New Form I-9: Key Changes HR Needs to Know

January 19, 2017

Great article on the new Form I-9 and what human resources practitioners need to know, written by Roy Maurer, Society for Human Resource Management:   Employers have until Jan. 22, 2017, to get up to speed on using the newest version of the Form I-9, marked 11/14/2016. The version that has been in effect since 2013 (marked […]

Accounting Firm Howe, Riley & Howe Promotes Kara Fontaine to Principal

January 16, 2017

Howe, Riley & Howe is pleased to announce the promotion of Kara Fontaine, CPA, from Manager to Principal. Fontaine, who lives in Hooksett, joined the firm in 2005 and specializes in commercial, construction and real estate, employee benefit plans, non-profits and foundations. “We believe in promoting individuals who are passionate for our field of work, […]

How to Make the Most of Medical Expense Deductions

January 10, 2017

Health insurance premiums and medical care costs seem to increase every year — and the IRS has been cutting back on tax breaks related to health care. Here are a couple of planning strategies to consider over the next two years that could help reduce your tax liability and ease the burden of rising health care costs.

FASB Modifies Not-for-Profit Accounting Standards

January 6, 2017

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14 that will soon affect Not-for-Profit (NFP) entities. This update was established to provide more relevant, useful information to grantors, donors, and other stakeholders of NFP entities. The new standard will take effect for annual financial statements for fiscal years beginning after December 15, 2017, and for interim periods within fiscal years beginning after December 15, 2018. The key provisions of this ASU are included in this article.

Ghosting Exploits the Stolen Identities of the Dead

January 5, 2017

Identity thieves can strike anyone, it seems, including people who’ve passed away. Each year, the identities of millions of deceased individuals are misappropriated to commit a crime called “ghosting.” Criminals use information such as Social Security numbers, previous addresses, birth dates and employment history — often gathered from obituary notices — to get loans, tax refunds, credit cards and more. This article explains.

Get Ready Businesses: Some Filing Due Dates Are Changing

December 27, 2016

Upcoming due dates for some business tax returns are changing due to legislation passed last year. In addition, the filing deadlines for Forms 1099-MISC and W-2 are also changing in 2017. This means you’ll have to submit information to the IRS earlier than in the past. This article explains what the new deadlines are and how your business can comply with them.

Federal Tax News – December

December 27, 2016

1. Standard mileage rates decrease for 2017.
2. New law creates a new type of HRA.
3. Gamblers couldn’t deduct losses.
4. Taxpayers denied child tax breaks.
5. Get ready to file your tax return in 2017.

New Overtime Rules Currently Suspended

December 16, 2016

The new overtime rules have been temporarily suspended. A federal judge in Texas issued a nationwide injunction against an Obama administration regulation expanding the number of workers who would be eligible for time-and-a-half overtime pay.