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Accounting and Bookkeeping Services in Maine
1-800Accountant, America’s leading virtual accounting firm for small businesses, ensures all your meticulous bookkeeping and accounting duties are handled with seamless, end-to-end services designed to help your small business thrive and expand in Maine.
Our Accounting Services for Maine Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA with expertise in your sector so you can always be confident in your business tax situation. Our CPAs, with more than 17 years of experience on average, can save your business thousands annually when you delegate the complexities of Maine tax preparation to them.
Bookkeeping: Solidify your financial base and manage cash flow with precise, error-free bookkeeping done for you that saves time and provides crucial data-backed business insights. This meticulous process delivers tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop vital financial modeling.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business CPA. Strategic planning helps minimize your business tax liability in Maine throughout the year while ensuring compliance.
Payroll: Save numerous hours each pay period with comprehensive payroll services handled for you, with regular tax submissions to the state of Maine, ensuring accuracy and freeing you to focus on other vital aspects of your business.
Business Formation: Benefit from the advantages of officially establishing your business in Maine with our complimentary incorporation service. Simply cover Maine state fees, and we will manage the rest. This puts you on a path to hire employees, create a business bank account, and benefit from an optimized business tax structure and maximum tax savings.
Maine Corporate Tax Rates and Brackets
| Corporate Tax Rate | Corporate Tax Bracket |
|---|---|
| 3.50% | $0 |
| 7.93% | $350,000 |
| 8.33% | $1,050,000 |
| 8.93% | $3,500,000 |
When Do You Have to File Business Tax Returns in Maine?
| Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
|---|---|---|
| The 15th day of the fourth month following the close of the fiscal year | The 15th day of the fourth month after fiscal ear end | The 15th day of the fourth month after fiscal year end |
LLC Renewal Dates and Fees in Maine
| How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
|---|---|---|
| Annually | $175 | $85 |
Single Filers - Maine Tax Rates and Brackets
| Single Filer Rates | Single Filer Brackets |
|---|---|
| 5.80% | $0 |
| 6.75% | $26,050 |
| 7.15% | $61,600 |
Single Filers - Maine Exemptions and Deductions
| Standard Deduction (Single) | Personal Exemption (Single) |
|---|---|
| $14,600 | $5,000 |
Married Filing Jointly - Maine Tax Rates and Brackets
| Married Filing Jointly Rates | Married Filing Jointly Brackets |
|---|---|
| 5.80% | $0 |
| 6.75% | $52,100 |
| 7.15% | $123,250 |
Married Filing Jointly - Maine Exemptions and Deductions
| Standard Deduction (Couple) | Personal Exemption (Couple) |
|---|---|
| $29,200 | $10,000 |
What to Look for in Maine Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Maine small business, you should consider these factors:
Certifications and State Compliance: Ensure the accountant or bookkeeper you're considering possesses relevant certifications, such as a CPA designation. They should also have in-depth knowledge of Maine's specific tax laws and compliance requirements.
Experience and Specialization: Seek financial professionals with experience in your specific industry. Specialized expertise is vital for managing industry-specific financial matters and strategic planning in Maine.
Understanding of Local Economic Conditions: Choose a professional who understands Maine's local economic environment, including prominent industries like agriculture, fishing, tourism, and manufacturing. This local insight can influence financial decision-making and tax planning.
Knowledge of State Tax Incentives: Maine provides numerous tax incentives for your business, such as credits for job creation, research and development, and tourism. An experienced accountant or bookkeeper can help you navigate these incentives and maximize your benefits.
Serving Small Businesses Throughout the Entire State of Maine
- Portland
- Bar Harbor
- Bangor
- Saco
- Augusta
- Lewiston
- Auburn
- Biddleford
“I’ve been fortunate to have great accountants who care, get back to me very timely, and believe they do a great job getting the most money back they are able to.”
Sal
Actual customer testimonial. Photo is illustrative only.
Additional Maine Accounting Resources:
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
CPA vs. Tax Preparer: Which Is Best for Your Business?
10 Common Small Business Tax Questions Owners Are Asking
Talk to a business tax expert today for all your tax needs in Maine.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.