Certified Public Accountants
511 Congress St., Suite 900
Portland, Maine 04101
207-774-0882 - info@honeckotoole.com
Test your knowledge about deducting expenses on your individual or business tax return. Your prize if you know the correct answers? You might pay fewer taxes! As you keep track of your various tax deductions throughout the year, you really want to be sure which items are allowable…and at what percentage or amount? You may…
Freelancers, consultants, “work for hire” specialists, home-based and other workers are sometimes confused about whether the IRS sees them as an employee or an independent contractor when it comes to the arrangements they made with the companies paying them for their work. The IRS rules can be unclear and easily misinterpreted by workers and companies.…
Yes – we may be in a recession and the media will certainly let you know it on a daily basis. But your trusted Honeck-O’Toole team is here to calm your fears, help you look at the bright side, and give you some practical tips on how to take charge and be proactive so you…
Who says it’s all bad news regarding the economy? It may be the perfect time to start a new business or boost your career. It seems that current market conditions have created all kinds of unique opportunities for new businesses, existing businesses and service professionals. Here’s why. As people change their work, spending, travel and…
Taking certain deductions is your right as a taxpayer… as long as you have the records to substantiate them. Here’s a helpful guide to make sure all your tax deductions are easily and properly documented for your maximum benefit (and to pass IRS guidelines). The simple deductions Some tax deductions are simple to report because…
A sound strategy can get you through today’s credit climate. With the recent credit crisis, it’s important to consider how a sound strategy can help you navigate through turbulent times. We’ve collected the following tips from the AICPA (American Institute of Certified Public Accountants), to help you assess your current financial condition and start rethinking…
Knowledge is power when it comes to taking take control of any situation. When you arm yourself with clear information, it’s much easier to map out a smart plan to deal with whatever is happening … including the ups and downs of today’s economy. That’s what this article is all about: giving you ideas to…
If you’re like most of us, your financial information is no longer just tucked away in a home desk drawer or in a small safe. You probably trust a wide variety of organizations and professionals with your financial information through activities such as online banking and bill-paying, making online purchases, storing data, communicating via email…
In 2010, we featured tips on keeping your financial information safe, and we provided tips to protect your passwords and records through backup and other measures. This information hit home with a wallop here at Honeck O’Toole, just days before we emailed that advice. On Thursday night, February 25, 2010, the roof blew off our…
It’s all in how you look at the economy and tackle the things you CAN control If you’re like many people who have ridden the economic roller coaster with a white-knuckled grip, we imagine you’re probably glad to say goodbye to last year and look forward to a new year full of promise. The good…