Category Archives: Announcements

Federal Tax News – February

March 1, 2017

1. Father isn’t responsible for a steep tax penalty.
2. Do you have to take a required minimum distribution?
3. U.S. Tax Court rejects expert’s valuation of artwork.
4. Medical deduction for alternative care allowed.
5. Court denies deductions due to lack of proof.

IRS Sets 2017 Company Car Valuations

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.

Federal Tax News – January

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.

Howe, Riley & Howe Named Best Accounting Firm in NH Business Review’s BOB Awards for Seventh Year in a Row

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 […]

Important Tax Figures for 2017

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.

Shannon Hudson, CPA Joins Howe, Riley & Howe as Manager

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 […]

Seniors: Consider These Tax Breaks When Filing for 2016

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.