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Exit Planning in an Uncertain Economy: Business Growth Opportunities Remain Despite COVID-19 Crisis
As a business owner, exit planning is inevitable. From planning to implementation, exiting a business often takes about 3-5 years, so a comprehensive exit plan
IRS Issues Notice 2020-39: Provisions Provided for QOF Investors Affected by COVID-19
The 2017 Tax Cuts and Jobs Act introduced legislation surrounding the Opportunity Zone Program, a tax incentive program allowing tax breaks for those investing in
MANP Issues Guidelines for Safely Reopening Nonprofit Organizations in Maine
All sectors of business in Maine have been affected by the COVID-19 crisis, and nonprofits are definitely no exception. As our communities, businesses, and organizations
Tax Planning for 2020, A Pandemic Year
This year is already turning out to be a unique one, in terms of its uncertainty associated with the COVID-19 pandemic. It seems like so
Qualified Improvement Property –Error Fixed!
The CARES Act was passed in late March, largely to provide stimulus and emergency assistance to individuals and businesses adversely impacted by the coronavirus pandemic.
FASB Issues ASU Delaying Effective Date for Revenue Recognition & Lease Accounting Standards for Certain Entities
The COVID-19 pandemic has significantly impacted the global economy, and U.S. businesses are no exception. On June 3, 2020, the Financial Accounting Standards Board (FASB)
The CARES Act, Section 2206: Exclusion of Certain Employer Payments of Student Loans
The COVID-19 pandemic has certainly set a somber tone for our current news media. But there’s one player among headlines that may hold a silver
ARB’s 13-Week Cash Flow Analysis: A Resource for Small Businesses During the COVID-19 Crisis
Businesses across the U.S. are experiencing significant changes as the COVID-19 crisis continues to affect day-to-day operations. At ARB, we recognize that every business has
A Resource for Employers: Template for Explaining COVID-19 Benefits
As the COVID-19 crisis continues to affect our lives and business operations, both employers and employees are navigating in uncharted territory. Recent legislation has made
Treasury Department Issues PPP Interim Final Rule
Thursday, April 2, The US Treasury issued the Paycheck Protection Program (PPP) – Interim Final Rule. This governing document includes a number of changes and clarifications
IRS Issues Advance Payment of Employer Credits Form 7200
The IRS has issued Form 7200, Advance Payment of Employer Credits Due to COVID-19. Form 7200 will be used to request an advance payment of