The CARES Act was signed by the President on Friday and is now law. The Act has numerous provisions, one of which is the Paycheck Protection Program (PPP). PPP will provide loans to businesses for payroll and certain other costs. The big bonus is that these loans can be forgiven in the future. Mechanically, the […]

The CARES Act (Act) passed the House and was signed by the President on Friday. In theory, banks should be in business to lend under the Paycheck Protection Program (PPP) today, March 30. In summary, PPP allows banks to loan businesses enough funds to cover eight (8) weeks of payroll and certain other costs. Later, […]

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748 passed the Senate on March 25 and awaits House and then Presidential action. The following tax provisions in the Bill pertain to retirement plans in 2020. Required Minimum Distributions (RMD) The Act temporarily waives the required minimum distribution rules for 2020 for most retirement […]

Dear Clients: The Coronavirus Aid, Relief, and Economic Security (CARES) Act, aka the Stimulus Bill, was passed by the Senate March 25 and awaits House and Presidential action. It is a $2 trillion relief package intended to stimulate the economy that has been severely impacted by the pandemic. The Act is complex and contains a […]

Jessica Wiley, CPA, ABV has joined the Board of Directors and will serve as Treasurer of the Concord Coalition to End Homelessness. CCEH’s goal is safe, stable, and affordable housing for all, and it works to eliminate the causes of homelessness in the greater Concord, New Hampshire community through a coordinated, committed and active effort. […]

Dear Clients: We continue to monitor information as it becomes available regarding the coronavirus and how this information pertains to our staff, clients and their businesses. Our March 18 blog outlined that at that time, the tax payment deadline was deferred until July 15 but that the filing deadline of April 15 had NOT been […]

Dear Clients: We continue to monitor information as it becomes available regarding the coronavirus and how this information pertains to our staff, clients and their businesses. In particular, we are monitoring proposed changes to tax filing and tax payment requirements. We have noticed that there is some misinformation in the press and internet regarding tax […]

This is an unprecedented time. Our top priority at Maloney and Kennedy is the safety and welfare of our staff and clients during this COVID-19 situation. We wanted to provide the steps we are taking to protect our staff, our clients and their information with as little interruption to normal business workflows as possible. No […]

On Thursday, February 13th, Rick Maloney spoke at the 20th Annual Heartbreaker Family Law Forum at Saint Anselm College in Manchester, sponsored by the New Hampshire Association for Justice. His presentation included a review of several tax and economic ramifications associated with alimony, child support and property division, and specifically underscored issues and clarifications regarding […]

Kevin Kennedy attended the BIA Small Business Day as a panelist speaker on Valentine’s Day. Along with Karl Heafield of Baker Newman Noyes, Leslie Walker of Mason & Rich, and Steve Lawlor of Nathan Wechsler, Kevin contributed his understanding on the topic of making sense of Federal and State Tax Reform.