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The CARES Act: A Closer Look at Certain Provisions for Employers
Countless employers are navigating uncharted territory as the COVID-19 crisis continues to affect business operations across the nation. To ensure our clients understand exactly what
IRS Issues Additional PPP Guidance: No Deductions for Expenses Paid with Forgivable Funds
The Paycheck Protection Program (PPP) was established to support small businesses with tax-free, forgivable, or partially forgivable, loans of up to $10 million each. However,
Mills Announces Four-Part Plan to Reopen Maine Economy
Update as of May 1, 2020: Stage 1 of the Governor’s plan to reopen the Maine economy commences today. Businesses in the Stage 1 sectors
Webinar Recording- Weathering the Storm: CARES Act Relief and Cash Management Strategies for Small Businesses
Recently, ARB’s David Jean, CPA, CCIFP and CExP along with Andrew Helman and Katie Krakowka, business restructuring attorneys from Murray Plumb & Murray, presented a webinar on critical steps
OMB Issues Guidance to Federal Agencies for Administering Federal Awards
The Office of Management and Budget (OMB) has issued Memorandum M-20-22, which provides federal agencies with guiding principles to aid federal contractors and award recipients
President Trump Signs Additional Stimulus Bill into Law
On Friday, April 24, 2020, President Trump signed an additional coronavirus aid bill into law, the Paycheck Protection Program and Health Care Enhancement Act, which
Surety Teams: David Jean Contributes to Construction Executive
Some say it takes a village, while Construction Executive suggests a lead singer relies on the support of the band behind them. Whichever metaphor you
PPP Loans, Forgiven Expenses, & 2020 Deductions
As tax planners, we are familiar with the uncertain world of predicting future events and their related tax consequences. In working with businesses who obtained
PPP & EIDL Borrower Information to be Released by SBA
Throughout the ongoing legal battle with national-news organizations, the SBA has pushed for withholding certain PPP loan borrower information. The SBA claimed the information withheld
Avoiding Common 401(k) Plan Missteps
Your company’s 401(k) benefit plan is a key incentive for attracting and retaining the employees responsible for maintaining (and increasing) your cash flow, customer relationships,
Payroll Tax Deferral: What’s New Since Trump’s Executive Order?
Update as of November 4, 2020: The IRS has provided reporting instructions for employers who have begun deferring the employee portion of Social Security tax