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Gruntworx, LLC
Distance: 2.0 Mi1 Merrill Industrial Drive, Suite 22-23
03842 Hampton -
New England Bookkeeping & Tax Service
Distance: 19.6 Mi56 South St
3878 Somersworth -
Salem Tax and Financial Inc
Distance: 24.0 Mi51 Main Street
3079 Salem -
Weeks Sherman Acct
Distance: 28.2 Mi
3053 Londonderry -
Lotter & Bailin
Distance: 31.7 Mi41 Brook St
3104 Manchester
Description
For over 35 years our firm has been helping individuals, businesses and non-profit agencies plan and attain their financial success. Our goal as a full service CPA firm is to become your proactive partner in order to develop a strategy to achieve your financial objectives. To provide a higher caliber of service, our multi-disciplined team of tax, accounting and consulting professionals offers practical, informed advice which is both timely and cost-effective.
NH joins the rest of the country in qualifying for a free annual credit report from each of the three nationwide consumer reporting companies - Equifax, Experian, and TransUnion. The free reports were mandated by Congress in The Fair and Accurate Credit Transactions Act of 2003 (FACTA), which requires each of the nationwide credit bureaus to provide consumers with a free copy of their credit report, at their request, once every 12 months.
The Domestic Production Activities Deduction is a 9% deduction to taxable income of manufacturers and the definition of a manufacturer is quite inclusive. This deduction is generally not available to retailers, restaurants and service providers. There is an exception, however, for engineers and architects working on construction projects; those businesses along with tradesmen often miss out on this valuable deduction.
Even if the C corporation form of business seems appropriate for you at this time, you may in the future be able to change the corporation from a C corporation to an S corporation, if the S corporation form is more appropriate at that time. This change will ordinarily be tax free, except that built-in gain on the corporate assets may be subject to tax if the assets are disposed of by the corporation within ten years of the change.
A C corporation can also be used to provide fringe benefits and fund qualified pension plans on a tax-favored basis. Subject to certain limits, the corporation can deduct the cost of a variety of benefits such as health insurance and group life insurance without adverse tax consequences to you. Similarly, contributions to qualified pension plans are usually deductible but are not currently taxable to the recipient.