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  • Quality Payroll, Bookkeeping and Tax Services

    At Appletree Business Services, we specialize in working with your small business THROUGHOUT the year, helping you in tax and payroll matters , such as:

    1) Knowing exactly where your small business stands with timely monthly reports and payroll, so there are no tax surprises.

    2) Keeping you out of jail and in full compliance with all the myriad of tax laws, including quarterly estimates for your Federal taxes, New Hampshire Business Profit Tax, Business Enterprise Tax, and/or the Interest/Dividends tax.

    3) Talking with you on a regular basis about your business on issues such as understanding how much sales you need to break-even, whether an individual should be an employee versus a subcontractor, or helping identify when it may be time to buy some new equipment to minimize taxes.

    Learn more by clicking on the links below.

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  • Archives

New Hampshire small businesses and reasonable compensation – The new rules

New Hampshire businesses need to start thinking about documenting what is ‘reasonable compensation’ to the owners or partners if they are operating as a sole proprietor or partnership.

As an indirect result of New Hampshire introducing and ultimately repealing the so-called LLC tax several years ago, New Hampshire has now enacted new rules

If the IRS or New Hampshire DOR contacts you

There are numerous reasons why the Internal Revenue Service may contact you throughout the year, so if you receive an IRS missive in the mail, don’t panic. Instead, open the letter and deal with it straightaway. Whatever you do, don’t put it off.

Chances are you are receiving a computer-generated letter because the IRS thinks you owe it money.

New laws that could affect New Hampshire businesses

New Hampshire has enacted some new laws that could affect many businesses.

NH Department of Revenue warns small business taxpayers about relying on tax software

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The State of New Hampshire Department of Revenue is now warning small business users who rely on tax software to prepare their state Business Profits Tax Returns (BPT) and state Business Enterprise Tax Returns (BET) that they may not necessarily be right!

More changes to the New Hampshire Business Profits Tax on what is reasonable compensation

Effective June 25, 2011 and applicable for taxable periods beginning on or after January 1, 2011, the burden of proof with respect to the Business Profits Tax deduction for reasonable compensation has been changed. This affects owners of partnerships, limited liability companies, and sole proprietorships

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