Serving Clients in the Greater Portland Area and Meeting Their Accounting and Tax Needs for Over 70 Years
Client Services
Please be aware that we are not taking on new clients at this time.
Accounting Firm Serving the Portland, ME Area
Welcome and thank you for visiting Scott Associates CPAs! In addition to providing you with a profile of our CPA firm and the accounting and tax preparation services we provide, this website has been designed to become a helpful resource tool for you, our valued clients and visitors.
Our dedication to superior client service has brought us to the internet as we endeavor to continue to provide the highest quality professional services, including federal income tax preparation, income tax preparation, individual and business tax return preparation, retirement tax planning, and rental property accounting for clients throughout the Portland, ME area.
Browse our website for helpful information, and please contact our office in Portland, ME if you have any questions or would like to schedule a consultation!
Tax News
IRS simplifies penalty relief, introduces automatic process for eligible taxpayers
IR-2026-83, July 8, 2026
WASHINGTON — The Internal Revenue Service today announced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance.
The new Automatic Exemption from Penalty will replace the long-standing First Time Abate administrative relief and is designed to simplify the process and reduce burden for those with a timely compliance history.
IRS releases tax inflation adjustments for tax year 2026, including amendments from the One, Big, Beautiful Bill
IR-2025-103, Oct. 9, 2025
The Internal Revenue Service today announced the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2025-32 provides details about these annual adjustments.
One, Big, Beautiful Bill Act: Tax deductions for working Americans and seniors
FS-2025-03, July 14, 2025
Provisions from the One, Big, Beautiful Bill Act, which was signed into law on July 4, 2025.
