Accountants from LG&H gave a free presentation for new and potential business owners called “10 Tips for Starting and Running a Successful Business” in Bangor. Here are the slides presented and a checklist that was provided for attendees. 10 Tips for Starting and Running a Successful Business New Business Checklist

The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to…

Call us today if you have foreign financial accounts and review the following IRS links for more information: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Report-of-Foreign-Bank-and-Financial-Accounts-FBAR http://www.irs.gov/Businesses/Comparison-of-Form-8938-and-FBAR-Requirements

Special Report – Filing Season Developments Impact Ongoing Tax Strategies Click for more information

IR 2014-34, 2013 Data Book, click here. IRS has issued its annual data book, which provides statistical data on activities conducted by IRS from Oct. 1, 2012, to Sept. 30, 2013, and includes information about returns filed, taxes collected, enforcement, taxpayer assistance and IRS’s budget and workforce. In addition, the data book provides valuable information…

…Increasing the federal minimum wage would be like a two-edged sword for the fortunes of low-wage workers, according to a report by the Congressional Budget Office (CBO) that was released on Feb. 18. (Pub. No. 4856 – The Effects of a Minimum-Wage Increase on Employment and Family Income) On the one hand, most low-wage workers…

The Impact of Upcoming Tax Changes is the powerpoint LGH’s Glenn Goodwin, CPA – Managing Partner presented at the Spectacular Event Center on November 20th during the Money Matters: A Discussion On The Current Market & Tax Environment sponsored by the Arata Group at Morgan Stanley. View The Impact of Upcoming TaxChanges – Tax Changes…

Our own Leslie Poake and Andrea White, CPA presented on Internal Controls to the Bangor Chapter of the Institute of Management Accountants on January 22nd . Here is a copy of the discussion. View Internal Controls 2014

…Under current conditions and taking into account available tax credits, purchasers of electric vehicles will face lifetime costs that are generally higher than those of conventional vehicles of comparable size and performance, according to a recent presentation by the Congressional Budget Office (CBO) at the 2013 EIA Energy Conference. Tax credits can amount to as…

A new Congressional Research Service (CRS) report lists the temporary tax provisions (i.e., “tax extenders”) currently set to expire at the end of 2013. “Tax extenders” defined. The Code presently contains dozens of temporary tax provisions. In the past, legislation to extend some set of these expiring provisions has been referred to by some as…

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