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Balanced Scorecards: How Important Are They?
Information is a powerful tool on its own, and it becomes exponentially more powerful in the hands of those who can wield it properly. A

Expanded State Economic Recovery Efforts: Two New Maine Grant Programs Available to Certain Businesses & Organizations
Two additional grant programs for businesses in Maine are now available, as part of the State’s continued economic recovery efforts: The Maine Tourism, Hospitality &

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

How Contractors Can Avoid 10 Common Exit Planning Mistakes
Exiting your business requires long-term, comprehensive planning, whether you plan to pass your company to family members, sell your interest to a partner, or sell

Supreme Court Vacates District Court’s Judgement on a Provision of the Affordable Care Act
On June 17, 2021, the Supreme Court issued an opinion that reverses and remands California et al. v. Texas et al. The lawsuit was originally

PPP Recipients in NH Catch a Break | Fate of the Millionaires Tax Falls to MA Voters
New Hampshire Exempts Forgiven Paycheck Protection Program (PPP) Loans from Business Profits Tax Governor Chris Sununu signed SB 3 on Thursday, June 10th, adding New

Maine’s Back-To-Work Grant Program
The Mills Administration launched a new program to boost the State of Maine’s economy by bringing workers to Maine employers in need and getting unemployed

How Does SAS 136 Change the Rules for a Limited Scope Audit?
Nearly two years ago, the AICPA issued Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit