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Mid-Year Tax Check-In

Posted by Michael Royer on Jun 29, 2017 8:32:26 AM

 

Last year's tax season may seem like it is just behind us, but the 2017 tax year is already halfway over! Did you know a mid-year assessment can influence your tax outcome? If you’d like to minimize your tax liability and the effort involved with tax filing, let out knowledgeable accountants conduct a review today.

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Topics: Insider, Tax Tips, Tax Laws, Tax Planning, Accounting, BTR, Accounting News

That Nice Bookkeeper? They Might Be Stealing from You!

Posted by Shannon Brozyna on Jun 23, 2017 8:35:00 AM

 

 

The news headlines are full of reports of bookkeepers embezzling from their employers.  Some of these, just in Maine for 2017 alone, are:

Bookkeeper embezzled more than $850,000 from Daniel Lilley law firm, lawsuit alleges[i]

Woman admits embezzling more than $91,000 from (South Portland) housing authority[ii]

Former Farmington Food Pantry Treasurer Gets 30 Days in Jail for Stealing $300K[iii]

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Principles and Control for Fraud Prevention

Posted by Shannon Brozyna on Mar 1, 2017 12:00:01 PM

Occupational fraud is an increasing concern for many organizations. According to the Association of Certified Fraud Examiners’ (ACFE) 2016 Report to the Nations on Occupational Fraud and Abuse, the typical organization loses 5% of its annual revenue to fraud. If applied to the 2014 Gross World Product, this translates to a potential fraud loss of nearly $3.7 trillion. The median loss caused by occupational fraud found from their study was $150,000. Additionally, 23.2% of cases involved losses of $1 million or more. According to the report, small businesses, government and public administrations are commonly victimized and 58% percent of the victimized organizations did not recovered any of their losses due to fraud and only 12% made a full recovery.

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Topics: Accounting News, Fraud, Organization Fraud, Fraud Prevention

Workplace Flexibility - It Works!

Posted by Shannon Brozyna on Feb 24, 2017 10:20:13 AM

 

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Topics: Accounting, Work Life, Tips, Flexible Schedule

How Much "Accounting" do you need?

Posted by Michael Royer on Jan 27, 2017 11:16:35 AM

Every business, from a Fortune 500 Company to a one-person consulting practice, needs to account for their revenues, expenses, asset, liabilities, and equity in a systematic manner.  Who needs this “accounting”?

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Topics: Tax Tips, Tax Planning, Accounting

Year-End Planning: Individuals

Posted by Shannon Brozyna on Dec 1, 2016 10:55:00 AM

 

Many individuals are making plans for colder weather and the year-end holidays. Not to be overlooked should be year-end tax planning. Every individual can develop a year-end taxplanning strategy that reflects his or her situation. Our office can help you prepare such a strategy, and the earlier we get started, the greater the potential maximization of benefits.

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Year-End Planning: Businesses

Posted by Shannon Brozyna on Nov 29, 2016 10:33:00 AM

Is Your Business Ready?

As businesses approach year end, each has a unique opportunity to save additional taxes through taking a variety of strategic steps. Businesses seeking to maximize tax benefits through 2016 year-end tax planning may want  to consider several general strategies, such as use of traditional timing techniques for  income and deductions, and the role of the tax extenders (those made permanent and those  expiring at the end of 2016), as well as strategies targeted specifically to their particular  business.  

As in past years, planning is uncertain because of the expiration of at least some popular but temporary tax breaks. Also added to the mix is the far-reaching Affordable Care Act (ACA) and whatever changes to 2017 the new Congress and Administration may make to the Tax Code.

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Topics: Tax Planning

Identity Theft

Posted by Michael Royer on Oct 3, 2016 10:53:00 AM


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Topics: IRS, Tax Scams, Accounting, Trust, Identity Theft

12 Do's & Don'ts Every Entrepreneur Should Know

Posted by Michael Royer on Sep 21, 2016 9:28:00 AM

We’ve all seen startup companies flourish, and we’ve all seen them fail. You’ve probably noticed that success or failure is often based on a company’s financial situation. By “financial situation” I don’t necessarily mean just how much money you do or don’t have, but also how you track it, where you spend it, your expectations, and so on. 

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Topics: Start Up, Entrepreneurs

Tax Scams To Watch Out For This Summer

Posted by Michael Royer on Jul 27, 2016 3:00:00 PM

 

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Topics: IRS, Tax Scams

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