The New Hampshire tax system is one of the most complex in the country. For over 25 years, the staff at Appletree Business Services has specialized in understanding and staying current with the tax code. Steve Feinberg (@CPAsteve) has published numerous articles about the effect of New Hampshire taxation on small businesses.
Although New Hampshire has no personal income tax, small businesses must be aware of the countless other taxes including the Meals and Rentals Tax, Business Profits Tax, Business Enterprise Tax and the Interest and Dividends Tax, and the interplay between them. Typical techniques by an LLC, S Corporation, C Corporation, or a Partnership that have been used to save Federal taxes in other states can very easily result in triggering unanticipated and substantial taxes in New Hampshire.
As part of creating Business Financial Confidence, we give small businesses the certainty that all required taxes are accurate and done timely. In selecting a tax adviser, it is important to choose one that is an expert in New Hampshire taxation and also understands all the nuances between the Business Profits, Business Enterprise, and Interest and Dividends Tax as well as the implications for LLC’s operating as an S or C corporation in this state.
Business Financial Confidence is about making sure you do not have any tax surprises. Step 6 of the Business Financial Confidence Map focuses on selecting the right advisor for your business. Why not find out more about the Business Financial Confidence map now?
With over 2 decades in serving small business owners throughout the Southern NH area including Manchester, Nashua, Concord, Merrimack, Bedford Goffstown, New Boston, Weare, Henniker, Salem, Pelham, Hampstead, Sandown, Atkinson, Windham, Auburn, Derry, Candia, Raymond, Londonderry, Chester, Hudson, Litchfield, Brookline, Milford, Amherst, Hollis, Suncook, Pembroke, Allenstown, Loudon, Bow, Epsom, Penacook, Dunbarton, Hopkinton, Hooksett, and Chichester, along with also serving the needs of other small business owners throughout New Hampshire. In addition, Appletree Business Services also works with businesses in Northern Massachusetts and surrounding areas.