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Recent Articles
NIL Income and Taxes: What College Athletes and Families Need to Know
At a Glance The NCAA’s Name, Image, and Likeness (NIL) program has transformed college athletics, allowing student-athletes to earn money through sponsorships, appearances, and more.
Building Business Value Via Your Employees
Your employees can be a huge differentiator in terms of building your business’s value. However, it’s important for you to understand how to properly motivate
State Conformity to OBBBA Tax Provisions: What Businesses and Taxpayers in Maine, Massachusetts, and New Hampshire Need to Know
At a Glance The One Big Beautiful Bill Act (OBBBA) significantly changes federal tax rules beginning in 2025, but Maine, Massachusetts, and New Hampshire vary
How a Strong Month-End Close Drives Dealership Financial Success
Running an auto dealership means coordinating several interconnected departments—sales, parts, service, and financing—all moving at high speed. Without a solid month-end close, it’s easy for
IRS Issues Guidance for Employees on Calculating 2025 Deductions for Tips and Overtime
At a Glance The IRS has issued Notice 2025-69, giving employees clear instructions on how to calculate their 2025 deductions for qualified tips and qualified
Divorce and Taxes – What Every Taxpayer Should Know Before Signing the Papers
At a Glance Divorce affects more than your personal life—it also reshapes your tax picture. Filing status, support payments, property transfers, and retirement accounts each
ARB 2024 Tax Day Takeaways
Another April 15 has come and gone. Every Busy Season has its own unique challenges and opportunities. This year, we were reminded that Mother Nature
IRS Extends Tax Relief to Maine Taxpayers Affected by Severe Storms and Flooding (UPDATED April 9, 2024)
In response to severe storms and flooding in Maine, the IRS and Maine Department of Revenue Services has announced significant tax relief measures for individuals
Surety Bonds in the Private Equity-Backed Construction Industry
Private equity firms have historically avoided investments in the construction industry, likely due to its reputation as a seasonal, market-specific enterprise with little cash flow
The Dirigo Business Incentive Program: Empowering Growth for Maine Manufacturers
Maine’s business landscape is about to witness a game-changing opportunity for manufacturers with the upcoming launch of the Dirigo Business Incentive Program. With the sunset
New England Gambling Tax Laws and How to Keep More of Your Winnings
In Part 1 we looked at Federal Tax Implications for Casual Gamblers. Here, we will address the tax implications for casual gamblers living in New