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FOUR THINGS TO KNOW ABOUT ADVANCE PAYMENTS OF THE PREMIUM TAX CREDIT
When you enroll in coverage through the Marketplace during Open Season, which runs through Jan. 31, 2016, you can choose to have monthly advance credit payments sent directly to your insurer. If you get the benefit of advance credit payments in any amount, or if you plan to claim the premium tax credit, you must file a … Continued
YOU MAY BE ABLE TO DEDUCT ALL HEALTH INSURANCE COSTS
Self-employed? You may be able to deduct all health insurance costs & your spouse’s too. Ask @roycpas for more info. #CPA360Tax. We are greater Bangor’s premier CPA firm for tax and financial planning services!
YOUR HEALTH INSURANCE COMPANY MAY ASK FOR YOUR SOCIAL SECURITY NUMBER
Your health insurance company may request that you provide them with the social security numbers for you, your spouse and your children covered by your policy. This is because the Affordable Care Act requires every provider of minimum essential coverage to report that coverage by filing an information return with the IRS and furnishing a … Continued
DON’T FALL FOR TAX SCAM TRICKS BY IRS POSERS
The real IRS will NOT: Call you to demand immediate payment. The IRS will not call you if you owe taxes without first sending you a bill in the mail. Demand that you pay taxes and not allow you to question or appeal the amount that you owe. Require that you pay your taxes a … Continued
BACK-TO-SCHOOL EDUCATION TAX CREDITS
The IRS has released a brief summary explaining education tax credits. If you’re in college, have a child in college or approaching college, it will be helpful to be aware of these. If you, your spouse or a dependent are heading off to college in the fall, some of your costs may save you money … Continued
PARTNER WITH A TOP LEVEL CPA FIRM FOR THE MOST COMPLETE SERVICE
When seeking a company to provide bookkeeping services in the greater Bangor area it is important to look beyond the accounting. By partnering with us, you will receive top level bookkeeping services as well as business consulting, tax planning, and wealth management solutions. While it is essential for a business to have up-to-date and accurate … Continued
MAKE SURE YOU HAVE UP-TO-DATE AND ACCURATE FINANCIAL STATEMENTS
Quick tip: To make the most of planning opportunities it’s essential to have up-to-date and accurate financial statements. Using this data, have a semi-annual meeting with your CPA to discuss the results and what can be done to better shape the future!
WE CAN HELP YOU ADDRESS THE ISSUES THAT KEEP YOU UP AT NIGHT
Where will your business be in five years? Would strategic budget cuts in some areas improve your company’s health? Are there ways you can boost revenue? If you’re nearing retirement, is there a buyer or successor in the wings? These are the kinds of questions that keep many business owners up at night.Fortunately, as your … Continued
LET US HELP YOU LEVERAGE WHAT YOU CAN LEARN FROM YOUR TAX RETURN
What does your tax return say about your financial situation? The fact is, the paperwork you file each year offers excellent information about how you are managing your money—and about areas where it might be wise to make changes in your financial habits. If you have questions about your financial situation, remember that we can … Continued
IS YOUR WILL UP TO DATE?
When was the last time you reviewed your will? People generally make wills to guarantee the proper disposition of their money and property, which is why it’s a good idea to consult your CPA when it’s time to create or update your will. We recommend that you revisit your will every time you experience a … Continued