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.

Federal Tax News – January

January 25, 2017

1. Due dates for filing Affordable Care Act information returns are deferred.
2. Accumulated earnings penalty tax applies.
3. Farm widow wins her case in U.S. Tax Court.
4. National Taxpayer Advocate’s message to the IRS: Keep it simple.
5. Court finds investments were nondeductible equity and not debt.

Proposed Regulations Target Transfers of FLP Interests

January 25, 2017

If you’ve procrastinated on estate planning moves using family-controlled entities such as family limited partnerships, take heed: Valuation discounts for lack of control and marketability on such transfers may be significantly reduced (or possibly eliminated) if recently proposed regulations are made final. Fortunately, any changes would be applied prospectively, so there may be time to take advantage of existing rules.

New Form I-9: Key Changes HR Needs to Know

January 19, 2017

Great article on the new Form I-9 and what human resources practitioners need to know, written by Roy Maurer, Society for Human Resource Management:   Employers have until Jan. 22, 2017, to get up to speed on using the newest version of the Form I-9, marked 11/14/2016. The version that has been in effect since 2013 (marked […]

Accounting Firm Howe, Riley & Howe Promotes Kara Fontaine to Principal

January 16, 2017

Howe, Riley & Howe is pleased to announce the promotion of Kara Fontaine, CPA, from Manager to Principal. Fontaine, who lives in Hooksett, joined the firm in 2005 and specializes in commercial, construction and real estate, employee benefit plans, non-profits and foundations. “We believe in promoting individuals who are passionate for our field of work, […]

How to Make the Most of Medical Expense Deductions

January 10, 2017

Health insurance premiums and medical care costs seem to increase every year — and the IRS has been cutting back on tax breaks related to health care. Here are a couple of planning strategies to consider over the next two years that could help reduce your tax liability and ease the burden of rising health care costs.