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Business

Don’t Have A Tax-Favored Retirement Plan? Set One Up Now

April 9, 2024

Explore tax-favored retirement plans for your business in 2024, including SEP-IRAs and 401(k)s, to maximize deductions and savings.

President Biden’s Proposed Budget Highlights His Tax Agenda

March 21, 2024

An overview of the major tax proposals included in the 2025 President Biden budget.

Independent Contractor Vs. Employee Status: The Dol Issues New Final Rule

March 19, 2024

Learn the new U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for purposes.

What’s The Best Accounting Method Route For Business Tax Purposes?

February 15, 2024

Learn more about what is the best accounting method route for business tax purposes.

9 Tax Considerations If You’re Starting A Business As A Sole Proprietor

February 8, 2024

Nine tax considerations to consider if you’re launching a venture as a sole proprietorship, Best New Hampshire Certified Public Accounting firm

The IRS Unveils ERTC Relief Program For Employers

January 19, 2024

Learn more about the IRS new ERTC relief program for employers.

2024 Q1 Tax Calendar: Key Deadlines For Businesses And Other Employers

January 4, 2024

Learn some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024

Does Your Business Have To Comply With The New Corporate Transparency Reporting Rules?

December 13, 2023

Your business may soon have to meet new reporting requirements that take effect on January 1, 2024 under the Corporate Transparency Act (CTA).

There Still May Be Time To Reduce Your Small Business 2023 Tax Bill

December 6, 2023

Don’t forget to consider these steps to cut the 2023 tax liability for your business. You still have time to take advantage of a few opportunities.

5 Strategies To Cut Your Company’s 2023 Tax Bill

December 1, 2023

Below are five strategies — including some tried-and-true and others particularly timely — that you can execute before the turn of the new year to minimize your company’s tax liability.

Choosing A Business Entity: Which Way To go?

November 7, 2023

If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Learn more.

Irs Offers A Withdrawal Option To Businesses That Claimed Ertcs

October 31, 2023

Learn about IRS warnings about about The Employee Retention Tax Credit (ERTC) a new process that certain employers can use to withdraw their claims.

What Types Of Expenses Can’t Be Written Off By Your Business?

October 18, 2023

We explore various business expenses that can't be written off according to the Internal Revenue Code.

2023 Q4 Tax Calendar: Key Deadlines For Businesses And Other Employers

September 26, 2023

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023.

IRS Suspends Processing Of ERTC Claims

September 22, 2023

In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit.

IRS Issues Guidance On New Retirement Catch-Up Contribution Rules

September 12, 2023

Learn the latest IRS guidance on new retirement catch-up contribution rules, with implications for both employers and employees.

The IRS Warns Businesses About ERTC Scams

August 18, 2023

Those that claim the ERTC improperly could find themselves in hot water with the IRS and face cash-flow problems as a result. Here’s what you need to know to reduce your risks.

Corporate Officers or Shareholders: How Should You Treat Expenses Paid Personally?

July 18, 2023

If you play a major role in a closely held corporation, you may sometimes spend money on corporate expenses personally. Learn how they are treated.

Starting a Business? How Expenses Will be Treated on your Tax Return

July 11, 2023

If you’re starting or planning to launch a new business, here are three expense rules to keep in mind...

Traveling for Business this Summer? Here’s What You can Deduct

June 13, 2023

Learn what expenses can be deducted for employee business travel this summer.

Retirement saving options for your small business: Keep it simple

April 24, 2023

If you’re thinking about setting up a retirement plan for yourself and your employees...

Have employees who receive tips? Here are the business tax implications...

February 8, 2023

Many businesses in certain industries employ individuals who receive tips as part of their compensation...

The Standard Business Mileage Rate Is Going Up In 2023

January 9, 2023

The optional standard mileage rate used to calculate the tax-deductible cost of operating an automobile for business will be going up in 2023...

Choosing A Business Entity? Here Are The Pros And Cons Of A C Corporation

December 7, 2022

Here is a summary of the major advantages and disadvantages of doing business as a C corporation...

Act Now To Reduce Your Business’s 2022 Tax Bill

November 15, 2022

Regardless of how your company has fared so far in 2022, there’s still time to make moves that may reduce your federal tax liability...

What Local Transportation Costs Can Your Business Deduct?

October 18, 2022

Learn what business local transportation costs each year are deductible and how our CPA firm can help...

Why An LLC Might Be The Best Choice Of Entity For Your Business

August 19, 2022

The business entity you choose can affect your taxes, your personal liability and other issues...

Businesses: Act Now To Make The Most Out Of Bonus Depreciation

July 22, 2022

The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers...

N.H. Businesses With Employees Who Receive Tips May Be Eligible For A Tax Credit

January 17, 2022

If your N.H. business pays FICA taxes on tip income paid to your employees...

Does Your N.H. Business Provide A Company Car? Here’s How Taxes Are Handled

December 20, 2021

The use of a company vehicle is a valuable fringe benefit for owners and employees of small New Hampshire businesses...

N.H. Small Businesses: There Still May Be Time To Cut Your 2021 Taxes

December 6, 2021

Don’t let the holiday rush keep you from considering some important steps to reduce the 2021 tax liability...

Potential Tax Law Changes Hang Over 2021 Year-End Tax Planning For Individuals

November 22, 2021

While we wait to see which tax provisions are ultimately included in the Build Back Better Act (BBBA)...

The Infrastructure Investment And Jobs Act Includes Tax-Related Provisions You’ll Want To Know About

November 15, 2021

Learn the latest Infrastructure and Jobs Act (IIJA) tax provisions impacting NH businesses...

Get Your Piece Of The Depreciation Pie Now With A Cost Segregation Study

October 20, 2021

If your New Hampshire business is depreciating over a 30-year period the entire cost of constructing...

Tax Depreciation Rules For N.H. Business Automobiles

September 21, 2021

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions...

PPP Forgiveness And Repayment: What N.H. Businesses Need To Know Now

July 26, 2021

A critical deadline is approaching for many of the New Hampshire businesses that have received loans...

Getting A New N.H. Business Off The Ground: How Start-up Expenses Are Handled On Your Tax Return

July 21, 2021

N.H. entrepreneurs often don’t know that many of the expenses incurred by start-ups...

Eligible N.H. Businesses: Claim the Employee Retention Tax Credit

July 15, 2021

Here is what N.H businesses should know about the Employee Retention Tax Credit (ERTC) rules...

The Coronavirus Aid Relief and Economic Security Act (CARES) With Comments

March 30, 2021

Learn more about The Coronavirus Aid Relief and Economic Security Act (CARES) signed on March 27...

COVID-Related Tax Relief Act of 2020 (COVIDTRA) Summary

December 29, 2020

Here is a summary of the relief advantages that are in the COVID-Related Tax Relief Act of 2020...

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