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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
How Does COVIDTRA Legislation Affect Craft Breweries?
On December 27th, President Trump signed the COVID-Related Tax Relief Act (COVIDTRA), a $908 billion relief package, into law. The legislation includes new and expanded
MA Clarifies 2020 Tax Treatment of PPP Income, EIDL Grants, & SBA Debt Relief Subsidies
On April 1, 2021, the Commonwealth of Massachusetts passed amendments to House bill No. 89, An Act Financing a Program for Improvements to the Unemployment
IRS Issues Guidance on Employee Retention Credit for 2021
On April 2, 2021, the IRS issued Notice 2021-23, Guidance on the Employee Retention Credit under the CARES Act for the First and Second Calendar
Maine’s Property Tax Relief Programs
Maine has two programs targeted specifically to helping new and established businesses invest for growth by allowing them to recoup local property taxes paid on eligible business equipment and property.
OMB Extends Due Date for Certain Single Audits
The Office of Management and Budget (OMB) issued a memorandum on March 19th, which announced a six-month extension of the due date for certain single