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Maine & New Hampshire: Additional State Relief Programs
ME Child Care Subsidy Program: Additional Assistance for Essential Workers The CARES Act included additional funding of $3.5 billion for the Child Care Development Block

Webinar: PPP Loan Forgiveness Update–We’re Getting Closer
On Thursday, May 21 2020, ARB’s Holly D. Ferguson, CPA, Barton D. Haag CPA and Matthew J. Pore, CPA led a webinar; PPP Loan Forgiveness

Form 990 for Nonprofit Organizations: Ordinary Tax Form, or Extraordinary Marketing Tool?
Tax Form 990 is an annual information return nonprofits use to disclose their annual operating information to the public. Form 990 has existed for almost

SBA FAQ #46 Provides Some Guidance and Relief for PPP Borrowers of Under $2 Million
SBA/Treasury just issued FAQ #46 with a safe harbor for the “good faith certification” for obtaining the PPP loan. The safe harbor indicates loans less

Webinar Recording: You Have Your PPP Loan…Now What?
Recently, Bart Haag, CPA, Holly Ferguson, CPA and Matt Pore, CPA presented a webinar with the New Hampshire Automobile Dealers Association. They discussed the Paycheck

New Guidance Issued for PPP: Companies Advised to Revisit Certification of Good Faith & Reevaluate Loan Needs
The Paycheck Protection Program (PPP) has provided critical support to small businesses across the nation. Many businesses have been able to appropriately modify and maintain

COVIDTRA for Businesses & Nonprofits: A Closer Look at Certain COVID-19-Related Tax Relief
On December 27th, President Trump signed the COVID-Related Tax Relief Act (COVIDTRA), a $908 billion relief package, into law. Among other provisions, the legislation includes

Form 1099-NEC & the IRS’s New Nonemployee Compensation Reporting Requirements
Beginning with 2020 information reporting, the IRS is reintroducing Form 1099-NEC, a form that was previously used until the early 80’s for reporting nonemployee compensation.

What Employers Need to Know About The CARES Act Payroll Tax Deferral
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contained a provision allowing employers to defer payment of their required 6.2% portion of

COVIDTRA for Individuals: A Closer Look at Certain COVID-19-Related Tax Relief
On December 27th, President Trump signed the COVID-Related Tax Relief Act (COVIDTRA), a $908 billion coronavirus relief package, into law. Among other provisions, the legislation

ARB Holiday Hoopla
ARB’s Annual Holiday Party, Virtual Edition On Friday, December 18, ARB held our annual holiday party – this time via zoom! Featuring a surprise showing