Tax

Upcoming Seminars & Events

NH Taxation of Businesses & Their Owners

$185 members/ $285 nonmembers

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 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”. The RETT discussion includes an overview of the provisions focusing on NH real estate companies. Our instructors provide a separate ½ day seminar which examines in detail the NH Compensation Deduction

When: May 18, 2012, 8:30 a.m. to 4:15 p.m.

Location: New Hampshire Society of CPAs, 1750 Elm Street, Manchester, NH

Sponsor: New Hamphire Society of CPAs

Registration: Additional information and registration will be available on the New Hampshire Society of CPAs website or by contacting the Society at 603.622.1999.

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.

The Nuts & Bolts of Estate Planning – A Practitioner’s Approach

$135 members/$185 nonmembers

Through the use of a case study, our presenters will explain the nuts and bolts of estate planning, including (i) the use of revocable trusts to avoid probate and to properly and flexibly plan for estate taxes in this ever-changing tax environment , (ii) the importance of having financial and health care powers of attorney; and (iii) the “do’s and don’ts” when agreeing to serve as an executor, trustee or holder of a financial power of attorney . The presenters will also discuss a variety of planning techniques to deal with common situations, such as the succession of a family business, the shared use of a family vacation home, lifetime gifting and equalizing inheritances, protecting inherited assets from the children’s spouses and creditors and planning for the non-traditional family.

When: May 22, 2012. 8:30 p.m. to 12:15 p.m.

Location: New Hampshire Society of CPAs

Registration: Additional information and registration will be available on the New Hampshire Society of CPAs website or by contacting the Society at 603.622.1999.

New Hampshire Compensation Deduction – Applicable Standards for Pre-2010, 2010 & Post-2010 Taxable Periods

$135 members/$185 nonmembers

The New Hampshire General Court has changed New Hampshire’s reasonable compensation deduction for owners of corporations, limited liability companies, partnerships, and proprietorships again for taxable years beginning in 2011. We will examine the provisions of the 2011 law, the Administrative Rule for reasonable compensation adopted by the Department of Revenue Administration, the appeal process, and the new burden of proof in detail. Other issues will include a comparison of the new and old compensation provisions under the Business Profits Tax for 2009, 2010, and subsequent years; and the use of Internal Revenue Code Section 162, Treasury Regulations, and Federal Court precedent to determine reasonable compensation and planning opportunities that are available.

When: May 22, 2012. 1:00 p.m. to 4:30 p.m.

Location: New Hampshire Society of CPAs

Registration: Additional information and registration will be available on the New Hampshire Society of CPAs website or by contacting the Society at 603.622.1999.

NH Taxation of Businesses & Their Owners

$192 Discounts may apply if you register for multiple seminars with Boston Tax Institute

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 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”. The RETT discussion includes an overview of the provisions focusing on NH real estate companies. Our instructors provide a separate ½ day seminar which examines in detail the NH Compensation Deduction

When: June 4, 2012, 8:15 a.m. registration. Seminar 9:00 a.m. to 5:00 p.m.

Location: Chateau Restaurant, 131 River Road, Andover, MA 01810. (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.

New Hampshire's Reasonable Compensation Deduction and New Hampshire's Combined Reporting for Unitary Business

$205 members/$235 nonmembers. Discounts may apply if you register for multiple seminars with Massachusetts Association of Accountants

New Hampshire’s hottest audit topic, reasonable compensation for owners of corporations, limited liability companies, partnerships and proprietorships, will be covered in depth during the morning session. The New Hampshire General Court has changed New Hampshire’s reasonable compensation deduction for owners of corporations, limited liability companies, partnerships, and proprietorships again for taxable years beginning in 2011. We will examine the provisions of the 2011 law, the Administrative Rule for reasonable compensation adopted by the Department of Revenue Administration, the appeal process, and the new burden of proof in detail. Other issues will include a comparison of the new and old compensation provisions under the Business Profits Tax for 2009, 2010, and subsequent years; and the use of Internal Revenue Code Section 162, Treasury Regulations, and Federal Court precedent to determine reasonable compensation and planning opportunities that are available.

Combined reporting for unitary businesses is the topic during the afternoon session. New Hampshire’s combined reporting for unitary businesses is mandatory for purposes of the Business Profits Tax and applies to proprietorships, partnerships, single-member and multi-member limited liability companies, trusts and corporations. Issues to be addressed include New Hampshire’s unique application to incorporated and unincorporated businesses; the multi-state nexus requirement; the composition of the water’s edge group; the ownership, unity of use & unity of operation requirements; and potential planning opportunities.

When: June 12, 2012, 8:15 a.m. registration. Seminar 9:00 a.m. to 5:00 p.m.

Location: Holiday Inn, 15 Middlesex Canal Park Rd, Woburn, MA 01801. (directions)

Estate Planning 101+: Techniques For Common, But Not Necessarily Simple, Planning Situations

$70 members/$105 nonmembers (Includes dinner and presentations)

Through the use of a case study, our presenters will explore some estate planning “basics,” including (i) the use of revocable trusts to avoid probate, (ii) properly and flexibly planning for estate taxes in this ever-changing tax environment, (iii) the importance of having financial and health care powers of attorney, and (iv) the “do’s and don’ts” when agreeing to serve as an executor, trustee or holder of a financial power of attorney.  The presenters also will discuss a variety planning techniques to deal with common situations, such as the succession of a family business, the shared use of a family vacation home, lifetime gifting and equalizing inheritances, protecting inherited assets from the children’s spouses and creditors, and planning for the non-traditional family.

Speakers:

ANU R. MULLIKIN, ESQ.  Anu is a shareholder of Devine Millimet and Branch, Professional Association, where she serves as Chair of the Trusts and Estates Practice Group, Chair of the Corporate Department and on the firm’s Board of Directors.  Anu focuses her practice on estate planning, probate and trust administration, federal estate and gift tax and fiduciary income tax.  Anu represents families of all sizes of wealth, and provides counsel on specialized estate planning situations such as family business succession planning, philanthropic and charitable planning and lifetime gifting strategies.  Anu received her BS in Accounting (summa cum laude) from the University of Lowell, and a JD and a Masters of Laws in Taxation (LLM) from the Boston University.  Anu also serves as a Statewide Director of the New Hampshire Charitable Foundation.

MICHELLE M. ARRUDA, ESQ. Michelle is a shareholder of Devine, Millimet & Branch, Professional Association and a member of the firm’s Trust and Estates Practice Group.  Michelle provides legal counsel to individuals, families, and business owners on a wide variety of estate planning matters, including wealth transfer strategies.

JENNIFER R. SCHICK, ESQ. Jen is a member of the Trust and Estate Practice Group. Jen works closely with individuals and families to ensure that assets are transferred in a way that meets client’s overall needs, addresses any special familial concerns and minimizes any estate tax exposure. She advises individuals and families of all wealth levels on estate planning options and drafts comprehensive estate plans, including the preparation of wills, revocable trusts, irrevocable trusts, special needs trusts, and powers of attorney.  Jen assists individuals seeking to transfer wealth during their lifetimes utilizing options such as annual gifts, charitable remainder trusts or grantor retained annuity trusts. Jen has counseled business owners in developing and establishing business succession plans to transfer ownership to the next generation in a way that complements the individual owner's business goals and their personal estate plan.  Jen also advises fiduciaries in the administration of probate estates and trusts, including estate tax matters, fiduciary tax matters, and fiduciary accountings.

When: Thursday, June 14, 2012. 3:00 p.m. registration, 3:30 p.m. to 8:30 p.m. program

Location: The Red Blazer Restaurant, Concord, NH

Sponsor: New Hampshire Society of Accountants

Registration: Additional information and registration will be available on the New Hampshire Society of Accountants website.

Speakers: Anu Mullikin, Esq.,  Jen Schick, Esq. and Michelle Arruda, Esq.

New Hampshire's Reasonable Compensation Deduction and New Hampshire's Combined Reporting for Unitary Business

$192 Discounts may apply if you register for multiple seminars with Boston Tax Institute

New Hampshire’s hottest audit topic, reasonable compensation for owners of corporations, limited liability companies, partnerships and proprietorships, will be covered in depth during the morning session. The New Hampshire General Court has changed New Hampshire’s reasonable compensation deduction for owners of corporations, limited liability companies, partnerships, and proprietorships again for taxable years beginning in 2011. We will examine the provisions of the 2011 law, the Administrative Rule for reasonable compensation adopted by the Department of Revenue Administration, the appeal process, and the new burden of proof in detail. Other issues will include a comparison of the new and old compensation provisions under the Business Profits Tax for 2009, 2010, and subsequent years; and the use of Internal Revenue Code Section 162, Treasury Regulations, and Federal Court precedent to determine reasonable compensation and planning opportunities that are available.

Combined reporting for unitary businesses is the topic during the afternoon session. New Hampshire’s combined reporting for unitary businesses is mandatory for purposes of the Business Profits Tax and applies to proprietorships, partnerships, single-member and multi-member limited liability companies, trusts and corporations. Issues to be addressed include New Hampshire’s unique application to incorporated and unincorporated businesses; the multi-state nexus requirement; the composition of the water’s edge group; the ownership, unity of use & unity of operation requirements; and potential planning opportunities.

When: June 18, 2012, 8:15 a.m. registration. Seminar 9:00 a.m. to 5:00 p.m.

Location: Chateau Restaurant, 131 River Road, Andover, MA 01810. (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.

New Hampshire’s Combined Reporting for Unitary Businesses

$135 members/ $185 nonmembers

New Hampshire’s combined reporting for unitary businesses is mandatory for purposes of the Business Profits Tax and applies to proprietorships, partnerships, single-member and multi-member limited liability companies, trusts and corporations.  Issues to be addressed include New Hampshire’s unique application to incorporated and unincorporated businesses; the multi-state nexus requirement; the composition of the water’s edge group; the ownership, unity of use & unity of operation requirements; and potential planning opportunities.

This program qualifies for 4.0 hours of CPE based on 50 minute hour.

NH Taxation of Businesses & Their Owners

$175 Discounts may apply if you register for multiple seminars with Boston Tax Institute

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 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”. The RETT discussion includes an overview of the provisions focusing on NH real estate companies. Our instructors provide a separate ½ day seminar which examines in detail the NH Compensation Deduction

When: September 20, 2012, 8:15 a.m. registration. Seminar 9:00 a.m. to 5:00 p.m.

Location: Fireside Inn, 81 Riverside Street, Portland, ME 04103. (directions)

Sponsor: Boston Tax Institute

Attorneys 

	Jon B. Sparkman Chair		Steve Cohen		Jason E. Cole
	Benjamin F. Gayman		Harper R. Marshall		Justin T. Vartanian
	Daniel E. Will

Other Professionals 

	Maurice P. Gilbert