General
2016 Tax Changes in Maine That Will Benefit Our Nation’s Veterans
Maine wants to be an attractive destination for both current and future military retirees. In an effort to do this, Maine has passed some tax provisions that will benefit Maine…
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W2 & 1099 Form Updates
Now that the summer is approaching an end we thought we would alert you to some recent changes and will post updates as we get them. Effective December 1, 2016…
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Should You Report Changes to the Health Insurance Marketplace?
Do you receive your health insurance coverage through the government’s Health Insurance Marketplace? Many who do also qualify for a premium tax credit, which those with moderate incomes can use to…
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Tax Developments
There have been some tax developments that we thought may be of interest. If you would like to discuss any of these or other topics, do not hesitate to call…
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Recent Tax Updates
At Loiselle, Goodwin, & Hinds, we feel it is important for tax planning purposes to stay abreast of current developments in the tax arena and pass them on to you.…
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Changes in Tax Return Due Dates
Now that the rush of tax season is over, and we all have a moment to take a deep breath, it is time to look ahead to changes in the…
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Bonus depreciation changes in the 2015 PATH Act
The recently enacted “Protecting Americans from Tax Hikes Act of 2015” (i.e., the 2015 PATH Act) extended and expanded an important tax provision for business: bonus depreciation. Here’s an overview…
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Recent Tax Developments That May Affect You
It’s January and it’s cold here in Bangor, Maine. With all the snow and wind and freezing temperatures, it’s understandable that you may not want to venture out for a…
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Increase in Tangible Property Expensing
The good news is…the enhanced capitalization regulations that were enacted last year have changed. On November 24, 2015, the IRS announced that they were simplifying the paperwork and recordkeeping requirements…
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ABC Company Capitalization Policy
PurposeThis accounting policy establishes the minimum cost (capitalization amount) that shall be used to determine the capital assets that are to be recorded in ABC Company’s annual financial statements (or…
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