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ARB 2024 Tax Day Takeaways
Another April 15 has come and gone. Every Busy Season has its own unique challenges and opportunities. This year, we were reminded that Mother Nature

IRS Extends Tax Relief to Maine Taxpayers Affected by Severe Storms and Flooding (UPDATED April 9, 2024)
In response to severe storms and flooding in Maine, the IRS and Maine Department of Revenue Services has announced significant tax relief measures for individuals

Surety Bonds in the Private Equity-Backed Construction Industry
Private equity firms have historically avoided investments in the construction industry, likely due to its reputation as a seasonal, market-specific enterprise with little cash flow

The Dirigo Business Incentive Program: Empowering Growth for Maine Manufacturers
Maine’s business landscape is about to witness a game-changing opportunity for manufacturers with the upcoming launch of the Dirigo Business Incentive Program. With the sunset

New England Gambling Tax Laws and How to Keep More of Your Winnings
In Part 1 we looked at Federal Tax Implications for Casual Gamblers. Here, we will address the tax implications for casual gamblers living in New

Gambling Winnings and Taxes: What Casual Gamblers Need to Know
Questions Around Casual Gambling, Sports Betting, and Taxation With sports betting legal or becoming legal in more states across the country, including here in New

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