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Massachusetts Enacts Elective Excise Tax for Pass-Through Entities
Massachusetts passed budget legislation that allows eligible pass-through entities, including S corporations, partnerships, and limited liability companies (LLCs), to pay an elective excise tax on
2021 Construction Industry Trends: Ownership Transfers & Management Succession Planning
Most business owners right now are sharply focused on steady cash flow, cutting costs, maintaining operations as close to the status quo as possible, and
Construction Accounting Basics: 6 Questions Contractors Need to Ask When Starting a New Construction Firm
Starting your own construction company without a financial strategy rooted in smart accounting basics is like starting a build without a floor plan. Many of
Massachusetts Law Addresses Unemployment Solvency & Emergency Sick Leave
Governor Charlie Baker signed legislation in May that modified the way Massachusetts handles COVID-19-related unemployment claims and the COVID-19 Temporary Emergency Paid Sick Leave Program.
Webinar: Like-Kind Exchanges (IRC 1031)
ARB Principal David V. Jean CPA, CCIFP, CExP, provides a detailed overview of like-kind exchanges. From discussing the “loophole” that allows taxpayers to defer and
The NCUA’s New Rules on the Transition to the CECL Methodology & Capitalization of Interest
The journey to implement the Current Expected Credit Losses (CECL) accounting method has proven to be especially complex for credit unions. The Financial Accounting Standards
4 Dealership Accounting Practices That Eat Away At Profit
If your vehicle has poor fuel economy, you’ll still make it to your destination, but it will be costly. The same is true for auto
Federal Student Loan Relief & Programs Available in Maine
As the expiration of pandemic-related student loan relief was nearing once again, the Federal Government and some states stepped in to extend further relief to
The Clean Vehicle Credit: What Dealerships Need To Know
On August 16, 2022, President Biden signed the Inflation Reduction Act (the Act) into law. The Act gave rise to The Clean Vehicle Credit, a
CECL Audit Approach: New Methodology to Account for TDRs
The Financial Accounting Standards Board (FASB) has been working to improve the implementation and transition to the Current Expected Credit Losses (CECL) method of accounting
Buy-Side Due Diligence | M&A Best Practices for Contractors
Contractors often leverage M&A opportunities to grow revenue and meet growth, development, and other strategic goals. For example, acquiring or merging with a firm with