HELPFUL TAX & ACCOUNTING NEWS

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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.

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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

ertc voluntary relief program

The IRS Unveils ERTC Relief Program For Employers

January 19, 2024

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

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There’s A New Threshold For Electronically Filing Information Returns

January 17, 2024

Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. Learn why...

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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

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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).

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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.

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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.

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Take Action Now To Reduce Your 2023 Income Tax Bill

November 10, 2023

Here are some year-end tax planning strategies and steps to consider as 2023 comes to a close.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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IRS Provides Transitional Relief For RMDs And Inherited IRAs

August 1, 2023

Learn the new IRS guidance providing transitional legislative relief to the age at which taxpayers must begin taking required minimum distributions (RMDs)

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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.

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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...

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Virtual Currency Lands In IRS Crosshairs

June 21, 2023

If you buy, sell or otherwise engage in transactions involving virtual currency, you need to stay up to date with the latest tax developments.

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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.

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What’s in the Fiscal Responsibility Act and What Does It Mean For The Debt Ceiling?

June 6, 2023

Learn what the main provisions of the Fiscal Responsibility Act (FRA are.

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Social Security’s Future: The Problem and the Proposals

May 30, 2023

Learn about Congress proposals that aim to tackle the problem about the impending insolvency of the Social Security program.

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IRS Guidance Coming Regarding the IRA’s Clean Vehicle Credit

May 2, 2023

On April 17, 2023, the IRS will publish proposed regulations to clarify how a CV can qualify for the credit...

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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...

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Reading the tea leaves: Potential tax legislation in the new Congress

February 16, 2023

A review of certain provisions in existing laws may indicate the many areas ripe for tax legislation action in the next two years of Congress...

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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...

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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...

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2023 Q1 tax calendar: Key deadlines for businesses and other employers

January 3, 2023

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

Where Do I Start?

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...

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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...

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5 Steps To Take Now To Cut Your 2022 Tax Liability

November 9, 2022

Strategies to consider executing before year end that may reduce your 2022 or future tax liability...

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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...

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Inflation Reduction Act Expands Deductions For Energy-Efficient Construction

October 5, 2022

The changes to the Section 179D deduction for commercial buildings...

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Clean Vehicle Credit Comes With Caveats

September 14, 2022

Here’s what you need to know about the credit if you’re thinking about purchasing an electric vehicle...

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IRS Offers Penalty Relief For 2019, 2020 Tax Years

September 8, 2022

IRS Notice 2022-36 extends penalty relief to both individuals and businesses who missed the filing deadlines...

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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...

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The Inflation Reduction Act Includes Wide-Ranging Tax Provisions

August 12, 2022

The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA)...

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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...

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Emerging Tax And Regulations Alert

May 15, 2022

The April tax filing deadline has passed, but that doesn’t mean you should push your taxes out of your mind...

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Congress Eyes Further Retirement Savings Enhancements

April 25, 2022

The U.S. House of Representatives recently passed SECURE 2.0, the bill contains numerous provisions that...

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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...

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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...

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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...

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N.H. Businesses Must Navigate Year-End Tax Planning With New Tax Laws Potentially On The Horizon

November 29, 2021

The end of the tax year is fast approaching for many N.H.businesses...

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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)...

global import export concept - top business certified public accountants in portsmouth n.h.

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...

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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...

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Tax Breaks To Consider During National Small Business Week

September 23, 2021

Here are three tax breaks to consider during the Small Business Administration’s National Small Business Week...

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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 loan note on binder - top certified public accountants services in seacoast n.h.

SBA Streamlines Forgiveness For Smaller PPP Loans

August 8, 2021

The Small Business Administration (SBA) has released new guidance intended to expedite the forgiveness process for certain PPP loan borrowers...

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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...

woman sketching business plan - best rated cpa accounting services firm in seacoast n.h.

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...

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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...

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Here Come The Child Tax Credit Payments: What N.H. Parents Need To Know

July 8, 2021

The first advance payments under the temporarily expanded child tax credit (CTC)...

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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...

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Youngclaus & Company Voted 2020 Best Seacoast NH Accounting Firm

January 6, 2021

Youngclaus & Company was voted best accounting firm in Seacoast, NH for the second time in 2020...

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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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Youngclaus Associates Chosen Best of Seacoast Award As A CPA

August 28, 2018

We were proud to be nominated, for the third time, for the Best of the Seacoast Awards accounting firm...

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Seacoast Family Promise Birdhouse

May 10, 2018

Learn more about the Seacoast Family Promise beautiful birdhouse in the Youngclaus & Company lobby...

IRS warns against phone scams

IRS Urges Public to Stay Alert for Scam Phone Calls

February 15, 2018

The IRS continues to warn consumers to guard against scam phone calls from thieves’ intent on stealing their money...

2018 summary of tax reform individual changes

Tax Reform 2018 Summary of Changes-Individual

January 12, 2018

Learn more about the summary of the major changes that might apply to individual taxpayers starting in 2018...

2018 summary of tax reform business changes

Tax Reform 2018 Summary of Changes-Business

January 11, 2018

Learn more about the summary of the major changes that might apply to business taxpayers starting in 2018...

2018 proposed tax reform bills

Proposed 2018 Tax Reform Bills

December 6, 2017

Learn more about the senate and house proposed 2018 tax reform bills and planning steps...

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Mark Your Calendars: 2016 FINAL Income Tax Due Dates Coming up!

September 11, 2017

Calling all procrastinators: The deadline for filing and paying your taxes is fast approaching and you are running out of time!

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