Blog | Albin Randall & Bennett
Recent Articles
Why Compensation Planning Matters for Professional Services Firms
All employers need a compensation plan that sets compensation policies, guidelines, and incentives that ensure equity, competitiveness, and legal compliance. But, in the professional services
Manufacturing M&A: 2021 May Be the Right Time for Manufacturing Company Owners to Sell
In 2020, manufacturing merger and acquisition activity fluctuated like a transverse wave, alternating from crest to trough with each passing quarter. Fear that COVID-19 would
Employee Retention Credit: How Recent & Pending Legislation Affects the ERC
The employee retention credit (ERC) is a tax credit available for eligible employers to claim against qualified wages paid after March 12, 2020, through December
Massachusetts Enacts Elective Excise Tax for Pass-Through Entities
Massachusetts passed budget legislation that allows eligible pass-through entities, including S corporations, partnerships, and limited liability companies (LLCs), to pay an elective excise tax on
2021 Construction Industry Trends: Ownership Transfers & Management Succession Planning
Most business owners right now are sharply focused on steady cash flow, cutting costs, maintaining operations as close to the status quo as possible, and
Construction Accounting Basics: 6 Questions Contractors Need to Ask When Starting a New Construction Firm
Starting your own construction company without a financial strategy rooted in smart accounting basics is like starting a build without a floor plan. Many of
What Is the Work Opportunity Tax Credit (WOTC) Program?
Employers are facing new operational and financial challenges, including those related to recruiting and employee retention. Amid the Great Resignation, employees’ mindsets and priorities are
Business Operations Can Affect Top-Line & Bottom Line Growth
Financial statement data helps business owners understand their company’s performance during a specific accounting period. But ensuring your company’s trajectory is in line with your
How Operating Agreements Help Firms Eliminate What If’s
Anytime you have a destination to reach, it helps to have a roadmap of how to get there. As a professional services firm, your course
Construction Technology Trends | What’s Ahead for 2022?
Contractors have always had to keep a close watch on technology trends to stay on the leading edge of the industry. But, historically, they have
Reporting Executive Compensation for Exempt Organizations
IRC Section 4960, the tax law governing exempt organization executive compensation, has already impacted the tax liabilities of many tax-exempt organizations, which could become more