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Property Tax & Rent Refund:
Maine "Circuit Breaker" Program
Refunds up to $2,000 Applications for the Circuit Breaker Program must be filed by June 2, 2008.
You may qualify if:
-You do not have a spouse or dependant(s) and your 2006 household income was $80,750 or less;or
-You have a spouse or dependant(s) and your 2006 household income was $105,750 or less
AND
-Your 2006 property tax was more than 4% of your 2006 household income;or,
-The rent you paid in 2006 was more than 20% of your 2006 household income
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If you have any questions please contact one of our offices, located in Auburn, Norway and Windham and we will be happy to assist you.
Auburn (207) 783-9111
Windham (207) 892-6642
Norway (207) 743-7777 From Locations Within Maine 1-800-605-9263
If you know someone who may find this information useful, please click the "forward email" link located directly below.
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-Thank you-
We have been adding a significant amount of material to our website and hope you will visit:
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March 17th, around 461 AD, marks the passing of Maewyn Succat, later known as Saint Patrick, viewed by many as the patron saint of Ireland and a hero to the Irish people. His use of a shamrock to teach the concept of the "Holy Trinity" along with the traditional Celtic belief that 3 is a sacred number are a couple of reasons that the shamrock has become an iconic symbol of the modernized St. Patty's Day.
While many of us make our own "luck" in business, it is important to have support along the way. We are grateful for your trust and happy to help support your personal and business financial needs.
Austin Associates, PA, CPAs |
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"Success in business requires training and discipline and hard work. But if you're not frightened by these things, the opportunities are just as great today as they ever were." ~David Rockefeller
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(Pdf 19kb) -Permission Granted, NATP Copyright 2008
If your 2007 tax return is automatically deposited into your bank account your stimulus payment will automatically be deposited into the same account. Be sure not to close the account you used for direct deposit until after you receive your stimulus payment. |
Managing Cash Flow
Tom Muller
Management Advisor
You own a business to make a profit and focus much of your attention on that objective. However, if there is no money in the checkbook, it may be difficult in the short run to stay in business. Cash management is important for survival and may, at some point in a company's life, take priority over profit.
There are two parts to managing cash flow. First, you need to understand and be able to project how and when cash will be received and spent. Second, you need to take steps within several categories of revenue and expenditure to optimize timing and amounts. |
To download an Adobe PDF file of Tom's article please visit the information center on our website. |
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2008 Bowl for Kids Sake
Austin Associates, PA, CPAs is a proud 'Mentor Match Sponsor' of this year's Big Brothers Big Sisters Bowl for Kids Sake in Androscoggin County and Oxford Hills. Our firm is extremely dedicated to the youth organizations in our communities and hope that you will join us in supporting Maine's largest mentoring program.
Bowl-A-Thon Schedule
Androscoggin County: March 29 & 30
Oxford Hills, Rumford & Wilton: April 5
If you would like more information please contact Patricia Valeriani, Community Relations Coordinator at the Child Health Center, 783-7035. |
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A Warning from the IRS:
There are currently a number of telephone and email scams circulating, claiming that they are the IRS, in an attempt to gain your personal identification and banking information. These are NOT standard forms of communication used by the IRS. If ever the IRS needs to reach you, they will do so in a formal letter delivered by the US Postal Service.
If you receive a notice from the IRS, in any form, we ask that you please contact your accountant to ensure a prompt and appropriate response.
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