Category Archives: HRH News

Tax Benefits from Charitable Giving

December 15, 2017

By: Alison S. Perrella, CPA, MST and Nichole Eggerling, CPA Did you know that you can satisfy your desire to be philanthropic and achieve significant tax savings at the same time? Properly planned charitable giving can bring personal benefits while being an effective way to reduce your current and future tax burden. In general, cash […]

NH’s Hidden Gem: Taking advantage of the Economic Revitalization Zone Credit

July 28, 2017

By Holly Hoynacki and Lynne Westaway Here at HRH, we’ve seen a dramatic increase in businesses investing for growth and scale. With growth comes the need to invest in real estate improvements for additional offices, manufacturing or other business-related space. Recently, we’ve helped clients take advantage of a little known but extremely valuable NH business tax […]

The Ins and Outs of Deducting Legal Expenses

July 6, 2017

Many individuals are surprised to discover that legal expenses usually aren’t currently deductible under the federal income tax rules. Here are some exceptions to this general rule, including two recent real-life examples that highlight when legal expenses may, at least partially, be deductible.

Federal Tax News – May

June 27, 2017

1. Alimony details must be in writing.
2. Supreme Court rules church-affiliated employer pension plans.
3. A new way to make an estate tax portability election.
4. Certain IRS user fees to be paid electronically.
5. Court: Tax deductions require proof.

Do You Have Undisclosed Foreign Accounts or Assets?

February 21, 2017

By Pete Lachance, CPA and Partner, and Shannon Hudson, CPA and Manager at Howe, Riley & Howe, PLLC Over the past few years our firm has seen a dramatic increase in the number of new clients who have come to us seeking assistance with unreported foreign accounts or foreign financial assets. Typically, it’s not because taxpayers […]