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What Does the State-of-Emergency Mean for Maine’s Construction Companies?
Yesterday, Governor Mills issued an Executive Order with rules governing business operations during this state of emergency. Under the order, construction is considered an essential
Governor Mills Releases Executive Order Affecting Businesses in Maine
The rapid spread of COVID-19 is changing personal lives and day-to-day business operations across the globe. In the U.S., starting with the State of Washington
The Coronavirus Aid, Relief and Economic Security (CARES) Act Small Business Interruption (SBI) Loans
The Senate has released its proposed Phase III coronavirus economic stimulus proposal on March 19, 2020. There are a significant number of proposals that are
Taxpayer COVID-19 Filing and Tax Payment Relief
The IRS has released Notice 2020-18 which supersedes Notice 2020-17. This notice follows additional statements from Treasury Secretary Mnuchin on Friday March 20th about providing
U.S Office of Management and Budget (OMB) Issues Administrative Relief for Organizations Receiving Federal Grants and Aid
On March 19th, the OMB issued M-20-11 to provide relief to grant and award recipients and flexibility to the awarding agencies in order to expedite
IRS Extends Federal Filing Deadline to July 15, 2020
Today the US Treasury extended the filing deadline date for federal returns to coincide with the payment due date extension that was announced earlier this week. Treasury
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
US Treasury & IRS Issue Guidance on Reporting Wages Paid for Qualified Sick and Emergency Family Leave
On July 8th, the U.S. Treasury Department and Internal Revenue Service issued Notice 2020-54, Guidance on Reporting Qualified Sick Leave Wages and Qualified Family Leave
SBA’s HUBZone Program: 2020 Program Improvements, Updated Residency Requirements, and Contracting Changes
The SBA modified the Historically Underutilized Business Zone (HUBZone) Program at the end of 2019 to address long-standing uncertainties for small business investors and government
A Path to Success: Back to Construction Business Basics, Part II
ARB recently issued Part I of a two-part series, which focused on the basics that keep construction businesses on track for short and long-term success.
FinCEN Releases Additional Guidance on BSA/AML Customer Due Diligence for Hemp-Related Businesses
On August 3rd, the Financial Crimes Enforcement Network (FinCEN) issued additional guidance to financial institutions further clarifying the regulatory requirements surrounding customer due diligence (CDD)