While free school meals are possibly one of the most pure-intentioned government programs bookkeeping services maine Maine has, the audit even found severe mismanagement there. Barbee Business Services has helped businesses like yours achieve financial success and peace of mind. We offer unparalleled expertise in accounting, tax assistance, and QuickBookstraining, ensuring your financial success is our top priority.
Business Bookkeeping
Our team of financial planning experts will work with you to develop a customized plan to help you achieve your financial goals. Whether you are planning for retirement or saving for a major purchase, we can help. If Mainers want to understand why their government’s fiscal health continues to erode, they need look no further than this audit. The audit itself is over 500 pages, and since 500 pages is quite a lot to read, the purpose of this post is to summarize some of Dunlap’s most notable findings.
Kitty is clear, demonstrates what she’s teaches, and is very engaging. Even for an hour and a half class, I felt like the time was well-used and full of useful information. Kitty Barbee previous position in economic development allowed her to work with small businesses throughout the state of Maine and she has developed a vast network of business resources over the years. Integrations with Vend POS, Wild Apricot membership software, Stripe, Square and various other software. We attach all documents to their corresponding transaction in Quickbooks Online so you can easily access all your information.
To help us best service your inquiry, we recommend that you first describe the issue you’re having before telling us what you want to achieve. Desktop troubleshooting, company file setup or rebuild for QuickBooks® software. Available for consultation to advise on maximizing use of QuickBooks® desktop or online software. Kitty Barbee has a degree in Business Management with a concentration in accounting, and over 20 years working with small businesses. With a focus on detail and customer service, I’m here to help you focus on your business while I take care of the numbers.
However, the report alleges that these types of contracts were overused by Maine state agencies. This kind of “contract stacking” is a breeding ground for cronyism and backdoor deals—an affront to good governance and fiscal prudence. With $2.1 billion in contracted spending riddled with oversight failures and millions in federal funds now under scrutiny, this is not just an accounting problem but a profound failure of governance.
In at least one case, a contract’s approval occurred after the project was completed. Accounting Services of Maine, LLC was founded in 1997 by Rachel Grivois, CPA. The target market is small and mid-size businesses in the Central and Eastern Maine region.
Business formation guidance, start-up consultations, and business development planning. Wear one less hat and let us assist you with the most current small business tax knowledge. We’re always welcoming new clients, whether your return is simple or complex.
Part 1: What Maine’s 2024 Audit Reveals About Government Oversight and Corruption
When agencies like DHHS and DOE misuse federal dollars, they risk clawbacks, legal liability, and the credibility of Maine as a responsible steward of taxpayer money. The Trump administration is already investigating Maine and threatening to claw back funding; we shouldn’t be giving them more reasons to do so, especially as the state faces a budget shortfall. This is a bureaucracy asleep at the wheel—or worse, unwilling to be held accountable.
Although it may be clear that business operations are efficient and profitable, it may not be clear what lies ahead. A business may have more than one department, product line or program that needs to be measured on regular intervals. Such business segments may require budgets and separate financial reports.
- The audit reviewed 31 separate non-bidding purchase justifications, which are reports by agencies justifying why a purchase above $5,000 did not go through a competitive bidding process.
- The OSPS guidelines specifically require a bidding process for projects of $5,000 or more.
- The accounting professionals at Management Accounting stand ready to help you with your accounting needs.
- From training, to company file reviews, and monthly check ins, our services will get you on track and keep you there.
AREAS OF EXPERTISE
In the case of Child Care Development Fund, the department wasn’t even tracking whether it was meeting federal earmark requirements, which is itself an institutional failure. Furthermore, OSPS has the duty to provide and manage effective contracting and spending guidelines, yet they failed to provide proper oversight to the various agencies of Maine. These funds were rerouted to administrative and other purposes, violating federal rules and potentially forcing Maine to repay the money. Kitty has helped me learn the ins and outs of QuickBooks for my small business. This has allowed me to take what I learn with Kitty and feel confident navigating QuickBooks on my own.
SMALL BUSINESS
- She took the overwhelm out of the process by giving me a clear plan and action steps between our meetings.
- The audit itself is over 500 pages, and since 500 pages is quite a lot to read, the purpose of this post is to summarize some of Dunlap’s most notable findings.
- Manufacturing businesses need to identify margins for each product line.
- From personal to small business and real estate, our experienced team is ready to help you streamline your tax preparation.
We work with each client individually so services are tailored to your unique needs. Our business solutions are as much or as little as you need – simple, flexible and affordable. Manufacturing businesses need to identify margins for each product line. This involves costing the raw components for each product including labor, materials and overhead.
The training Barbee Business Services offered was essential in helping me to launch my new business in Downeast Maine. The excellent instruction provided, helped me begin working with QuickBooks and helped give me that final boost of confidence I needed to convince me that I could do this. We provide top quality services while keeping your information secure and confidential. Our QuickBooks files are password protected and we perform daily backups to a secure server. With IRS representation, CFO-for-hire and consulting services available, we’re here to help you with your specific needs no matter how big or small. Our CFO-for-hire option is scalable depending on your needs.
Training manuals can be provided upon request, for an additional fee. Whether you are starting out or already established, Barbee Business Services is a great resource. Kitty processes and relays information in a practical easy to understand manner. We are a small Accounting firm, here to help you with your accounting needs big or small. Providing Accounting services to all of Mid-Coast Maine and beyond. Located in Newcastle, ME we are close to Damariscotta, Wiscasset, Woolwich, Boothbay, Waldoboro, Alna, Dresden, Pittston, Bristol, South Bristol.
The audit reviewed 31 separate non-bidding purchase justifications, which are reports by agencies justifying why a purchase above $5,000 did not go through a competitive bidding process. These projects deserve a lot of oversight since they don’t allow separate bidders to drive the project price down through the normal bidding process. Of the 31 reviewed purchases, 16 had no documentation at all that a reasonable investigation occurred despite Maine state law explicitly requiring that review in many cases.
Choose Peterson Bookkeeping for the most accurate and detailed financial record keeping. In most cases, you have three years from the date of original filing to amend taxes. I wanted to just let you know how much you helping OSS means to me and the organization. Without your guidance and direction, we would not have fixed our financials and we would be totally lost in the PPP loan application world.
Schreibe einen Kommentar