Andrew Smith, CPA

Principal

207.791.7545

Andy began his career at Baker Newman Noyes in 1998, after interning with the firm in 1997. He is a principal at the firm and provides leadership as the director of tax services. Andy primarily serves clients in the hospitality, construction, real estate, and professional service industries. He has extensive experience advising his clients on succession planning, like-kind exchanges, cost segregation studies, and tax credit deals. In addition to serving his clients, Andy leads many of the firm’s college recruiting initiatives.

Andy earned a bachelor’s degree in business administration, with concentrations in accounting and finance, from the University of Maine, Orono.

Three Things You Don’t Know About Me

  • I was Captain of the golf team at the University of Maine.
  • I have experience performing a wide variety of veterinary procedures as a result of goat ownership.
  • My favorite food is Chicken Parmigiana.

Articles by Andrew

Employee Retention Credit Update Federal Tax Credit for Electric Vehicle Charging Stations The Filing Process of the Employee Retention Tax Credit Restaurant Revitalization Fund New Employee Retention Credit Guidance in IRS Notice 2021-20 Employee Retention Credit – 2021 Edition Delaying PPP Forgiveness Applications to Optimize an Enhanced Credit Payroll Tax Credits and Deferrals for Employers Offered Under the CARES Act How Reviving Historic New England Can Save On Income Tax Like-Kind Exchanges Present A Number Of Tax Deferral Options Historic Tax Credits Major Changes to Fixed Asset Depreciation and Repairs Costs Coming in 2014 This is the Time for Cost Segregation Studies The IRS Freshens Up Some Tax Breaks for Retailers and Restaurants Tangible Property Regulations continue to be applicable in 2015 and beyond New Law Change Allows Immediate Deduction of More Fixed Asset Costs Vacation Homes and Tax-Free Dispositions New Tax Rules Have Dramatic Impact on Deduction vs. Capitalization Analysis Tangible Property Regulations
View All Articles by Andrew

Speaking Engagements

Tangible Property Regulations in 2020: 5 Years Later
August 25, 2020
Navigating the Pandemic: The PPP & Survival Strategies for Today and Beyond
May 11, 2020

Business Activities:

Member, American Institute of Certified Public Accountants

Member, Maine Society of Certified Public Accountants

Member, Maine Real Estate &  Development Association (MEREDA)

Volunteer/Service Activities:

Board Member & Coach, Cumberland/North Yarmouth Little League

Board Member, Make-A-Wish Foundation of Maine

Advisory Trustee, Skyline Farm

Speaking Engagements:

Andy is a frequent public speaker on various tax topics.  He has presented numerous time at the Maine Tax Forum in Augusta and at Maine Real Estate Development Association (MEREDA) Breakfast Seminars.