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    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.

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  • Archives

New Hampshire small businesses and reasonable compensation – The new rules

Posted on January 17, 2012 by CPAsteve

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

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Making the right pricing decisions for your New Hampshire small business

Posted on January 5, 2012 by CPAsteve

Are you making the right pricing decisions for your business? In business, making pricing decisions is always tough – and even more so when the economy is slow and sales are slipping. It’s tempting to cut prices hoping to generate higher sales volume. But sometimes that just produces lower margins on a low volume.

What do you do if you’re being squeezed by cost increases? Can you increase

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When should you ask the IRS to determine if you should be independent contractor versus an employee

Posted on November 14, 2011 by CPAsteve

As a followup to some previous posts, namely “Employee vs subcontractor – Why the Federal rules are more important to know“, and “Employees versus Independent Contractors in New Hampshire – Do you know the law?“, I’ve gotten a number of inquiries from people who weren’t sure they were being properly classified as either an employee or as a sub-contractor.

Enter Form SS-8. This is an IRS form used to request a determination from the IRS on status of workers, and can be requested by the employer, contracting party, employee, or sub-contractor. You should be aware that the IRS’s responses to these forms do tend to lean towards treating someone as an employee, though.

So when does it make sense to get this determination?

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If the IRS or New Hampshire DOR contacts you

Posted on November 9, 2011 by CPAsteve

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.

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When you can deduct a Health Club and save taxes

Posted on October 10, 2011 by CPAsteve
[caption id="attachment_1733" align="alignleft" width="150" caption="When going to the gym might save taxes!"][/caption]

First off, health club expenses are generally NOT deductible as a business expense, since the tax law specifically disallows deductions for club dues. However if you are an S corporation or C Corporation,  it still may be beneficial to you and your corporation for the corporation to pay this expense anyway, provided that there is a legitimate business purpose.

So, when can Health Club dues be deductible as a medical expense?

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