Blog | Albin Randall & Bennett
Recent Articles
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.
Partnership Tax Capital Reporting Requirements & Penalty Relief for 2020
In a continued joint effort to streamline the Tax Capital Reporting Requirement for partnerships, The U.S. Treasury and IRS recently provided additional penalty relief for
The R&D Tax Credit: How Innovation Pays Off for Manufacturers
When business owners think of research and development, Big Pharma and large clinical laboratories may come to mind initially. However, R&D can likely be found
Job Costing: The Key to Success for Craft Breweries
Running a profitable craft brewery involves more than just knowing how to make good beer. True, you need to skillfully combine ingredients in a creative
Policy Alert: Employee Retention Credit for 2020 & 2021
It’s not too late to take advantage of the employee retention credit (ERC) for either 2020 or 2021. The ERC is a tax credit available
How Measuring Profitability Can Help Your Professional Services Firm Grow
Measuring profitability helps professional services firms (PSFs) determine whether a project is worth its weight in resources, time, and effort. It also allows you to
Tax Planning Can Help You Meet Personal and Business Goals
When you own a closely-held business, your personal and business goals are not mutually exclusive. The business goals you set and decisions you make that
The Post-Pandemic Business Model for Contractors
As a contractor, your work requires logical forethought and mathematical precision. After all, you measure twice, cut once, right? In this industry, “re” terms generally