Blog | Albin Randall & Bennett
Recent Articles
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
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: The Latest Information on Filing Requirements (Updated 3/21/25)
Update as of March 21, 2025 On March 21, 2025, FinCEN issued an interim final rule eliminating the requirement for U.S. companies and individuals to
Tax and Policy Changes – What Lies Ahead for Auto Dealers
President Trump’s reelection campaign leaned heavily on being pro-business on tax and policy reform. However, predicting what actual changes will come from the new administration
Understanding Nexus: How Multi-State Tax Obligations May Impact Your Business
As a business owner, managing income, franchise, sales, and use taxes is a routine part of operations. However, as your business expands its operations across
Over-Saving for Retirement: Avoiding Unexpected Penalties and Embracing Opportunities
Saving for retirement is essential to ensuring financial security, but focusing too heavily on retirement accounts can have unintended consequences. While it may seem counterintuitive,
Life as an ARB Accountant During Busy Season
Considering a career in public accounting? You may have a lot of questions about what the work actually involves—especially during “Busy Season.” How do accountants