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Congress Passes the PPP Extension Act of 2021
Update as of March 30, 2021 On March 30, 2021, President Biden signed the PPP Extension Act of 2021. The Paycheck Protection Program (PPP) loan
American Rescue Plan Act of 2021 Expands Nonprofit PPP Eligibility
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP) into law, providing several tax relief provisions for individuals, businesses,
State of Maine to Conform to Federal Treatment of PPP Loans & Other Tax Relief Provisions
On March 18, 2021, Maine Governor Janet Mills signed the fiscal year 2020-2021 supplemental budget into law. The supplemental budget includes legislation ruling that the
Treasury & IRS Extend Federal Individual Income Tax Due Date for 2020 Tax Year; State of Maine Follows Suit
The Treasury Department and IRS extended the federal income tax filing due date for individuals for the 2020 tax year to May 17, 2021. The State of Maine also extended the due date for 2020 Maine income tax returns to May 17, 2021.
American Rescue Plan Act of 2021: What Business Taxpayers Need to Know
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP) into law. “This legislation is about giving the backbone of
American Rescue Plan Act of 2021: What Individual Taxpayers Need to Know
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP) into law. “This legislation is about giving the backbone of
Safeguards Rule – Updates for Credit Unions & Auto Dealers
As the turn of the year settles, financial institutions should revisit their information security obligations under the Gramm-Leach-Bliley Act Safeguards Rule (Safeguards Rule). The Federal
Using Inventory Cost Management to Improve Profitability
For manufacturers, inventory cost management plays an integral role in successfully maintaining a business strategy that fosters financial growth. When you have an effective overall
Are Electric Vehicle Credits Part of Your Sales Strategy?
The Qualified Plug-in Electric Drive Motor Vehicle Credit (Electric Vehicle Credit) is a nonrefundable tax credit available for eligible taxpayers to claim up to $7,500
Prepare for 2022 Nonprofit Financial Statement Engagement
For nonprofits, the New Year is ushering in new hope. Organizations are learning to adapt to meet the challenges of the pandemic, and the upward
Mastering the Art & Science of Credit Union Compliance
For credit unions, maintaining compliance with authoritative guidance and regulatory requirements has become both an art and a science. Sure, most rules and regulations are