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Hillsborough County planning $6.1M renovation of Goffstown complex

Hillsborough County planning $6.1M renovation of Goffstown complex

Yahoo19-02-2025

Feb. 18—A $6.1 million renovation project at the Hillsborough County complex in Goffstown will include more space for the sheriff's office and the construction of a building to house the UNH Cooperative Extension.
"A major part of this reorganization includes relocating the sheriff's office, which will move into newly renovated spaces on the second floor of the Bouchard building and into the first-floor space currently occupied by the UNH Cooperative Extension," County Administrator Chad Monier said Friday.
Manchester construction company Brookstone Builders Inc. will serve as general contractor for the project at 329 Mast Road.
"The UNH Cooperative portion we're demolishing (is) an existing barn and (we're) building a new building on the same footprint or foundation for UNH," company President Karen Scales said.
Parking lot upgrades and landscaping also are included, she said.
At the sheriff's office, workstations now are shared by multiple staff members, Monier said.
"The dispatch area, which is roughly 238 sq. ft., regularly accommodates up to five individuals, all in close quarters with no access to outside air," he said in an email.
The renovation will create suitable areas for a law enforcement office, emergency dispatch center, offices, storage and conference room space, he said.
Other county departments also will relocate into larger areas in the Bouchard building.
An official at the cooperative extension referred questions to Monier.
Pandemic relief
Federal pandemic relief funds will pay for the project, which should be completed by Sept. 30, 2026.
Without the funding from American Rescue Plan Act of 2021, "these needed upgrades would have had to be delayed, which could have further strained county operations and impacted its ability to meet the needs of the public and staff," Monier said.
Federal law requires that states obligate, but not completely spend, all of the ARPA money by year's end or Washington takes back whatever is left to the federal treasury.
County commissioners did that in late December.
Monier said the town of Goffstown confirmed on Friday morning that the required permits will be signed on Tuesday. County officials intend to begin the project as soon as possible, he said.
mcousineau@unionleader.com

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  • Forbes

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CAE announces renewal of normal course issuer bid
CAE announces renewal of normal course issuer bid

Yahoo

time10 hours ago

  • Yahoo

CAE announces renewal of normal course issuer bid

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What Small Business Owners Need To Know About Filing And Paying Taxes
What Small Business Owners Need To Know About Filing And Paying Taxes

Forbes

time12 hours ago

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What Small Business Owners Need To Know About Filing And Paying Taxes

Lots of wage earners only file tax returns once a year. But small business owners, including the self-employed, have additional taxes to worry about–and possibly year round. While many wage earners only concern themselves with taxes on one day of the year, small business owners often have filing requirements all year round. In addition to income tax returns, you may be required to file and pay payroll taxes, sales and use taxes, excise taxes, and more—on the federal, state, and local levels. It's a lot to juggle. And while I'm a big proponent of having a team to help with tax matters, you should still be aware of what—and when—to file. Here's a quick summary of what you need to know. Most businesses will need an Employer Identification Number (EIN) — think of it as your business's Social Security Number. This number is what you'll use to open your bank account and file your tax returns. 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The rates are the same for both employees and employers (6.2% for Social Security tax and 1.45% for Medicare tax). Employers are also required to collect the Additional Medicare Tax of 0.9% on wages exceeding $200,000 for single filers and heads of household (it's $250,000 for married couples filing jointly and $125,000 for married individuals filing separately)—there is no employer match for this tax. You may also need to withhold federal income tax from your employees' wages. To figure that amount, ask your employees to complete Form W-4. You won't file the employee's Form W-4 with the IRS, but you do need to hold onto it for your own records. During each pay cycle, you will collect payroll taxes and deposit them with the IRS according to a schedule. This schedule is determined by the amount of money you collect and is typically monthly. You will also report those deposits to the IRS. This is where things can get a little confusing. It's not uncommon for your reporting frequency to differ from your deposit frequency. For instance, your business may be required to deposit payroll taxes on a monthly basis but report those deposits on a quarterly basis. Pay close attention to the due dates for both. Failing to report and remit payroll taxes can result in serious consequences. For example, a trust fund recovery penalty may apply. The penalty is 100% of the unpaid trust fund tax and may be imposed on those the IRS deems responsible for collecting or paying the tax. That means that the liability becomes personal (as opposed to a business liability) and isn't easily discharged. Even more serious? Those employers and responsible persons who fail to pay over trust fund taxes may be subject to criminal charges. Sentences can result in restitution and jail time. You can't outrun the liabilities either: Unpaid payroll tax liabilities typically do not disappear. If you close down your business or move away, those liabilities stay with you. Your business may also be responsible for paying Federal Unemployment (FUTA) Tax if you paid wages of $1,500 or more in any quarter during the year or if you had one or more employees for at least some part of a day in 20 or more different weeks during the year. The rate of tax for FUTA is 6% on the first $7,000 you pay to your employees during the year. You may be able to offset that amount with unemployment taxes you paid to a state. This isn't considered a proper "payroll tax" since this tax is only paid by employers, not employees. If you are a sole proprietor or have no employees, you are responsible for the Self-Employment tax (SE). In a typical employer-employee relationship, the employer pays a portion of Social Security and Medicare taxes, and the employee pays a corresponding portion. When you work for yourself, there's no employer to pay the employer portion, so you have to pick up both sides of the cost through the SE tax. Generally, you must pay SE tax if your net earnings from self-employment were $400 or more. Special rules may apply to those who work for churches, government employees, and others (check with your tax professional if you're not sure whether special rules apply to you). Excise taxes may also apply if you perform certain kinds of services or manufacture and sell certain goods. This generally includes 'sin taxes' (such as those on alcohol and tobacco) as well as fuel taxes, air transportation taxes, and other taxes. While I'm generally focusing on federal taxes, be aware that state and local tax obligations may also apply to small businesses. In addition to income and payroll taxes, many state and local authorities impose sales and use taxes. Just five states (Alaska, Delaware, Montana, New Hampshire, and Oregon) don't have a state sales tax. Sales tax is a tax on the exchange, sale, or transfer of goods and services—exactly how much tax is owed and on which products is determined by state or local law. Sales taxes are typically added to the sales price at the register or checkout and are paid by the consumer—this is also true for online sales. The business that collects the tax is responsible for filing the appropriate tax returns and remitting the tax to the appropriate taxing authority. Not only can managing your tax picture take up a lot of time, but the complexity can sometimes feel overwhelming. A good tax professional can assist you with preparing, filing, and paying your taxes. I highly recommend small businesses find a reliable payroll company. While larger companies may have in-house resources to handle payroll accurately, small businesses often do not. A dependable payroll company will collaborate with you to ensure that your employees are paid on time and that the correct amount of taxes is withheld and remitted, including federal, state, and local taxes. A good payroll company will also ensure that the proper amounts are withheld for other pre-tax benefits, such as health insurance and retirement plans. Typically, payroll companies charge a flat fee plus a per-employee fee. The amount depends on the complexity of payroll, including whether the payroll company also administers benefits. Even when you use a payroll company, remember that your business is still on the line with the IRS and other tax officials. Opt for a reputable company and ensure it's bonded and insured. Once you find one you like, pick up the phone and schedule a meeting to discuss your options. You don't have to wait until December to get started—with today's software, there's generally a quick turnaround to get started (no more waiting until the beginning of the year). If all of this seems rather intimidating, it is. That's why I recommend working with a team to keep your taxes straight. And if you're already behind on your taxes? Don't despair. It's fixable. Take a deep breath and contact a good tax attorney.

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