Blog | Albin Randall & Bennett
Recent Articles
Understanding Maine’s 2024 Sales Tax Exemption for Nonprofits
Maine recently adopted a blanket sales tax exemption for nonprofit organizations, marking a significant shift in the state’s tax policy. This change aims to streamline
Implementing AI in an Auto Dealership – How to Get Started
Artificial intelligence (AI) has become an increasingly prevalent topic in the automotive dealership industry and seems to be one of the current “disruptors” in the
Navigating Lessee Lease Modifications and Amendments
Overview of ASC 842 The introduction of Accounting Standards Codification (ASC) 842 significantly transformed lease accounting under U.S. Generally Accepted Accounting Principles (GAAP). This update
BOI Update: Federal Court Halts Beneficial Ownership Reporting Requirements
In response to a federal court ruling on December 3, businesses are being advised of the suspension of the Corporate Transparency Act (CTA) and its
Understanding Maine’s New Sales Tax Rules for Lease and Rental Transactions
Starting January 1, 2025, Maine is implementing significant changes to its sales tax laws, specifically affecting lease and rental transactions. These tax law changes attempt
Disaster Planning for Auto Dealerships: Safeguarding Your Business from Natural Emergencies
Protecting your business is critical, especially in the face of natural disasters such as hurricanes, floods, wildfires, and tornadoes. According to FEMA, about a quarter
Understanding Maine’s 2024 Sales Tax Exemption for Nonprofits
Maine recently adopted a blanket sales tax exemption for nonprofit organizations, marking a significant shift in the state’s tax policy. This change aims to streamline
Implementing AI in an Auto Dealership – How to Get Started
Artificial intelligence (AI) has become an increasingly prevalent topic in the automotive dealership industry and seems to be one of the current “disruptors” in the
Navigating Lessee Lease Modifications and Amendments
Overview of ASC 842 The introduction of Accounting Standards Codification (ASC) 842 significantly transformed lease accounting under U.S. Generally Accepted Accounting Principles (GAAP). This update
BOI Update: Federal Court Halts Beneficial Ownership Reporting Requirements
In response to a federal court ruling on December 3, businesses are being advised of the suspension of the Corporate Transparency Act (CTA) and its
Understanding Maine’s New Sales Tax Rules for Lease and Rental Transactions
Starting January 1, 2025, Maine is implementing significant changes to its sales tax laws, specifically affecting lease and rental transactions. These tax law changes attempt