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Baker Newman Noyes (BNN), one of the nation’s top 100 accounting and advisory firms with offices in Maine, Massachusetts, and New Hampshire, announced that Nicholas Sampson has joined the firm as a Managing Director based in its Boston office. In this role, Sampson will lead BNN’s Client Accounting & Advisory

BNN will be attending the 2024 New England State and Local Tax Forum. The New England State and Local Tax Forum provides an annual update on significant state and local tax developments from across the nation with a particular focus on New England. Learn more and register

The Federal Financial Institutions Examination Council (FFIEC) has announced that the Cybersecurity Assessment Tool (CAT) will be retired on August 31, 2025. The CAT was initially released in June 2015 as a voluntary tool to help financial institutions identify their risks and determine their cybersecurity preparedness. However, with the advent

On June 20th, 2024, the Cybersecurity & Infrastructure Security Agency (CISA) released a new guidance: “Barriers to Single Sign-On (SSO) Adoption for Small and Medium-Sized Businesses: Identifying Challenges and Opportunities”.   What is SSO?  Single Sign-On is a software technology that provides authentication and identity verification for a user across multiple

Accounting for deferred loan fees and costs continues to be an area of inquiry for our clients. The recent implementation of the Current Expected Credit Losses (CECL) standard has raised additional questions surrounding deferred loan fees and costs and their relation to the amortized cost basis of loan portfolios and

Introduction The Employee Retention Credit (“ERC”) has proven to be simultaneously one of the most useful, but misunderstood, features in the country’s tax rules, and some recent correspondence from the IRS has added to the confusion. Designed to benefit businesses hurt by the COVID-19 pandemic, interpretation of the ERC’s somewhat

Deciding to do a cost segregation study depends on a variety of factors and there is no one-size-fits-all answer. Each project must be evaluated individually and in the context of the taxpayer’s full situation. It is important to discuss the benefits and limitations with your tax advisor, taking into consideration