enough for Timberland boots, Stonyfield Yogurt, and Segway Scooters, it could be a great place to be a CPA. After all, manufacturing shoes are scooters are not even catching up to the success of being a certified public accountant in this New England state, maybe it is time you got the degree you need to become a CPA. 

You can find New Hampshire in New England, bordering Canada’s Quebec as well as the states of Massachusetts, Vermont, Maine, and the Atlantic Ocean. The biggest city in the State of New Hampshire is Manchester, and the capital is Concord. This state is known for having no general sales tax; it also does not tax personal income, except for dividends and interest. Their nickname is “the granite state,” which calls into light the magnificent formations of granite and quarries. Some also refer to New Hampshire as the White Mountain State, which speaks to their mountain ranges that are bigger than any other in the eastern part of the country. Many people travel to New Hampshire in the Winter for snow sports tourism such as skiing and snowmobiling So for the vacationing empty nesters, perhaps a skiing holiday is on the list of mid-life shopping spree items. Their motto is “Live Free or Die.” Their state flag is a simple blue with the state seal right in the center with prominent yellows and blues.

New Hampshire Accounting Programs

There are five accredited, 4-year schools in New Hampshire that offer accounting degrees. Franklin Pierce University offers an Associate degree Accounting, an undergraduate Certificate in Accounting, and a Bachelor of Science degree in Accounting. New England College is located in Henniker and offers a Master of Science in Accounting degree. Plymouth State University is located in Plymouth, NH and offers a Bachelor of Science in Accounting program. Saint Anselm College is Liberal arts college located in Manchester. They offer a bachelor’s degree in Accounting. Southern New Hampshire University is a well-known university in Manchester, that has dozens of highly accessible online and alternative learning programs at all degree levels. For accounting students, SNHU offers an MBA in Accounting, an International MBA in Accounting, a Master of Science degree in Accounting, a Bachelor of Science degree in Business Studies and Accounting, a Bachelor of Science degree in Accounting, Associate of Science degree in Accounting. The University of New Hampshire has campuses in Durham, Manchester, and Concord. Between the three, they offer a Bachelor of Science degree in Business Administration with a focus in Accounting and a Master of Science in Accounting.

For those students who are interested in getting a Certified Public Accounting license in New Hampshire, but who do not have a background in accounting, a 2-year or community college degree in accounting may be the best option. There are 9 community colleges for students in New Hampshire. These are sprinkled throughout the state and offer various certificates, advanced certificates, and associate’s degrees in business and accounting.

Becoming a CPA in New Hampshire

In New Hampshire there is no age requirement to become a CPA, nor is there a requirement that the applicant must be a citizen or have residency in New Hampshire. Applicants must, however, have a social security number to qualify for licensure. There is an education requirement of 150 hours, which includes a bachelor’s degree and beyond, and an accounting concentration. New Hampshire participates in the International Examination Program, meaning students from other countries are able to test out of these requirements in the state if they have completed equivalent degree study in their country of origin. There is a requirement that the accounting credits at least three credit hours in each of the following subjects: management accounting, internal auditing, taxation, and financial accounting.

In New Hampshire, there are slightly different requirements to sit for the CPA exam then to become licensed as a CPA. In order to sit for the CPA, exam students must have a total of 120 credit hours, which is the equivalent of a bachelor’s degree with a concentration in accounting. Thirty semester hours must be specified in accounting. There is no Ethics Exam requirement in the state of New Hampshire. The Experience requirements include two years of consistent experience following the achievement of a bachelor’s degree. A master’s degree is also is also an option if it’s achieved in one of the following subjects: taxation, finance, accounting, business, and administration, which equals one year of experience. An additional year of experience can be granted in the field of public accounting and/ or working within government agencies.

CPAs in New Hampshire and their Post Licensure Requirements

The Post Licensure Requirements for CPAs in the state of New Hampshire include 120 hours of Continuing Professional Education over the course of two years, and 20 hours is the minimum per year. There is an additional requirement for Ethics programming that adds up to 4 hours. No other subject areas are required. Every CPA in the state of New Hampshire must renew their license triennially on June 30. The system is a little unique, as far as other states go. If your last name begins with A-F renewal is 2017, G-M is 2015, and N-Z is 2016. The CPE reporting period is July 1-June 30 every three years. There are some credit limitations that can be easily overlooked, so listen up, dear CPAs: if you are an academic instructor, you can achieve CPE credits for instruction, however, this is limited to 50 percent of the total hours. Similarly, authorship credits can be granted for published material, but also only up to 50 percent of the total hours.

For those CPAs who are academic instructors, credit is granted for time spent presenting, as well as up to double that time in preparation to facilitate. If the material used to present is changed significantly, the possibility is there to gain credit for repeat presentations. If as after becoming a CPA you choose to return to school, to earn a postgraduate degree in a niche field of finance or accounting you can receive up to 15 CPE hours per semester of credited classes. If your taking non-credit classes, don’t fret, because, for every hour spent in the classroom, one qualifying hour will be granted. Sixty credit hours is the maximum that can be brought from one period of reporting to the next period. Hours that are carried over may not be used to meet the annual minimum for ethics requirements. Programs offered by the National Registry sponsors can be accepted by the state of New Hampshire for CPE credits.