Small Business

Maine Gov. John Baldacci has signed into law small business regulatory flexibility provisions. The law directs regulating agencies to consider the economic impact of proposed regulations on small businesses in the state and to describe less burdensome alternatives that accomplish the agency’s goal. The law also requires agencies to make this information available for public review before the public hearing on a regulation. If the economic analysis is not conducted, the rule may not go into effect. According to the U.S. Small Business Administration’s Office of Advocacy statistics for 2005, 97.5% of Maine businesses were small businesses that employed 61.2% of the state’s private work force. More information is available at the Office of Advocacy Web site at


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.