"New N.H. LLC Tax Now in Effect" as reported in today's Feb 20 Nashua Telegraph by Kevin Landrigan because a legislative committee voted 6-4, along party lines, to give it 'the big green light' on Friday, February 19.
Bad news; the tax is retroactive back to January 1, 2009.
Not so bad news but definately not good news; first $50,000 in LLC distributions paid out are exempt. (me-thinks !?)
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So, what if anything will the Sunday Union Leader, the voice of the NH Republican Party, have to say about this. It should be all over the Sunday front page. Time to put on my dark sunglasses & go take a peek at today's U-L ....
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From Tom Fahey's column in today's U-L. ...
"Marlene Gazda, chief executive of the NH Society of Public Accountants, said her members have been following the issue and are ready to work with DRA on final details in the rules.
Although time is short she said 'we make it happen. We have to. It's not as if this comes as a surprise, and now we have the green light.'"
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...you gotta read this!
Feb 21
www.concordmonitor.com front page
Defining 'reasonable compensation'
state taxes profits but not salaries
by Shira Schoenberg
& e-mail comments
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LLC Tax LLC Tax LLC Tax LLC Tax LLC Tax
Say it loud! : LLC Tax-5%
...hey, misery luvs company!
