What is the Employee Retention Credit?
The Employee Retention Credit (ERC) is a CARES Act relief program that allows for a refundable federal tax credit against payroll taxes. It is designed to help businesses, including tax exempt [...]
The Taxability of COVID-19 Financial Relief Funds
The rules have been set and the New Hampshire Department of Revenue Administration (NHDRA) is helping taxpayers understand the tax implications.
Where is My Stimulus Payment?
Are you still waiting for your IRS stimulus payment from the first coronavirus relief package? Congress is currently working on a second relief package. Yet, despite their efforts, many Americans [...]
Penalty-Free Pandemic-Related Early Retirement Distributions
The CARES Act provides relief to people under age 59 ½ that are impacted negatively by the pandemic. This relief includes coronavirus-virus related distributions and emergency withdrawals of up [...]
PPP Application Period Extended
The Paycheck Protection Program (PPP) application window has been extended until August 8.
Self-Employed Livelihood Fund (S.E.L.F.)
Emergency relief is available to New Hampshire self-employed for-profit businesses through the Self-Employed Livelihood Fund (S.E.L.F.). The grant application period runs from July 6 to July 17 (4pm).
NH Nonprofit Emergency Relief Fund
New Hampshire Governor Chris Sununu, through the Governor’s office for Emergency Relief and Recovery (GOFERR), established the NH Nonprofit Emergency Relief Fund. Supported by the CARES Act, $60 [...]
IRS to Allow Mid-Year Changes to Employee Health Plans and Dependent Care Elections
The IRS released guidance to temporarily allow changes to section 125 cafeteria plans.
