News
Lily Dalton has passed all four parts of The Uniform CPA Examination, which is one of the three requirements to become a CPA. The other two requirements are education (150 college hours with a specified number of accounting/auditing courses) and two years’ experience totaling 400 hours. The exam takes four days of testing to complete; […]
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.
CPA firms that provide audit, review and compilation services must pass a peer review every three years to measure the quality of their work to ensure that they meet the rigorous AICPA (American Institute of Certified Public Accountants) standards. We are pleased to announce that once again we have passed our peer review with the […]
Please join us on Tuesday, January 28th from 4-7pm at the Center Theatre in Dover-Foxcroft for a meet and greet. We will be serving light refreshments and it is open to the public.
Congratulations John! John Baiamonte has passed all four parts of The Uniform CPA Examination. The exam is one of three requirements to become a CPA, the others being education(150 college hours with a specified number of accounting/auditing courses) and two years’ experience (including 400 hours in audit/accounting and 200 in taxation/advisory). The exam takes four days to complete. It […]
For years, we relied on a logo and website designed in house, but, after 10 years our website was too antiquated to use, and our logo was in need of an overhaul. Thanks to 5ive Leaf Design, we launched a new website this year and we updated our logo, letterhead, and soon all other printed materials. […]
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 […]
It has been our policy to answer phone calls with a live person as we believe our clients deserve superior service. However, the number of robocalls we receive each day has become so significant that it is hindering our work. Therefore, temporarily, we are allowing all calls to go to our answering tree first, which […]
Maine sales tax rates are changing effective October 1, 2013. The 5% rate will increase to 5.5%; the 7% rate will increase to 8% (the 10% rate does not change.) Consequently, the state is requiring annual filers to prepare two returns this year, one for the period through September 30th due on October 15, 2013 and one […]
The Maine Circuit Breaker program has been repealed and replaced with a Property Tax Fairness Credit. This credit can be claimed on the Maine Individual Income Tax form using the Property Tax Fairness Credit Worksheet which will be available in January of 2014. Eligibility requirements include: Maine residency for any part of the tax year […]
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 […]
This is our Second Annual Sustainability Report, outlining our recent and continuing efforts to increase our triple bottom line (people, planet, profit). We will continue reporting our progress as we become increasingly efficient and more beneficial to our community. Each section of this report will cover a topic of sustainability and what EFS has done or is […]