Category Archives: HRH News

Tax Planning Lessons From a Golf Pro: Sergio Garcia v. Commissioner

January 5, 2015

In professional golf and taxes, coming up short costs big money. Sergio Garcia learned this the hard way in Sergio Garcia v. Commissioner, 140 T.C. No. 6 (2013). Sergio Garcia is a well-known professional golfer, a native of Spain, and was a Swiss resident when he petitioned the Tax Court over the treatment of his […]

Starting a Business?

January 5, 2015

For any entrepreneur, the road to starting a new business is paved with sleepless nights, endless cups of coffee, and the constant worry that things may not pan out. Risking personal time, effort and capital is no easy decision to make, and the last thing anyone in such a situation wants to be thinking about […]

Employees vs. Independent Contractors

January 5, 2015

When a business hires a worker, it must classify the worker as either an employee or an independent contractor. This decision is important due to the legal and financial implications. However, the rules for classifying a worker are complex and subjective. If a worker is misclassified, it may be costly for the business. WHY DOES […]

Divorce and Taxes

January 5, 2015

The following article was written for our newsletter sent to financial advisers. Financial advisers are often the first to know when a client’s marriage is in trouble and a separation or divorce is planned. While the client may be too distraught to consider the tax effect of the situation, the failure to properly plan can […]

Selling Out: Cashing in on Your Ideas

January 5, 2015

It’s a question as old as currency, “how much money would I need to just walkaway from my job?” When it comes to answering that question, entrepreneurs and business owners find themselves in a unique position. Often times a significant portion of their wealth is invested in the business they have helped develop and grow. […]

Startup ESP: Do You Know the Tax Effects of Your Decisions?

January 5, 2015

Seeing the future isn’t always easy, but one doesn’t have to be clairvoyant to make smart decisions early in a company’s life. Making the right decisions early can save time, money, and some serious headaches. Decisions like “should I be an LLC or a Corporation” can seem like they aren’t all that important early on, but […]

Employee Incentive Compensation: What are the Options

January 5, 2015

Attracting and retaining talent is difficult for any company, but particularly for start-ups that compete with larger,well-capitalized companies for top staff. Key employees expect to receive a compensation package consisting of salary, bonus and long-term incentive compensation.  Newer companies often believe that they can’t compete with mature companies in the area of incentive compensation due to […]

Planning Opportunities for New Hampshire Trusts

January 5, 2015

Holding assets in trust can be an effective estate planning tool. As a result of the passage of some favorable legislation in recent years, New Hampshire has become an attractive state for trusts to domicile and  apply New Hampshire governing law. This is a brief summary of some of the major benefits: Trusts can have […]

Tax Ramifications of Choice of Entity

January 5, 2015

In addition to the legal distinctions between entities, the tax ramifications of entity choice will be a key component in achieving a client’s goals. This article outlines some of the basic tax differences between entity types and can be used as a reference for decision making. The Limited Liability Company (LLC) and S Corporation are […]

Net Investment Income Tax 101

January 5, 2015

The following article was written for our newsletter sent to financial advisors. The Net Investment Income Tax is new for tax year 2013. This tax is intended to apply to higher-income individuals who derive part of their income from investments. Financial advisors who are familiar with the following NII tax issues may provide invaluable assistance […]