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What Individual Taxpayers Should Know About 2021 Tax Limits
It’s that time of year again where the new 2021 tax limit amounts are being announced. These amounts are those tax items which may adjust

Governor Mills Submits Budget Proposal: What Changes for Maine Taxpayers?
On January 25th, Maine Governor Janet Mills submitted a budget proposal to the Legislature that included a supplemental budget for fiscal year 2021 and a

SBA’s Shuttered Venue Operators Grant Program
The Shuttered Venue Operators Grant (SVOG), a program established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, makes $15 billion in

SBA’s Payments Toward Certain 7(a) Loans, 504 Loans & Microloans Are Nontaxable
Section 1112 of the CARES Act required the SBA to make payments for a period of 6 months to cover principal, interest, and any associated

SBA Offers One-Year Extension to Eligible 8(a) Business Development Program Participants
The SBA is offering an extension of the 8(a) Business Development Program (the 8(a) Program) to certain participants due to COVID-19. To account for a

About Samantha Pedersen
Meet ARB Director Congratulations to Albin, Randall & Bennett Director, Samantha Pedersen, on her recent nomination to join the Executive Board for the Manufacturers Association

Have You Considered the ESOP Route for Your Succession Plan?
After you’ve worked hard to build a successful business, planning initiatives that look beyond what happens to your business under your watch should become part

Job Costing: The Key to Success for Craft Breweries
Running a profitable craft brewery involves more than just knowing how to make good beer. True, you need to skillfully combine ingredients in a creative

Policy Alert: Employee Retention Credit for 2020 & 2021
It’s not too late to take advantage of the employee retention credit (ERC) for either 2020 or 2021. The ERC is a tax credit available

How Measuring Profitability Can Help Your Professional Services Firm Grow
Measuring profitability helps professional services firms (PSFs) determine whether a project is worth its weight in resources, time, and effort. It also allows you to

Tax Planning Can Help You Meet Personal and Business Goals
When you own a closely-held business, your personal and business goals are not mutually exclusive. The business goals you set and decisions you make that