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    Denise Hue
    • Apr 3, 2020
    • 6 min

    PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET: BORROWERS

    The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees...
    13 views0 comments
    Denise Hue
    • Apr 3, 2020
    • 1 min

    Maine Income Tax Payment and Filing Deadline Extended

    The State of Maine will extend the deadline for Maine income tax payments from April 15, 2020, to July 15, 2020. The change aligns with...
    11 views0 comments
    Denise Hue
    • Apr 3, 2020
    • 1 min

    Federal Income Tax Return and Payments Due Date Extended to July 15, 2020

    The federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal...
    9 views0 comments
    Denise Hue
    • Apr 3, 2020
    • 2 min

    Economic impact payments: FAQs

    How much is the economic impact payment? Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an...
    12 views0 comments
    Denise Hue
    • Apr 2, 2020
    • 10 min

    Maine Unemployment Insurance FAQs Regarding COVID-19

    Governor Mills’ COVID-19 emergency legislation (LD 2167), which was enacted by the Legislature and signed into law March 18th, included...
    10 views0 comments
    Denise Hue
    • Apr 2, 2020
    • 3 min

    Economic Impact Payments to Individuals

    Check IRS.gov for the latest information: No action needed by most people at this time March 30, 2020 WASHINGTON — The Treasury...
    11 views0 comments
    Denise Hue
    • Apr 2, 2020
    • 1 min

    Social Security Recipients Will Automatically Receive Economic Impact Payments

    April 1, 2020 WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service today announced that Social Security...
    10 views0 comments
    Denise Hue
    • Apr 2, 2020
    • 4 min

    Families First Coronavirus Response Act: Employee Paid Leave Rights

    The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with paid sick leave or...
    20 views0 comments
    PAID SICK LEAVE (Families First Coronavirus Response Act)
    Denise Hue
    • Apr 2, 2020
    • 1 min

    PAID SICK LEAVE (Families First Coronavirus Response Act)

    Each covered employer must post a notice of the Families First Coronavirus Response Act (FFCRA) requirements in a conspicuous place on...
    11 views0 comments
    Maine Essential and Non-Essential Businesses
    Denise Hue
    • Apr 2, 2020
    • 0 min

    Maine Essential and Non-Essential Businesses

    10 views0 comments
    Denise Hue
    • Apr 2, 2020
    • 1 min

    SBA Coranavirus Disaster Loans

    Areas eligible for SBA disaster loans Small business owners in all U.S. states and territories are currently eligible to apply for a...
    44 views0 comments
    Denise Hue
    • Apr 2, 2020
    • 2 min

    SBA Paycheck Protection Program (PPP)

    Program Overview The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their...
    21 views0 comments
    Denise Hue
    • Apr 2, 2020
    • 4 min

    CARES Act Tax Provisions

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, which passed the Senate by a 96-0 vote late on Wednesday,...
    17 views0 comments
    Denise Hue
    • Feb 28, 2020
    • 1 min

    Deducting Home Office Expense When You Own an S Corporation

    In the old days, S corporations paid rent to their shareholder employees and the office in home income and expenses were deducted on...
    10 views0 comments
    Denise Hue
    • Feb 28, 2020
    • 2 min

    Business Tax Filing Deadlines - 2020

    January 31, 2020 This is the deadline to send out Form W-2 to your employees, and to file the documents with the IRS. This is also the...
    7 views0 comments
    Denise Hue
    • Feb 28, 2020
    • 1 min

    1099-MISC Forms for Subcontractors

    File 1099’s for payment made of at least $600 in: Rents. Services performed by someone who is not your employee. Prizes and awards. Other...
    8 views0 comments
    Denise Hue
    • Feb 28, 2020
    • 2 min

    Treating Medical Insurance Premiums as Wages for an S Corporation Shareholder-Employee

    Health and accident insurance premiums paid on behalf of a greater than 2-percent S corporation shareholder-employee are deductible by...
    14 views0 comments
    Denise Hue
    • Feb 28, 2020
    • 2 min

    Reasonable Compensation for S Corporation Shareholder-Employees

    S corporations must pay reasonable compensation to a shareholder-employee in return for services that the employee provides to the...
    8 views0 comments
    Denise Hue
    • Feb 28, 2020
    • 1 min

    New Employer Credit for Paid Family and Medical Leave

    This general business credit is a percentage of the amount of wages paid to a qualifying employee while on family and medical leave for...
    10 views0 comments
    Denise Hue
    • Feb 28, 2020
    • 1 min

    Operating Costs of Entertainment Facilities Still Nondeductible.

    The Tax Cuts and Jobs Act does not change the prior law rule disallowing a deduction for the expenses of maintaining and operating...
    10 views0 comments
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