Blog | Albin Randall & Bennett
Recent Articles
Protecting the Financial Well-being of Your Automotive Dealership
For many dealers, it’s been several years since they’ve had to actively manage the financial health of their dealerships. Grosses were at historical highs, demand
Credit Union Alert: FinCEN Proposes Rule to Strengthen AML/CFT Regulations
The Financial Crimes Enforcement Network (FinCEN) recently announced a proposed rule aimed at enhancing and modernizing Anti-Money Laundering (AML) and Countering the Financing of Terrorism
Fueling Innovation: Maine’s Strategic Support for Manufacturing Businesses
Maine’s manufacturing sector is receiving a significant boost through a series of strategic initiatives and grants aimed at promoting Maine-made products and supporting manufacturers in
The Tax Relief for American Families and Workers Act of 2024 – Updated 8/1
Update August 1, 2024 On Thursday, August 1, the Senate failed to pass the Tax Bill, which required 60 votes but only received 48 in
ARB Announces Recent Promotions
Albin, Randall & Bennett is pleased to announce the recent promotions of Matthew Marcoullier, Amy Gardella, Nate Marcet, Benjamin Staples, Tori Vergara, and several others.
Energy Efficiency Incentives for Maine ESOP-owned Companies: Strategies for Success
Energy efficiency is an important consideration for any business, including those owned by Employee Stock Ownership Plans (ESOPs). Embracing energy efficiency reduces operational costs and
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
Introducing IRS Form 15620: Your Ticket to Streamlined Savings on Equity Compensation Tax
On November 7, 2024, the IRS introduced Form 15620 to standardize the Section 83(b) election process for taxpayers receiving unvested property such as restricted stock.
CECL Implementation: Reflections from Year One and Expectations for Year Two
The initial year of implementing Current Expected Credit Losses (CECL) regulations across U.S. financial institutions marked a transformative period for credit unions. Moving beyond the
Opportunity Ahead: Auto Dealer Class Action Lawsuit Settlements 2024 – How to File Your Dealership’s Claim
In Brief: Two class action settlements in 2024 present significant opportunities for auto dealerships to recover damages: the CDK/Reynolds and Reynolds antitrust settlement, addressing alleged