Blog | Albin Randall & Bennett
Recent Articles
ARB Places 4th and 9th in MECPA Exercise Challenge
On November 15th, Albin, Randall and Bennett finished the last day of the six-week “Commit to Fit” challenge hosted by the MECPA. With only six
IRS Issues Revenue Ruling on Deductions Related to PPP Loan Forgiveness
The IRS has issued Revenue Ruling 2020-27, which sets forth the IRS’s position on the timing of the disallowance of deductions related to Paycheck Protection
Surety Teams: David Jean Contributes to Construction Executive
Some say it takes a village, while Construction Executive suggests a lead singer relies on the support of the band behind them. Whichever metaphor you
PPP Loans, Forgiven Expenses, & 2020 Deductions
As tax planners, we are familiar with the uncertain world of predicting future events and their related tax consequences. In working with businesses who obtained
PPP & EIDL Borrower Information to be Released by SBA
Throughout the ongoing legal battle with national-news organizations, the SBA has pushed for withholding certain PPP loan borrower information. The SBA claimed the information withheld
Avoiding Common 401(k) Plan Missteps
Your company’s 401(k) benefit plan is a key incentive for attracting and retaining the employees responsible for maintaining (and increasing) your cash flow, customer relationships,
IRS Guidance & Resources for Claiming the Employee Retention Credit
Update as of March 11, 2021: President Biden signed the American Rescue Plan Act of 2021 (ARP) on March 11, 2021. The ARP extends the
Biden Administration Changes the PPP
Since the Paycheck Protection Program (PPP) reopened in December 2020, nearly $135 billion of the $284 billion of allocated funding has been lent to small
Is Your Organization Subject to a Single Audit This Year?
Government funding has provided for-profit businesses and nonprofit organizations with a lifeline during the coronavirus pandemic. Those funds kept many doors open for business and
Are You Eligible for Maine’s Educational Opportunity Tax Credit?
Maine’s Educational Opportunity Tax Credit (EOTC) is an incentive program that may benefit Maine-resident taxpayers paying off student loans and working in the State of
Governor Mills Proposes Solution to Maine’s PPP Tax Conformity Issue
The Mills Administration proposed a compromise to lawmakers to solve the Maine’s issues with conformity to federal tax treatment of Paycheck Protection Program (PPP) funds.