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Recent Articles
Partnership Tax Capital Reporting Requirements & Penalty Relief for 2020
In a continued joint effort to streamline the Tax Capital Reporting Requirement for partnerships, The U.S. Treasury and IRS recently provided additional penalty relief for
The R&D Tax Credit: How Innovation Pays Off for Manufacturers
When business owners think of research and development, Big Pharma and large clinical laboratories may come to mind initially. However, R&D can likely be found
Forecasting in 2021: What’s in Store for Auto Dealerships?
Overall, the outlook for auto dealerships as we move into 2021 is cautiously optimistic. There’s a lot to be said for positive beacons signaling improvement
What Individual Taxpayers Should Know About 2021 Tax Limits
It’s that time of year again where the new 2021 tax limit amounts are being announced. These amounts are those tax items which may adjust
Governor Mills Submits Budget Proposal: What Changes for Maine Taxpayers?
On January 25th, Maine Governor Janet Mills submitted a budget proposal to the Legislature that included a supplemental budget for fiscal year 2021 and a
SBA’s Shuttered Venue Operators Grant Program
The Shuttered Venue Operators Grant (SVOG), a program established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, makes $15 billion in
Optimizing Bookkeeping Practices To Benefit Your Dealership
The final quarter of the year signals a few things for auto dealership owners, management, and their accounting departments. Unfortunately, for many reasons, the summer
Why Your Nonprofit Needs a Gift Acceptance Policy
It’s hard to imagine a world without nonprofit organizations to help those in need, which is why, when they’re able, so many individuals and businesses
Why Compensation Planning Matters for Professional Services Firms
All employers need a compensation plan that sets compensation policies, guidelines, and incentives that ensure equity, competitiveness, and legal compliance. But, in the professional services
Manufacturing M&A: 2021 May Be the Right Time for Manufacturing Company Owners to Sell
In 2020, manufacturing merger and acquisition activity fluctuated like a transverse wave, alternating from crest to trough with each passing quarter. Fear that COVID-19 would
Employee Retention Credit: How Recent & Pending Legislation Affects the ERC
The employee retention credit (ERC) is a tax credit available for eligible employers to claim against qualified wages paid after March 12, 2020, through December