Category Archives: HRH News

NH’s Hidden Gem: Taking advantage of the Economic Revitalization Zone Credit

July 28, 2017

By Holly Hoynacki and Lynne Westaway Here at HRH, we’ve seen a dramatic increase in businesses investing for growth and scale. With growth comes the need to invest in real estate improvements for additional offices, manufacturing or other business-related space. Recently, we’ve helped clients take advantage of a little known but extremely valuable NH business tax […]

The Ins and Outs of Deducting Legal Expenses

July 6, 2017

Many individuals are surprised to discover that legal expenses usually aren’t currently deductible under the federal income tax rules. Here are some exceptions to this general rule, including two recent real-life examples that highlight when legal expenses may, at least partially, be deductible.

Federal Tax News – May

June 27, 2017

1. Alimony details must be in writing.
2. Supreme Court rules church-affiliated employer pension plans.
3. A new way to make an estate tax portability election.
4. Certain IRS user fees to be paid electronically.
5. Court: Tax deductions require proof.

Do You Have Undisclosed Foreign Accounts or Assets?

February 21, 2017

By Pete Lachance, CPA and Partner, and Shannon Hudson, CPA and Manager at Howe, Riley & Howe, PLLC Over the past few years our firm has seen a dramatic increase in the number of new clients who have come to us seeking assistance with unreported foreign accounts or foreign financial assets. Typically, it’s not because taxpayers […]

IRS Approves Section 199 Deduction for Construction Business

February 21, 2017

The Section 199 deduction is often thought of as a manufacturer’s tax break. But it’s available to companies in other industries, too. In a recent Technical Advice Memorandum, the IRS approved the deduction for a business engaged in construction and renovation. This article looks at the details of the guidance as well as the activities from which a firm can derive domestic production gross receipts (DPGR).

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 […]