Blog | Albin Randall & Bennett
Recent Articles
ARB is Thankful. . .
What is ARB thankful for this year? 2020 has been a year full of unexpected surprises and developing new norms. However, through the chaos, ARB
Webinar: What Do Football and Construction Firms Have in Common?
Few people thought there would be a 2020 football season. Millions of people are tuning in to cheer on their favorite teams and Monday Morning
Maine’s Business Equipment Tax Programs Can Provide Tax Relief for Eligible Businesses
The State of Maine offers Business Equipment Tax Programs to provide eligible Mainers with tax relief and to encourage capital investment in Maine. The Business
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
State of Maine to Conform to Federal Treatment of PPP Loans & Other Tax Relief Provisions
On March 18, 2021, Maine Governor Janet Mills signed the fiscal year 2020-2021 supplemental budget into law. The supplemental budget includes legislation ruling that the
Treasury & IRS Extend Federal Individual Income Tax Due Date for 2020 Tax Year; State of Maine Follows Suit
The Treasury Department and IRS extended the federal income tax filing due date for individuals for the 2020 tax year to May 17, 2021. The State of Maine also extended the due date for 2020 Maine income tax returns to May 17, 2021.
American Rescue Plan Act of 2021: What Business Taxpayers Need to Know
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP) into law. “This legislation is about giving the backbone of
American Rescue Plan Act of 2021: What Individual Taxpayers Need to Know
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP) into law. “This legislation is about giving the backbone of
Exit Planning for Family Business Transfers
A family business transfer is a common exit path for business owners. Just like any family affair, family business transfers come with benefits and drawbacks.