General

Published on: November 16, 2015

Affordable Care Act Reporting Requirements

If you employ 50 or more full-time employees, you may be subject to the Shared Responsibility payment and reporting rules under the Affordable Care Act (ACA). Employer Pay or Play…

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Published on: November 16, 2015

Year-end tax planning for 2015

As the end of the year approaches in Maine and around the country, it is a good time to think of planning moves that will help lower your tax bill…

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Published on: October 29, 2015

The 2015 Small Business Success Bootcamp

Accountants from LG&H, in conjunction with SBA and SCORE, provided a free seminar for new and potential business owners called “The 2015 Small Business Success Bootcamp” in Bangor on October…

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Published on: October 19, 2015

Recent Tax Updates, Fall 2015

The following is a summary of important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call…

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Published on: September 25, 2015

Recent IRS developments that may affect a client’s tax situation

Supreme Court upholds subsidies for health care purchased on Federal Exchange. The Supreme Court by a 6-3 vote determined that premium tax credits (also known as health insurance subsidies) under…

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Published on: September 25, 2015

Fringe Benefit Rules for Shareholder-Employees of S Corporations

Whether in Bangor, Maine or elsewhere in the United State, shareholder-employees of S corporations continue to be subject to some special income tax rules. The term shareholder-employee refers to individuals…

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Published on: September 25, 2015

Small Business Success Boot Camp

Click here to download flyer

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Published on: November 19, 2014

New One-a-Year IRA Rollover Rule for 2015

Before January 1, 2015, an individual could rollover a distribution from one IRA to another IRA in a nontaxable transaction if the rollover was completed within 60 days after the…

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Published on: October 30, 2014

Business and the Affordable Care Act

The Patient Protection and Affordable Care Act (the Affordable Care Act) had some key provisions that apply to businesses. Perhaps the item of most interest to employers is that beginning…

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Published on: October 30, 2014

Individuals and the Affordable Care Act

The 2010 health care reform legislation was landmark legislation that affects all individuals in some way. Besides the obvious effect this massive legislation has on health care, there are many…

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