September 12, 2017
Taxpayers who engage in an unincorporated sideline — outside of their regular day jobs — must understand the differences in the tax treatment of hobbies and for-profit business activities. Here’s an overview of the hobby loss rules, along with a recent U.S. Tax Court case that disallowed a taxpayer’s claim that his loss from organizing film festivals should be classified as a for-profit business activity.
August 22, 2017
Howe, Riley & Howe is pleased to welcome Renee Williams, Usha Gurumurthy, CPA, Jessica Laurent and Lori Gordon as new Associates. With a variety of tax and accounting specialties, Williams, Gurumurthy, Laurent and Gordon will be integral members of the Howe, Riley & Howe team. “We are delighted that Renee, Usha, Jessica and Lori have […]
August 17, 2017
It’s popular for property owners in certain markets to rent out their former residences. Doing so generates income that’s largely offset by tax deductions and allows you to potentially participate in the property’s future appreciation in value. Before making the home-to-rental conversion, however, it’s important to understand the special — and sometimes confusing — tax rules that apply when the property is rented and eventually sold.
August 7, 2017
Qualified small businesses have a new option for using their research tax credits: They can now elect to apply their credit to the Social Security tax portion of their federal payroll tax liabilities. That may come in handy for smaller start-ups with significant research expenses and little or no profits. Here are the details of recent IRS guidance on how to take advantage of this special privilege.
August 6, 2017
A wave of consolidation in the music publishing sector. Several multimillion-dollar music portfolios are reportedly up for sale. But are they asking too much to attract serious buyers? When it comes to valuing intellectual property assets, experts don’t rely on gut instinct. Here’s an overview of tried-and-true methods used to value copyright portfolios and other types of intellectual property.
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 […]