On January 27, hundreds of professionals from across Maine gathered to learn about and discuss how businesses are using artificial intelligence techniques to drive decision-making and efficiency in their businesses.
Continuing a trend seen throughout the COVID-19 pandemic, during 2022 a number of states offered some type of financial relief to taxpayers. A number of news outlets focused in recent days on the fact that it was unclear whether those state payments represented federally taxable income. Worse, many people already
Baker Newman Noyes, a top 100 tax, assurance and advisory firm, announced today that they have won the Best of Accounting 5 Year Diamond Award for providing superior service to their clients. ClearlyRated's Best of Accounting® Award winners have proven to be industry leaders in service quality based entirely on
Co-Authored by Connor Smart Late last week, the Consolidated Appropriations Act, 2023, a 4,155-page omnibus bill, was approved by Congress, and is awaiting the President’s expected signature. 359 pages of this bill consists of the “SECURE 2.0 Act of 2022.” The text of SECURE 2.0 (the Act) is called “Division
In early 2021, Congress set in motion a new law that will unmask many business owners, forcing them to participate in a new national registry that, beginning in 2024, will list direct and indirect ownership of most U.S. entities, and capture and maintain very specific, personal information regarding each of
In March of 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, in order to address the concerns related to potential accounting consequences of the anticipated transition away from the
Compensation is one of the largest expenses for many businesses and, therefore, it’s no surprise that it has expanded in forms, complexity, and methodology. One popular form of compensation is equity, which has become increasingly popular for many companies with stock. It provides employees an incentive to stay with their