Co-authored by Joseph Begin Note: An earlier version of this article, which is superseded and updated with this one, was published on March 31, 2021. The American Rescue Plan Act of 2021 that was signed into law on March 11, 2021 included a $28.6 billion Restaurant Revitalization Fund (RRF) that
The Maine Justice Foundation has made inaugural grants from its Racial Justice Fund to six Maine groups.
As mentioned in our previous article, the final 2021 fiscal year Massachusetts budget included some important sales/use tax changes, namely a change in the due date for returns and a new requirement for certain taxpayers to make prepayments of taxes. The Department of Revenue (hereinafter “the Department”) recently released guidance
Late yesterday, the IRS reversed its stance and extended the April 15, 2021 filing deadline for individual income tax returns (Forms 1040). Those returns, and payments of remaining 2020 tax liabilities that accompany them, instead are due by May 17, 2021. No action is needed on the part of taxpayers
Maine’s Fiscal Year 2021 Supplemental Budget Conforms to PPP Loan Forgiveness and Exemption for Unemployment Compensation, but Decouples from Other CARES Act Provisions In the early morning hours of Friday, March 12, the Maine House and Senate finally agreed on a compromise and passed a supplemental budget for the 2021
If you accept web payments you may be required to comply with the new Nacha rule change which goes into effect on March 19, 2021.
On Wednesday evening, the House of Representatives voted to pass the American Rescue Plan Act of 2021 (ARPA) which had been amended by the Senate a few days before. Yesterday afternoon (Thursday), President Biden signed the Act into Law. The ARPA carries with it a slew of provisions, appropriations, and