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EFS Celebrates 25 Years with Move To Downtown Bangor

We are proud to announce that EFS celebrated a milestone this past spring – 25 years in business. Beginning in a garage in Old Town, it wasn’t long before we had outgrown the space and moved to 716 Union Street. … Continue reading

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Hilary Clark passes all parts of the Enrolled Agent Exam

Since last tax season, Hilary Clark, has been busy studying for the Enrolled Agent Exam. The exam includes three days of testing. Hilary took the first part in May, the second in December and passed the last section in January. … Continue reading

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IRS Mileage Rates for 2017

Business Miles                                 53.5 cents per mile Medical Miles                                  17.0 cents per mile Moving Miles                                  17.0 cents per mile Charitable Service                          14.0 cents per mile   A taxpayer may not use the business standard mileage rate for a vehicle after using … Continue reading

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Important Changes in Corporate & Partnership Tax Filing Dates

The new deadline for C corporation returns has been moved from March 15th to April 15th  with an optional five month extension, however, C corporations with a June 30 year-end will not be affected until 2025 and qualify for a … Continue reading

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A Big Thank You to all who made our new office happen, including:

Scott Nickerson, owner Northern Wood Structures Bruce Harris, Northern Wood Structures Jeff Webber, Independent Telephone Company Rob Hinds, Granite Technology Group Bill Omlor, WC Omlor Electric Hilary Clark, EFS Tax Accountant & IT Manager Greg Edwards, EFS Accountant & Marketing … Continue reading

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Need a new office location?

The 716 Union Street location is available for sale. It has parking, excellent visibility on a high traffic road, a recent roof, recent high efficiency furnace, two heat pumps, completely insulated, wired throughout for phone and internet and has had … Continue reading

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Answers to Your Billing Questions

For someone who has not used a CPA firm, billing may be a mystery, but it is not complex.  Like any other business, we must charge enough to cover our expenses.  What are these expenses? CPA firms have large overhead … Continue reading

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Use your 990 as a Marketing Tool, not an Afterthought

Many non-profits consider preparation of the Form 990, Return of an Organization Exempt from Income Tax, a chore on their list of necessary evils – often extending and filing at the very last moment. There is another way to look … Continue reading

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How to Have a Smooth Audit!

Be ready for the auditors. Complete all the items listed in the year-end letter before the auditors arrive. Auditors are busy people, scheduling jobs weeks in advance.  When they arrive at a job, they expect the client to be ready … Continue reading

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Social Security Changes

Double claiming has been eliminated for people who turn 62 after 12/31/2015. Some dual-earning couples who are 66 or older have “double claimed” by having the lower earner claim half the higher earner’s social security temporarily while allowing the lower … Continue reading

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