Tag: business expenses

What to Do If You are Missing Tax Paperwork

Missing Tax Paperwork

Amherst, NH Resident Worries

While employers and institutions have a deadline for sending out tax paperwork, there are plenty of reasons it may fail to get into your hands.  Whether lost in the mail, misplaced or some other event, the best step is to contact the issuer of the document.  They may be able to send a duplicate copy right away.  If you are still not having any luck getting the missing document, you can call the IRS.  Providing information to the IRS about the document in question will make sure that you are covered when you go to file your taxes.

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Will Your Business PPP Loan Be Tax Deductible?

How Will the Stimulus Package Affect Your Taxes

Amherst, NH Business Owner Has Concerns

Businesses who took advantage of the Payroll Protection Program (PPP) can breathe a sigh of relief.  Legislators have decided money from the PPP will allow for the deduction of expenses.  This means that businesses will not lose any tax deductions that were expected because money was paid using the PPP loans.  This is big news for businesses and a huge relief of a potentially hefty tax burden.

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tax deductions

Goffstown, NH Resident Has Questions

Not filing your taxes on time could result in a failure-to-file penalty.  This penalty is 5% of the unpaid taxes for each month that the tax return is late, up to five months.  Continuing to ignore your taxes could result in the IRS taking action in the form of a federal tax lien on your property, seizing your property and even filing charges for tax evasion.

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How Will Working from Home Affect My Taxes?

Can a Home Office Be Considered a Business Expense

Windham, NH Resident Seeks Advice

Employees working from home are no longer able to deduct business expenses, as this deduction was eliminated in 2018.  Only self-employed individuals can qualify for home office deductions.  Self-employed workers can claim either $5 per square foot of home office space up to 300 square feet, or a percentage of the home and costs to maintain it as a deduction.

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405 Daniel Webster Hwy
Merrimack, NH 03054
(603) 429-2009

Regular Hours

Sunday: Closed
Monday: 9AM-4PM
Tuesday: Closed
Wednesday: 9AM-4PM
Thursday: Closed
Friday: 9AM-3PM
Saturday: Closed

Tax Season Hours (Feb 1 - Apr 15)

Sunday: Closed
Monday: 9AM-5PM
Tuesday: 9AM-5PM
Wednesday: 9AM-5PM
Thursday: 9AM-5PM
Friday: 9AM-4PM
Saturday: 9AM-2PM