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The CARES Act: A Closer Look at Provisions for Individuals
The Coronavirus Aid, Relief, and Economic Securities Act (CARES Act), enacted a little over two weeks ago, put $2.2 trillion in relief funds into action
The CARES Act, Section 2206: Exclusion of Certain Employer Payments of Student Loans
The COVID-19 pandemic has certainly set a somber tone for our current news media. But there’s one player among headlines that may hold a silver
ARB’s 13-Week Cash Flow Analysis: A Resource for Small Businesses During the COVID-19 Crisis
Businesses across the U.S. are experiencing significant changes as the COVID-19 crisis continues to affect day-to-day operations. At ARB, we recognize that every business has
A Resource for Employers: Template for Explaining COVID-19 Benefits
As the COVID-19 crisis continues to affect our lives and business operations, both employers and employees are navigating in uncharted territory. Recent legislation has made
Treasury Department Issues PPP Interim Final Rule
Thursday, April 2, The US Treasury issued the Paycheck Protection Program (PPP) – Interim Final Rule. This governing document includes a number of changes and clarifications
IRS Issues Advance Payment of Employer Credits Form 7200
The IRS has issued Form 7200, Advance Payment of Employer Credits Due to COVID-19. Form 7200 will be used to request an advance payment of
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