Similar Posts
Economic Aid to Hard-Hit Small Businesses
In late December, Congress passed the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act). It provides $284 billion in new funding for Paycheck Protection Program (PPP) loans. It makes significant changes to the PPP loan forgiveness process, including a streamlined forgiveness process for loans of up to $150,000. Here are…
501(c)(3) Public Charities: Defining Qualifying Public Support
In a prior blog post I discussed the One-Third Support Test and the Facts and Circumstances Test criteria for public charities in determining whether an Organization is publicly supported. This blog post discusses a key component of the public support test: the definition of “support.” Click here for a visual chart summarizing this blog post….
Keeping the Family Camp in the Family
With summer imminent, many Mainers and those “from away” will be heading to their camps or vacation properties for relaxation and recreation. Frequently, these camps are legacy properties that have been used by families for generations providing an important family tradition and shared memories. As time passes, the number of family members who wish to…
Why Do I Need a Business Attorney?
You’ve been told you need a business attorney. On top of everything else you currently worry about, now you wonder, “do I really need an attorney to start my business?” The answer to this question is simple. No, you do not need an attorney to start a business. However, an attorney can save headaches later….
Amendments To Chapter 691, Rules for Underground oil Storage Facilities
The Rules for Underground Oil Storage Facilities were adopted in 1991, to reduce the number of discharges from underground oil storage tanks, to protect surface water, ground water and drinking water supplies, to prevent vapor intrusion in homes and other buildings, and to generally protect human health and the environment. On January 7, 2014, amendments…
Maine Retailer Certificates, Resale Certificates and Sales and Use Tax
Summary Each business that sells tangible personal property in Maine must obtain a retailer certificate (this is the sales tax ID registration process) and collect and remit sales tax from its customers; All retailers should determine whether they can qualify for a resale certificate, which will allow them to save the (generally) 5.5% sales tax…