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Recent Articles
IRS Issues Guidance on Employee Retention Credit for 2021
On April 2, 2021, the IRS issued Notice 2021-23, Guidance on the Employee Retention Credit under the CARES Act for the First and Second Calendar
Maine’s Property Tax Relief Programs
Maine has two programs targeted specifically to helping new and established businesses invest for growth by allowing them to recoup local property taxes paid on eligible business equipment and property.
OMB Extends Due Date for Certain Single Audits
The Office of Management and Budget (OMB) issued a memorandum on March 19th, which announced a six-month extension of the due date for certain single
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
The 2022 NADA Convention: Top Takeaways for Auto Dealers
In mid-March, I attended the 2022 National Automobile Dealers Association (NADA) Convention in Las Vegas. I participated in educational workshops and interactive panel discussions led
What Is the Work Opportunity Tax Credit (WOTC) Program?
Employers are facing new operational and financial challenges, including those related to recruiting and employee retention. Amid the Great Resignation, employees’ mindsets and priorities are
Business Operations Can Affect Top-Line & Bottom Line Growth
Financial statement data helps business owners understand their company’s performance during a specific accounting period. But ensuring your company’s trajectory is in line with your
How Operating Agreements Help Firms Eliminate What If’s
Anytime you have a destination to reach, it helps to have a roadmap of how to get there. As a professional services firm, your course
Construction Technology Trends | What’s Ahead for 2022?
Contractors have always had to keep a close watch on technology trends to stay on the leading edge of the industry. But, historically, they have