A program has been created for seniors in Maine that offers them the ability to sidestep all local property tax increases on their homes – potentially permanently – but only for those who apply each year, beginning December 1 of this year. Introduction LD 290, signed into law earlier this
An update on this topic, containing additional information, is available in a new article published September 29, 2022. Governor Mills announced on July 22 that she is dedicating $58 million to a newly created “Thrive Maine” loan program, which is designed to help Maine small businesses and nonprofits that experienced
On August 1, 2022, the Centers for Medicare and Medicaid Services (CMS) published the final Federal Fiscal Year (FFY) 2023 inpatient prospective payment system (IPPS) rule for discharges beginning on or after October 1, 2022 through September 30, 2023. There are many updates, discussions and changes in the final rule.
In May 2019, the Auditing Standards Board of the American Institute of Certified Public Accountants issued Statement on Auditing Standards 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements (SAS 134). A significant part of SAS 134 changes the content and formatting of an audit
A number of existing and new firms have taken to the airwaves, screens, and newspapers; or have directly contacted taxpayers, with an offer to optimize the credit based on new interpretations of the credit’s rules, or in some cases, assertions that the rules articulated by Treasury are contrary to Congressional
In May 2019, the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) issued Statement on Auditing Standards 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements (SAS 134). A significant part of SAS 134 changes the content and formatting
On June 24, 2021, Maine became the most recent state to enact a state-sponsored retirement plan. This is part of an active effort by a majority of states to establish retirement alternatives for employers who do not provide existing plans to their employees. With the passing of S.P. 515 (“An