This week, the Legislature passed a pair of bills that promise to bring much-needed relief to small businesses struggling because of the COVID-19 pandemic. One bill provides liability protection to employers that follow the government’s guidelines to protect customers and workers from the deadline c
The federal government recently expanded a tax credit for Q1 and Q2 of this year, making up to $14,000 available per employee. It’s also available retroactively for 2020, so talk to your tax professional about it soon.
Governor Janet Mills issued a news release on Tuesday, February 9, 2021 about her new plan to avoid imposing state taxes on forgiven funds from Paycheck Protection Program loans, and to allow deductions for loan expenses. In that proposal, certain businesses with loans larger than $1 million would b
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