Blog | Albin Randall & Bennett
Recent Articles
WebCPA: The Dangers of Taking Tax and Financial Advice from the Internet
The internet offers an unprecedented amount of information of varying quality on virtually every topic, including taxes and finance. With the rise of artificial intelligence
Dirigo Business Incentive Program: Approvals Begin January 1 for Maine Manufacturers
The Dirigo Business Incentive Program is now in motion, providing a powerful framework for growth and investment in Maine’s manufacturing sector. With the application process
Reviving History: How Historic Tax Credits Breathe New Life into Old Buildings
Cities across the country are undergoing a quiet revolution, one where history meets progress. Thanks to historic tax credits (HTCs), neglected old buildings are being
2025 Employer Obligations Under Maine PFML: Is Your Business Prepared?
The Maine Paid Family and Medical Leave (PFML) program, effective January 1, 2025, represents a major policy shift for employers in the state. The final
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
New Hampshire Ends Interest & Dividends Tax—For Now: A Detailed Look at the Repeal and Potential Return
For an overview of New Hampshire’s Interest & Dividends Tax status, read NH Interest & Dividends Tax Repeal: A Quick Look at Key Changes. New
The Dealer’s Roadmap to 401(k) Compliance: Avoiding Costly Mistakes
Why Compliance Matters For car dealership owners, offering a 401(k) plan is a strategic way to attract and retain top talent while supporting employees’ long-term
IRS Audit Prevention: Essential Steps for Businesses and Individuals
With the passing of the Inflation Reduction Act in 2022, the IRS received $80 billion to enhance enforcement efforts, including hiring more auditors. This investment
5 Commonly Overlooked Tax Deductions and Tax Credits—and How You May Qualify
Tax credits and tax deductions can offer significant savings, but many taxpayers overlook these opportunities. Tax deductions reduce your taxable income, while tax credits directly
Ensuring Secure Communication and Protecting Your Identity This Tax Season
During tax season, the risks associated with sharing sensitive information rise dramatically. Cybercriminals often target taxpayers and tax professionals, exploiting vulnerabilities in digital communications to