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Maine DECD Announces Phase II of the Maine Economic Recovery Grant Program
Update as of September 21, 2020: The DECD has announced Phase II of the Maine Economic Recovery Grant Program. Phase I of the Program, launched
A Construction Company’s Guide to Approaching Today’s Risk Management
As with all industries, the construction sector continues to realize the far-reaching effects of COVID-19 crisis. Now, more than ever, it’s imperative for a construction
Best Places to Work in Maine 2020
Every year, spring brings exciting changes to Albin, Randall & Bennett. Not only does it signify the end of tax season, but also the beginning
Some Employers Received an Inadvertent Penalty Notice from the IRS
The Internal Revenue Service issued an official notice back in May, which allowed employers anticipating a refundable credit for qualified sick and family leave or
SBA Issues New PPP Interim Final Rule
The SBA recently issued Paycheck Protection Program Interim Final Rule – Treatment of Owners and Forgiveness of Certain Nonpayroll Costs. This PPP interim final rule supplements
US Treasury & IRS Issue Guidance on Reporting Wages Paid for Qualified Sick and Emergency Family Leave
On July 8th, the U.S. Treasury Department and Internal Revenue Service issued Notice 2020-54, Guidance on Reporting Qualified Sick Leave Wages and Qualified Family Leave
Payroll Tax Deferral: What’s New Since Trump’s Executive Order?
Update as of January 25, 2021: The IRS issued Notice 2021-11 to clarify the adjustments made to Trump’s Payroll Tax Deferral by the COVID-Related Tax
NCUA Updates: A Look at 2021 Guidance for Credit Unions
The National Credit Union Administration (NCUA) has already issued a significant amount of 2021 guidance for credit unions. The Board held its first open meeting
SBA Issues New PPP Forgiveness Forms
The SBA has issued new PPP loan forgiveness applications. Here’s a look at the new forms, resources, and guidance issued by the SBA. 3508S –
ARB’s Ten Tax Season Tips
Tax season is notoriously stressful for business owners and individuals. But about for accountants? Just because we love our work, doesn’t mean that January to
How Can Your Nonprofit Organization Prepare for a Remote Audit?
Countless aspects of life and business have made a hasty transition into the digital realm since the onset of COVID-19. Working with professional advisors like