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Succession Planning for Business Owners: Insights on Your Role and Your Company’s Transferable Value
In business, an inflection point is synonymous with a turning point, or a time of significant change. When these points occur, and throughout the life

FinCEN Clarification: BSA Due Diligence for Charities and Nonprofits
In an effort to provide clarity to credit unions on applying a risk-based approach to BSA due diligence for charities and nonprofit organizations, FinCEN, in

IRS Issues Final Regulations: UBIT and Calculating UBTI for Separate Unrelated Trades and Businesses
The IRS recently issued final regulations that provide exempt organizations subject to the unrelated business income tax (UBIT) with guidelines for determining whether their organization

ARB is Thankful. . .
What is ARB thankful for this year? 2020 has been a year full of unexpected surprises and developing new norms. However, through the chaos, ARB

Webinar: What Do Football and Construction Firms Have in Common?
Few people thought there would be a 2020 football season. Millions of people are tuning in to cheer on their favorite teams and Monday Morning

Maine’s Business Equipment Tax Programs Can Provide Tax Relief for Eligible Businesses
The State of Maine offers Business Equipment Tax Programs to provide eligible Mainers with tax relief and to encourage capital investment in Maine. The Business

Is Your Manufacturing Company Leveraging The Digital Transformation?
Technology plays an integral part in manufacturing. To stay on the leading edge of the industry, manufacturers keep a constant watch on technology trends and

DOL Releases Cybersecurity Guidance for Protecting Employee Benefit Plans
On April 14, 2021, the United States Department of Labor’s (DOL) Employee Benefits Security Administration published three cybersecurity guidance releases. Cybersecurity Program Best Practices and

SBA Prepares to Launch Restaurant Revitalization Fund Program
Eligible establishments may begin the application portal registration process for the SBA’s Restaurant Revitalization Fund (RRF) on Friday, April 30, 2021, at 9 a.m. EDT.

Aggregating Dealership Activities Might Increase Your 199a Deduction
Section 199a of The Tax Cuts & Jobs Act of 2017 (TCJA) established the Qualified Business Income Deduction (QBID or 199a deduction), a 20% deduction

How Does COVIDTRA Legislation Affect Craft Breweries?
On December 27th, President Trump signed the COVID-Related Tax Relief Act (COVIDTRA), a $908 billion relief package, into law. The legislation includes new and expanded