Erin Maloney / Uncategorized /
Please join us in welcoming Erica Edwards to Maloney & Kennedy as our newest Staff Accountant. Erica is a graduate of Rhode Island College with a Bachelor of Science in Business Management and Accounting, where she achieved Magna Cum Laude status. Erica will assist clients and businesses with tax preparation and accounting services. As a… [Read More]
Erin Maloney / Uncategorized /
Congratulations to Kevin Kennedy on attaining his Accredited Business Valuation (ABV®) credential! This noteworthy achievement is granted exclusively by the AICPA to CPAs and qualified finance professionals who demonstrate considerable expertise in business valuation through their knowledge, skill, experience and adherence to professional standards. Please join us in applauding our own Kevin C. Kennedy, CPA,… [Read More]
Erin Maloney / Uncategorized /
The Taxpayer Certainty and Disaster Relief Act of 2020 provides a temporary exception to the 50% limit on the amount that businesses may deduct for food or beverages. The temporary exception allows a 100% deduction for food or beverages from restaurants. The IRS issued Notice 2021-25 to provide additional guidance on these changes. Meal Expenses:… [Read More]
Erin Maloney / Observations, Tax, Tax Filings /
On Nov. 15, 2021 The Infrastructure Investment and Jobs Act of 2021 (IIJA) was signed into law. The IIJA includes requirements for the reporting of cryptocurrency exchanges using intermediary Form 1099 reporting. Generally, these rules will apply to digital asset transactions starting in 2023. As you know, if you have a stock brokerage account, then… [Read More]
Erin Maloney / Uncategorized /
Chris Stevenson is the new office manager for Maloney & Kennedy. Having graduated from McIntosh College with an Associate’s Degree in Accounting, Chris comes to us with more than 15 years of office management experience. Chris’s duties at Maloney & Kennedy include managing all aspects of the business office. A lifelong New Hampshire resident, Chris… [Read More]
Erin Maloney / Company News, Staff /
We’d like to take a moment to express our gratitude to Linda Silva, who is retiring this month. Linda has been our dedicated Office Manager here at Maloney & Kennedy, PLLC for over 10 years. Thank you, Linda, for everything you have done for us. We wish you a joyful and fulfilling next chapter.
Erin Maloney / Company News, Staff /
Maloney & Kennedy is proud to announce that Jason Belanger has earned his Certified Public Accounting License (CPA) from the State of New Hampshire. A CPA license is the accounting profession’s highest standard of competence, a symbol of achievement and assurance of quality. Jason has a Bachelor of Science degree in Accounting from Plymouth State… [Read More]
Erin Maloney / 0 Comments / Legal /
A news release today from the New Hampshire Senate newsroom indicated that the New Hampshire senators are working towards legislation which, if passed, provides that New Hampshire businesses that received Paycheck Protection Program Loans (PPP) from the federal government would not be subject to either the state’s BET or BPT taxes. It is believed this… [Read More]
Erin Maloney / 0 Comments / Legal /
The New Hampshire Department of Revenue has today issued a Technical Information Release (TIR 2021-001) relative to the New Hampshire Taxation of Federal and State Covid-19 Financial Relief Funds. The TIR can be found online at https://www.revenue.nh.gov/documents/2021-001.pdf Simply stated, the release addresses these main issues: 1. Federal relief funds like Paycheck Protection Program (PPP) Funds:… [Read More]
Erin Maloney / 0 Comments / Legal /
At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations Act, 2021 (CAA 2021), includes a second draw of Paycheck Protection Program (PPP) loans. It also allows businesses to deduct ordinary and necessary expenses paid… [Read More]