Thursday, November 6, 2014

Free Tax Workshop November 12th in Manchester

Dear ,
Last chance to register for this free TAX workshop.

You and your guest are invited to Business /Landlord  workshop.

We are thrilled to open the registration process for our November 12th  workshop. This workshop will be held in the Community Room in Manchester NH and it is free.
This event will be covering:
  • TAX INCREASES for 2014-2015
  • Learn more about what to do to prepare for an Audit.
  • How will the new Tax increases effect you personally.
  • The IRS is loaded and coming after your $$.
Registration Open  
Please forward this invitation to someone you know that is interested in learning more about Taxes and saving Money.
Looking forward to seeing you there!
 

ThanksRick Blais
WHENWednesday November 12th 7:00pm-9:00pm
WHERECommunity Room
50 Queen City Ave.
Manchester, NH 03103

MORE INFO 
Call 603-232-9195
Doors open at 6:40 so you can meet other people with your same interest.

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Sent By:
Rick Blais, Primerica
50 Queen City Ave.
Manchester NH 03103
 
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Friday, October 17, 2014

Trade Your S Corporation For An LLC

Trade Your S Corporation For An LLC


October 2014By MaryLiz Geffert
Published in the New Hampshire Business Magazine

Every business owner is looking for ways to save money and make more. In NH, that can be accomplished by converting an S corporation with NH shareholders to a limited liability company (LLC). In summer 2013, the NH Department of Revenue Administration issued a ruling allowing that conversion with no taxes due. Also, if the equity of the resulting LLC is not freely transferable shares, NH owners of the LLC will not owe NH interest and dividends tax on future LLC distributions paid to them.

In NH, businesses face two layers of state income tax: the Business Profits Tax and Business Enterprise Tax, and the Interest and Dividends tax. The Business Profits Tax, set at 8.5 percent of a business's income, applies if annual gross receipts exceed $50,000. The Business Enterprise Tax is set at 0.75 percent of the company's enterprise value tax base, or total compensation paid out, including dividends and interest.

Granite Staters must pay a 5 percent Interest and Dividends (I&D) tax on distributions or dividends paid by corporations (including S corporations) and LLCs. There is one exception: If the equity of an LLC is not freely transferable, then the I&D tax doesn't have to be paid on distributions to the LLC's NH owners. LLC equity is con- sidered not freely transferable ifit cannot be transferred without prior approval from the LLC owners or if transfer causes the LLC to be dissolved. Because of this exception, many NH businesses prefer organizing as an LLC to enjoy a single layer of NH tax.

Adding to an LLC's allure is that federal law imposes only one layer of tax at the owner level on income of S corporations and most LLCs. Federal tax law allows considerable tax-flexibility to LLCs, which are taxed only at the owner level by default, unless it elects to be taxed as a corporation by checking a box on the simple form. Rulings issued by the Internal Revenue Service (IRS) in 2005 and 2008 enhanced this flexibility by permitting S corporations to convert to LLCs without owing tax on conversion so long as there was no change in ownership or economic position of the owners. A simple form is filed with the IRS within 75 days of conversion.

Those IRS rulings created increased interest for S corporations to convert to LLCs in NH to avoid paying the state's I&D tax. But businesses were concerned the NH Department of Revenue Administration would consider these conversions to be tax events, resulting in businesses paying more in Business Profits Tax and Business Enterprise Tax and, for S corporations that own real property, a transfer of real property on which Real Estate Transfer Tax would be payable.

The July 26, 2013 Declaratory Ruling from the Department of Revenue Administration alleviated these concerns. It is now fairly secure that conversion of a NH S corporation to a NH LLC taxed federally as an S corporation will not subject the S corporation, the resulting LLC or the owners to any additional NH taxes.

M.L. Geffert is a member of the Corporate Department at the law firm of McLane, Graf, Raulerson & Middleton, Professional Association.   She can be reached at maryliz.geffert@mclane.com or 603-334-6929. The McLane Law Firm is the largest full-service law firm in the state of New Hampshire, with offices in Concord, Manchester and Portsmouth as well as Woburn, Massachusetts. - See more at: http://www.mclane.com/resources/article-detail.aspx?id=1063&utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original#sthash.M5zyyyj8.dpuf

Monday, September 15, 2014

October 9th - The New Hampshire Eviction Seminar

The New Hampshire Eviction Seminar 
Thursday, October 09, 2014 9:00 AM - 12:15 PM (Eastern Time)

The Yard Restaurant, Manchester, NH
1211 South Mammoth Road
Manchester, New Hampshire 03109
United States

Map and Directions

Attorney Fred K. Mayer III will be the featured speaker at this three-hour New Hampshire Landlord and Tenant law seminar.  Attorney Mayer will take you through the entire eviction process, from preparation of eviction notices and demands for rent through post-eviction issues, such as landlord storage obligations and security deposit disputes.

Cost: $149 (only $129 if you register before September 20, 2014).

October 1st - Landlord Training Workshop


Landlord Training Workshop
You and your guest are invited. 

  • Learn how you can grow your net worth and earn extra money. 
  • Help offset your retirement shortfall?

We are thrilled to open the registration process for our October 1st workshop. This workshop will be held in the Community room in Manchester NH and it is free.
This event will be covering:
  • Advertising to get the best tenant prospect
  • Screening for good tenants
  • Leasing Process
Seating is limited to the first 35 registrations
Please forward this invitation to someone you know who might be interested in learning more about being a Landlord.

Looking forward to seeing you there!
 
ThanksRick Blais
WHENWednesday October 1 st 7:00pm-9:00pm
WHERECommunity Room
50 Queen City Ave.
Manchester, NH 03103

MORE INFO 
Call 603-232-9195
Doors open at 6:40 so you can meet other people with your same interest. No food for this event.



Sent By:
Rick Blais, Primerica
50 Queen City Ave.
Manchester NH 03103
 

Sunday, September 7, 2014

Vote Sept 9th - This is our best opportunity for legislative influence

Howdee everyone,
 
Well this is it.  It’s time to vote & this is where we can make a strong influence on what lies ahead legislatively.
 
Included below:
1. Generality of party platforms
2. HB1409 Anti-Discrimination voting record
3. SB176 Lead Law voting record
4. Friendly/Unfriendly legislators
5. How to get voting records so you can be even more informed.
 
1. Generality of party platforms
If you’ve been involved legislatively then you know that there is a tone in the legislature that is set by simply who is elected.  It is critical that we all get out & vote now to assist in setting the basic tone of the legislature so that the elected legislature will be more receptive to our position on future legislation.
 
There is a generality that says democrats are less landlord/property rights/business friendly and republican are more landlord/property rights/business friendly. 
 
This link lists the entire House voting records for HB1409 which was a strongly anti-landlord/property rights/business bill.
 
You may remember the bill as the house voted on it was still an extremely negative bill for landlord/property rights/business.  Please note that 86.88% of democrats voted for the bill, 94.49% of republicans voted against the bill.  Also we only “lost” that vote by 6 votes 147 to 141.
That means if only 4 of the yeas were converted to nays the bill would have lost in the House.
 
We feel this is a dramatic demonstration of how important your vote is now.
 
2. HB1409 AntiDiscrimination voting record
Attached is an Excel file with the entire house voting record for HB1409 so you can look up the legislator running in your local election to get a better idea of whether to vote for or against them.
(FYI by the time HB1409 went through the Senate it was converted to a recommendation for a study committee and ALL 24 senators voted for it).
 
3. SB176 Lead Law voting record
Also in the same document is the entire voting record for 2007 SB176 which put in place the “New Lead Law” that many property owners have suffered with and a good many have lost their properties over.
 
4. Friendly/Unfriendly legislators
As well, included below in the body of this email, are some notes we have collected on legislators we have found to be landlord/property rights/business friendly or unfriendly and why we believe so.  We do our best to base this assessment on voting records and facts of their participation.
 
There are more notes I would be happy to give you individually that are based on referral by others we know to be “friendly” or “unfriendly” but for which we only have a referral or little personal experience.
 
5. How to get voting records so you can be even more informed.
  • In “State Legislation Dash Board” box click Voting Records.
  • In either House or Senate click the year you want then click Search.
  • In Bill No(s) select the bill number you want then click Search.
  • Click View Votes for full detail (note there could be a history of votes with different amendments).
Please make a positive difference. We need everyone to be proactive.  Do a little review of the enclosed notes, possibly a little more of your own the get out and vote!
 
Love & Light,
Nick Norman
Director of Legislative Affairs
 
Landlord/Property Rights/Business Friendly Legislators
 
Senator David Boutin - Worked hard to put HB1409 Anti-discrimination to study commission instead of adoption into law with out a large vetting process.

Representative Shawn Jasper - Shawn is a strong supporter of property rights. 

Representative Mark Warden - Mark is a realtor; a landlord; a member of RPOA Rental Property Owners; has sponsored pro-landlord bills; very instrumental in fighting HB1409 anti-discrimination; worked hard to oppose anti-landlord bills; helps sponsor and decide on new pro-landlord bills; has been extremely helpful in advising us in support of our legislative effort.

Representative Steve Beaudoin - Steve is a landlord; a member of RPOA Rental Property Owners; has sponsored pro-landlord bills; very instrumental in fighting HB1409 anti-discrimination; worked hard to oppose anti-landlord bills; helps sponsor and decide on new pro-landlord bills; has been extremely helpful in advising us in support of our legislative effort.

Representiative Warren Groen - Warren is a landlord; a member of RPOA Rental Property Owners; worked hard to oppose anti-landlord bills.

Representative Laura Jones - Laura has helped in our meetings to plan proposing new pro-landlord legislation and very helpful to our legislative effort in general.

Representative Susan Demers – Susan fought for 7 day storage on abandoned personal property.

Representative Mike Silva - Mike strongly opposed HB1409.

Representative Robert Rowe – Robert strongly opposed HB1409.

Landlord/Property Rights/Business UnFriendly Legislators

Representative Betsy DeVries - A few years back Betsy sponsored several bills that would have hurt the landlord business.

Representative Mary Till - During HB1409 discussions she was approachable but even after much explaining couldn't seem to understand our arguments and voted for HB1409 Anti-discrimination.

Running for US Congress – Frank Guinta - Frank Guinta as Mayor of Manchester,NH sent letter to state supporting the new lead law which dropped BLL (poisoning level) from 20 to 10ug/dl.

Running for Representative Concord area – Dan Feltes - Dan has long been one of the main voices from NHLA, the main tenant advocacy group of NH, for those of you that know think of electing Elliot Berry, it would have the same effect.  Dan was one of the authors of HB1409 Anti-discrimination.

Thursday, July 31, 2014

August 2014 - Schedule of Landlord Meetings and Training Classes

August 2014 - Schedule of Landlord Meetings and Training Classes
Aug 8th 10am - 12Noon, Somersworth NH
Join Nick Norman, Legislative Director for the RPOA if you are interested in moving NH's Landlord/Tenant Laws more to our favor. For directions, contact nicknorman@yahoo.com if you are interested in attending. 

Aug 13th 7:00pm - 9:00pm Landlord Boot Camp
This event will cover how to advertise your rental, screen for good tenants, record keeping,as well as the leasing and eviction process
Location: Community Room, 50 Queen City Ave, Manchester, NH 
For more info call 603-232-9195

Aug 4th - 27th Lead-Edu Classes, Manchester NH
New classes are being offered in RRP Initial Certification, Lead Abatement, as well as RRP Refresher Certification!!
To register, call or email Ben at 603-203-6430 or Ben@KKirkwood.com 

Wednesday, July 30, 2014

LEAD-EDU has added New Classes for Lead Paint Certification

MANY NEW CLASSES ADDED, including RRP Refresher!!

 

We have recently added classes for RRP Initial Certification, Lead Abatement, and also RRP Refresher Certification!!
  The EPA is requiring that all contractors working on pre-1978 properties containing lead paint obtain RRP EPA/HUD Lead Paint Certification.  Many of you received this certification in 2009 and need the refresher course.  Check your expiration dates.
This includes landlords, renovation contractors, window replacement workers, property maintenance workers, painters, plumbers, electricians, carpenters, siding contractors and anyone else that may be disturbing lead paint in a child occupied facility and/or pre-1978 building.




The current fine for working without this certification is $37,500 per violation!!
  
Don't Let This Happen to You!! Sign up or get renewed now!
Many Lead Abatement classes have also been added!
  

CHECK OUR WEBSITE FOR NEW DATES!!
  
  
  
To register Click Here or contact Ben at 603-203-6430