To assist our clients with their finances, EFS offered tax planning utilizing our new planning software this past summer and fall. The package included two meetings and a report summarizing the results. Several of our clients used this service. Although we cannot discount the consultations during tax season, it is still available.
Almost weekly, we read in the paper or hear on the news about another Maine business being hurt by employee theft. Sometimes the losses are well over $50,000. No business can make themselves exempt from such losses, but there are steps that can be taken and controls put into place that will reduce your exposure […]
John Baiamonte, one of our CPAs from Dover, will be spending more of his time in the Penquis area to assist our many long time clients as well as seek new clients who have the need for a CPA.
Our in house QuickBooks ProAdvisor, Eric Smith will be teaching a free introduction to QuickBooks on October 30, 2013 from 8:00 am to 10:00 am. Who Should Attend: This workshop is for business owners who are new to QuickBooks or want to use it better What You Will Learn: Importance of keeping and managing your business […]
To assist our clients with their finances, EFS is offering a tax planning package utilizing our new planning software. The package includes two meetings and a report summarizing the results and is available to our 1040 clients. The cost for this planning package is available at a discounted flat fee of $225 through November 15, […]
There is still time to do 2013 tax planning for your business. $500,000 expense allowance exists for equipment purchased in 2013. Next year’s ceiling is expected to decrease to around $145,000. The 50% bonus depreciation is scheduled to expire in 2014. There are other breaks that may also apply to your business. Give us a call […]
We are all dealing with the many ins and outs of the new Affordable Health Care Act. Although its intent is to help control the cost of health care, it is a very complex law with changes and delays making it even more difficult to comprehend. Lily Dalton, in our office, has been assigned the task […]
Edwards, Faust & Smith will be holding a seminar for clergy, clergy spouses, financial secretaries, church treasurers, and individuals who prepare W-2s for the clergy. The Seminar will be at FIRST UNITED METHODIST CHURCHESSEX STREET, BANGOR ME MONDAY JUNE 24, 20131:30 PM – 4:30 PMCheck-in starts at 1:00 PM $10.00 per person Clergy and Congregations […]
Every year, numerous small businesses fail – not because they had a bad business nor for lack of business, but because they didn’t take the time to control their finances. If you want to survive in today’s economic climate, you must have financial information that tells you if you are making money, which expenses are […]
Sometimes clients are confused as to how we bill and will question why certain services are billed. In the next few paragraphs, we will try to explain what is involved in the billing process. CPAs have only one product to sell – our expertise in audit, accounting and taxation. It takes years of study and […]
EFS is pleased to announce that Lily Dalton joined our firm in December to assist managing the tax department. Lily graduated from California Polytechnic with a BS in mathematics, from San Jose State with an MS in mathematics and she received a Post Baccalaureate Certificate in Accounting from the University of Maine with a 4.0 […]
It is important, when starting a business, that a good business plan is developed before you start. This document can save you time and energy in the long run. A business plan is made up of a summary of your new organization, an analysis of the industry, your target customer base, the geographic area you […]