New Digital Asset Info Reporting
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… [Read More]
Tax Filings
Paycheck Protection Loans Timing of Deductibility of Expenses
Caitlin Ernst / 0 Comments / Legal, Tax Filings /
On November 18, 2020 the U.S. Treasury Department and Internal Revenue Service (IRS) released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 clarifying the tax treatment of expenses where a Paycheck… [Read More]
IRS Launches New Form Replacing 1099-MISC for Contractors in 2020
Caitlin Ernst / 0 Comments / Legal, Tax Filings /
For many years, businesses have used Form 1099-MISC to report calendar-year payments of $600 and above to individuals who performed services in their trade or business. These include vendors, independent… [Read More]
New Granite Tax Connect Online Portal Being Launched in October
Caitlin Ernst / 0 Comments / Legal, Tax Filings /
The New Hampshire Department of Revenue is releasing a new online portal for business tax, Interest and Dividends tax, and Communications Service tax in October 2020. Taxpayers in this group,… [Read More]
Tax Deadline Changes
Caitlin Ernst / 0 Comments / Tax Filings /
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… [Read More]
NO CHANGE TO TAX FILING DEADLINE, BUT DEFERRAL OF TIME TO PAY
Caitlin Ernst / 0 Comments / Tax Filings /
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… [Read More]
New Hampshire Senate Bill 242 – Collection of Sales and Use Taxes
Caitlin Ernst / 0 Comments / Legal, Tax Filings /
On July 19, 2019, Governor Sununu signed a bill into law that attempts to protect New Hampshire businesses from having to collect and remit certain sales and use taxes for… [Read More]