February 28, 2017
Providing a company car may attract good employees, but the perk doesn’t come free. Personal use of a company car is treated as a taxable fringe benefit, subject to income tax withholding obligations. This task is often difficult because of the complexity of the related tax rules for using a company vehicle for an employee’s own use. This article looks at the tax law requirements.
February 27, 2017
1. IRS Whistleblower Program had a “transformative year.”
2. Meal and entertainment deductions were denied by U.S. Tax Court.
3. The IRS announces large business and international taxpayer audit targets.
4. President Trump vows to end the political activity ban on tax exempt organizations.
5. Legal fees reclassified by the IRS and upheld by the U.S. Tax Court.
February 9, 2017
Culture, community and commitment to excellence keep Manchester and Portsmouth CPAs on top We are excited to announce that we are once again taking home the Best Accounting Firm in New Hampshire Business Review’s 2017 BOB Awards. The award marks the seventh year in a row that the firm has taken home the honor, which […]
February 5, 2017
Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2017, compared with 2016, including the estate tax exemption, Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions, allowable business write-off amounts and more.
February 3, 2017
Howe, Riley & Howe is pleased to welcome new Associates’ Sonata McPhail, Julian Omeally, Nancy Frye and Andrea Yacavoni to the firm. All four Associates will be working out of the Manchester office. “We are excited to kick off the new year by welcoming our new Associates who come to us with such diverse backgrounds,” […]
February 3, 2017
Howe, Riley & Howe is pleased to welcome Shannon Hudson, CPA, to the firm as a Manager. Hudson specializes in individuals, trusts and estates, professional services and international taxation and will work in the Manchester office. “We are delighted that Shannon has joined us and think she will be a great fit for our growing […]
February 1, 2017
There are some special tax breaks that can help “experienced” taxpayers reduce their federal income tax bills, including the bill for last year. Here are the details to help you decide if the tax-saving opportunities for itemized medical expenses and catch-up contributions to retirement accounts can work for you — and your senior friends and family members.