Now is the time to develop a strategy or make any corrections needed to maximize your tax situation at year end. Call us now for a mid-year check up, to avoid surprises when tax time comes around again. . . . → Read More: It’s Time Again for Your Mid-Year Check Up
NH DEPARTMENT OF REVENUE ADMINISTRATION
HOMEOWNERS PROPERTY TAX RELIEF
Even if you don’t qualify, spread the word to your friends, relatives, and clients. Time is limited to apply.
An eligible claimant is a person who is:
Single with adjusted gross income equal to or less than $20,000, or
Married or head of NH household with adjusted gross income less than or . . . → Read More: How to Save Money on NH Property Taxes
March 31st is the deadline to get health insurance coverage . . . → Read More: 3/31/14 Deadlines You Should Be Aware Of
We remind you that QuickBooks will no longer support certain services and features for QuickBooks 2011. You will need to upgrade your software by May . . . → Read More: QuickBooks 2011 Soon to Expire
If your entity is registered as a Corporation, Limited Liability Company, Professional Corporation, Professional LLC, Limited Liability Partnership, New Hampshire Investment Trust, Consumer Cooperative, Cooperative Marketing and Rural Electrification Association, you need to file a report and pay a fee annually.
This is a courtesy reminder to file your 2014 Annual Report Form and/or pay your . . . → Read More: File Annual Report by April 1, 2014
If you prepare your own payroll, be sure you are using the latest state unemployment rates for your company, and the most recent federal withholding tables. It would also be a good idea to remind your employees that changes in withholding should be made early in the year by submitting a new W-4 form to your . . . → Read More: Payroll Updates
As a token of our appreciation for choosing us as your tax preparer, we are offering you this discount offer, which expires on 2/28/14. We will process the information you drop off through our secure mail slot at our Barrington office, email or call regarding any questions, clarifications, or missing information, and then schedule a time . . . → Read More: The Early Bird Gets The Discount!
Don’t let this be your new look in January, 2014!
If you have paid for business services or rents over $599 , you are probably required to mail a form 1099-MISC to the vendor by 1/31/14, and file that information with the IRS. Fines for filing these forms incorrectly or late varies from $30-$100 per form, and . . . → Read More: Last Call For 1099 Peace of Mind
Don’t Forget to Log Your Year End Mileage
If you deduct mileage, or even use actual vehicle expenses, you will need to have the total mileage that the vehicle is driven, in addition to the various types of specific mileage:
* Medical or Moving Mileage (2014 deduction = 23.5 cents per mile)
* Charity Mileage (2014 deduction = 14 . . . → Read More: Don’t Forget to Log Those Miles!
Last year, we advised you that the IRS was sending out notices to small businesses questioning the possible under-reporting of income. The IRS did, in fact do this, as the result of matching the information reported on Form 1099-K, to the income the business reported on its tax return. If you received a notice, or would . . . → Read More: Form 1099 News and Alerts
Year end is right around the corner. Need help getting those pesky 1099 forms out to your vendors on time?
If you have paid for business services or rents over $599 , you are probably required to file and mail a form 1099-MISC. Fines for filing these forms late varies from $30-$100 per form, and if . . . → Read More: Act Now to Avoid Up to $250 Fine per 1099 Form
Time for your mid-year checkup!
Half the year is over – do you know how you are doing financially?
Now is the time to review and make adjustments to avoid year end surprises.
Verification and set up of all accounts needed to track tax deductions
Correction of bookkeeping entries that could skew net income figures
Review of cost classifications and balance sheet . . . → Read More: Schedule Your Mid-Year Financial Check-Up