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The CARES Act: A Closer Look at Certain Provisions for Employee Benefit Plans
As we continue to weather the COVID-19 crisis, there’s hardly a single facet of American life left unchanged. The inner workings of employee benefit plans
AICPA Issues Accounting Guidance for PPP Loan Forgiveness
On June 10th, the AICPA issued Technical Question and Answer (TQA) 3200.18, Borrower Accounting for a Forgivable Loan Received Under the Small Business Administration Paycheck
Exit Planning in an Uncertain Economy: Business Growth Opportunities Remain Despite COVID-19 Crisis
As a business owner, exit planning is inevitable. From planning to implementation, exiting a business often takes about 3-5 years, so a comprehensive exit plan
IRS Issues Notice 2020-39: Provisions Provided for QOF Investors Affected by COVID-19
The 2017 Tax Cuts and Jobs Act introduced legislation surrounding the Opportunity Zone Program, a tax incentive program allowing tax breaks for those investing in
MANP Issues Guidelines for Safely Reopening Nonprofit Organizations in Maine
All sectors of business in Maine have been affected by the COVID-19 crisis, and nonprofits are definitely no exception. As our communities, businesses, and organizations
Tax Planning for 2020, A Pandemic Year
This year is already turning out to be a unique one, in terms of its uncertainty associated with the COVID-19 pandemic. It seems like so
ARB Holiday Hoopla
ARB’s Annual Holiday Party, Virtual Edition On Friday, December 18, ARB held our annual holiday party – this time via zoom! Featuring a surprise showing
Spirit of Caring, Giving and Sharing
ARB’s 2020 Holiday Community Project While difficult for many, 2020 has disrupted life for some more drastically. This year, ARB teamed up with Freeport Community
Congress Passes COVID-19 Relief Package: Includes PPP, Unemployment Assistance & Recovery Rebates
On December 21, 2020, Congress passed a $900 billion COVID-19 relief package as part of the Bipartisan-Bicameral Omnibus COVID Relief Deal, a year-end spending bill
What Do Football & Construction Firms Have in Common?
Few people thought there would be a 2020 football season, but millions of people are tuning in to cheer on their favorite teams and Monday
Summary of Bipartisan COVID-19 Relief Proposal Includes Additional PPP & Unemployment
A summary of the latest bipartisan COVID-19 relief proposal is now available. Among other provisions, the proposal includes additional Paycheck Protection Program (PPP) funding and