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 Equipment Tax Exemption (BETE) and Business Equipment Tax Reimbursement (BETR) are two programs that can provide a tax break to eligible businesses in Maine. Business Equipment Tax Exemption (BETE) BETE
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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 weeks to travel the 352 miles from Kittery to Eastport, Maine, ARB has been busy! In an effort to promote wellness, the Maine Society of Certified Public Accountants created a
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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 prefer, one thing is certain. Businesses need to surround themselves with the right team to be successful in uncertain times. Taking the comparison a step further, they suggest that much
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As tax planners, we are familiar with the uncertain world of predicting future events and their related tax consequences. In working with businesses who obtained PPP loans, namely for those who have, or intend to have, some or all of these loans forgiven, however, the topic of 2020 deductions brings about uncertainty. With the current
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Your company’s 401(k) benefit plan is a key incentive for attracting and retaining the employees responsible for maintaining (and increasing) your cash flow, customer relationships, and day-to-day operations. A 401(k) plan does, however, come with major responsibilities. Plan accuracy and compliance are critical for maintaining plan and company success. A plan sponsor’s fiduciary obligations are
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