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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

Treasury Department Updates FAQs to Address Questions About Publicly Traded Companies Receiving PPP Loans
Many people have read the Treasury Department’s Frequently Asked Questions. Last night Question #31 was added to the document, which addresses media coverage of several

The CARES Act: A Closer Look at Charitable Contributions
For individuals, businesses, and nonprofit organizations alike, the time to consider long-term plans for economic recovery is now. As the COVID-19 crisis continues, we want

Senate Passes COVID-19 Relief Package
Update: The House of Representatives voted to approve the Senate bill on Thursday, April 23. It will now go to President Trump, who is expected

The CARES Act: A Closer Look at Certain Provisions for Businesses
We’re now more than two weeks out from the enactment of the Coronavirus Aid, Relief, and Economic Securities Act (CARES Act), legislation that put $2.2

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

ARB Places 4th and 9th in MECPA Exercise Challenge
On November 15th, Albin, Randall and Bennett finished the last day of the six-week “Commit to Fit” challenge hosted by the MECPA. With only six

IRS Issues Revenue Ruling on Deductions Related to PPP Loan Forgiveness
The IRS has issued Revenue Ruling 2020-27, which sets forth the IRS’s position on the timing of the disallowance of deductions related to Paycheck Protection

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