Blog | Albin Randall & Bennett
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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.

The Annual ARB Games Return
An Overview of ARB’s Annual Tax Season Games Every year during tax season, Albin, Randall & Bennett hosts the ARB Games. As a way to

The R&D Tax Credit is an Opportunity Construction Companies Can’t Miss
Business owners from all walks of life look for ways to increase cash flow and maximize savings in times of economic uncertainty. For construction companies

American Rescue Plan Act: Where Does It Stand & What Can Taxpayers Expect?
On Saturday, March 6th, The American Rescue Plan Act of 2021 (ARP) made it through a Senate vote (50–49) and was sent back to the

SBA Issues New PPP Borrower Application for Schedule C Filers & An Interim Final Rule
The SBA has issued a new Paycheck Protection Program (PPP) Borrower Application for sole proprietors and other Schedule C filers. These applicants can now base

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

2021 Tax Planning: What Contractors Need to Know
When tax time rolls around, it is not uncommon for contractors to feel like the deck is automatically stacked against them. But the right tax

House Passes The Infrastructure: What’s Next?
On Friday, November 5th, the House passed (228-206) the Infrastructure Investment and Jobs Act (the Infrastructure Bill, the Bill). The Bill passed in the Senate

The Maine Jobs & Recovery Plan Is Now In Effect
As of October 18th, Governor Mills’ plan to support Maine’s small businesses and workers, the Maine Jobs & Recovery Plan (the Plan), is in effect.

Power Up Your Profits: Investing in Solar Panels
A recent presentation sponsored by the AutoCPA group has my mind on harnessing the sun’s power. Specifically, how auto dealerships can benefit greatly from investment

Have You Considered the ESOP Route for Your Succession Plan?
After you’ve worked hard to build a successful business, planning initiatives that look beyond what happens to your business under your watch should become part