Seminar

New Hampshire Taxation of Businesses & Their Owners

Wednesday, June 12, 2013 09:00 AM

Complimentary

Seminar Description:

This is a 1-day seminar (8 credits) led by Jon Sparkman, Esq. CPA, and Maurice Gilbert, CPA, MST. Topics include the four major taxes affecting businesses and their owners in NH: the Business Enterprise Tax (BET), the Business Profits Tax (BPT), the Interest & Dividends Tax (I&D), and the Real Estate Transfer Tax (RETT). Topics involving the BET will include an overview of the components of the enterprise value tax base and the apportionment provisions for the BET. With respect to the BPT, topics include the nexus standard, definitions of business organization and business activity, the additions and deductions to federal taxable income including a brief overview of reasonable compensation and the combined reporting requirements for unitary businesses. The I & D segment of the seminar will include a review of the provisions relating to distributions from partnerships and limited liability companies and the importance of the definition of “transferrable interests” and the planning opportunities that result from the recent elimination of trust as taxpayers and trust distributions from the definition of dividend. The RETT discussion includes an overview of the provisions focusing on NH real estate companies and recent NH Court decisions that may provide some planning opportunities. Our instructors provide two separate ½ day seminars which examine in detail the NH Compensation Deduction and the combined reporting requirements.

Program Designed For:

This seminar is designed for tax professionals whose clients are New Hampshire residents, have business activity within New Hampshire, deduct compensation for the personal services of the shareholders, partners, members and proprietors of the businesses, or who own New Hampshire real estate or an interest in New Hampshire real estate. Participants should have a general knowledge of the BPT, BET, I&D and the RETT as well as Federal Income Tax principals relating to corporations, partnership and proprietorships.

Seminar Schedule:

When: June 12, 2013, 8:15 a.m. registration. Seminar 9:00 a.m. to 5:00 p.m.
Location: Holiday Inn 1 Newbury Street, Peabody MA. (directions)

Sponsor: Boston Tax Institute

Registration: Additional information and registration will be available on the Boston Tax Institute website.

Speakers: Jon. B. Sparkman, Esq., CPA and Maurice P. Gilbert, CPA, MST

This program will qualify for 8.0 hours of CPE based on 50 minute hour