James Boulette

CPA , Director, and  Tax Consultant

James BouletteAs managing director, Jamie focuses on the future growth of the firm. He takes a hands-on approach with his clients, providing tax, accounting, and advisory services. A central Maine native, Jamie now lives in Arrowsic.

Before One River

Jamie graduated from the University of Maine at Orono.

At One River

Jamie’s practice specialties include manufacturers, medical practices, closely-held businesses, and individual and business tax planning.

Besides One River

Jamie’s Articles…

  • Thinking of starting a cannabis business in Maine? New laws will keep you on your toes. Part II- “Adult Use” Market (12/11/2018) - During 2018, the Maine Legislature passed two Bills dealing with the future of marijuana business in Maine that are to become effective this week. Both are designed to end the wild west nature of the industry but they have very burdensome tax and operating rules. This three-part series breaks down some of the business, accounting […]
  • Thinking of starting a cannabis business in Maine? New laws will keep you on your toes. PART I: New Rules (12/4/2018) - During 2018, the Maine Legislature passed two Bills dealing with the future of the marijuana business in Maine that are to become effective this December. Both are designed to end the wild west nature of the industry but they have very burdensome tax and operating rules. This three-part series will breakdown some of the business, […]
  • Where Does All Our Money Go? (2/22/2018) - This weekend, I had two things to accomplish; get my tax return in order and begin to shop for a new truck. Given that this is a very busy time of the year for me, I decided to quietly shop on-line for that new pickup while she got all of her tax documents together. Since […]
  • Tax Cuts & Jobs Act Is Good For Business (1/15/2018) - As I write this article, Congress is about to vote on major corporate tax reform, namely the “Tax Cuts and Jobs Act”. Supporters of the bill believe that corporate tax reform will more readily allow US corporations to keep taxable earnings in the US and that those earnings will spur new economic growth. Others protest […]
  • Time is running out to make your state income tax payments and still be provided a deduction on your Federal income tax return. (12/7/2017) - Unless you have been hiding under a rock, you are aware that both the House and Senate have passed legislation to update the tax code. Both plans are calling for a repeal of the deduction for state and local income tax expense. Although we are not yet sure of the final outcome of the tax […]
  • Marijuana Sales and the Monster Hiding in the Tax Code –How To Minimize the Damage of Section 280E (10/31/2017) - Marijuana is currently legal in some form in 30 States, Washington DC, Guam and Puerto Rico. It is quickly becoming a major economic driver in many states as reflected in Colorado. Through September, the Cannabis industry in Colorado alone has surpassed the one-billion-dollar mark. Despite the overwhelming support of legalized cannabis, the federal government continues […]
  • Will Taxes Mean the End of Marijuana Reform? (2/20/2017) - Last November, Maine voters approved the legalization of recreational marijuana. Since then, entrepreneurs in the industry have begun gearing up now for what will become a real growing frenzy. Warehouse space is being gobbled up by speculators looking to participate in what is already a multibillion-dollar industry. However, all parties should be wary of IRS […]
  • Business Owners: On Your Mark, Get Set, Go! (1/19/2017) - The start of the New Year marks the beginning of the IRS  informational reporting season that will keep most business owner’s heads spinning. None are overbearing or difficult unless, of course, you don’t get them right the first time. Failure to correctly file W-2 and 1099 forms could get 2017 off to a not-so-happy start. […]
  • IT’S BETTER TO GIVE THAN TO RECEIVE (3/29/2016) - Since moving to the Mid-Coast area a few years ago, my wife and I have been called upon many times to help a number of local charities. We are very strong believers that it is our obligation to make our community stronger during our brief stay in this wonderful world so we choose to help […]
  • THE MANY FACES OF TAXABLE INCOME: GAMBLING & LOTTERY WINNINGS (3/11/2016) - Code Section 61 defines gross income, “except as otherwise provided,…gross income means all income from whatever source derived,” Regulation 1.61-1 further states that Gains from wagering transactions are included in gross income. I suspect that most households participate in one way or another in the gambling industry. We purchase lottery tickets, enjoy an afternoon at the […]

Contact Jamie…

Q & A…

Why do you do what you do?

Because I wake up every day and I am still excited to go to work.  When I hear of new tax proposals I can’t wait to read them, and when I learn of new ways that One River can be a better firm, I get excited to take us there.

What is the best advice you’ve ever received? 

My mother gave me two bits of advice, do first everyday what you least like to do.  That way it gets done and you can enjoy the rest of the day.  Secondly, don’t spend time second guessing yourself.   Once you have made a decision, stay the course and trust your judgment.

Describe the best vacation you’ve ever taken. 

My 17-day motorcycle trip around Lake Superior.  Along the way we never made a reservation, fished with some locals in WAWA Canada, saw bears, sand cranes, deer, and elk.  We also visited the Harley Museum and saw the sights at Niagara Falls.

What do you do on April 16?

Usually April 16th is my first day off in the last two months.  I relax and enjoy the quiet of my phone not ringing.

What is something people might not know about you?

Most people don’t know that I am also a USCG » licensed boat captain.

Q & A…

in the future…

Navigating the Gulf of Maine aboard the Sea PA