Blog | Albin Randall & Bennett
Recent Articles
SBA’s HUBZone Program: 2020 Program Improvements, Updated Residency Requirements, and Contracting Changes
The SBA modified the Historically Underutilized Business Zone (HUBZone) Program at the end of 2019 to address long-standing uncertainties for small business investors and government
A Path to Success: Back to Construction Business Basics, Part II
ARB recently issued Part I of a two-part series, which focused on the basics that keep construction businesses on track for short and long-term success.
FinCEN Releases Additional Guidance on BSA/AML Customer Due Diligence for Hemp-Related Businesses
On August 3rd, the Financial Crimes Enforcement Network (FinCEN) issued additional guidance to financial institutions further clarifying the regulatory requirements surrounding customer due diligence (CDD)
Business Planning Solutions: Maintaining Adequate Cash Flow for Closely-Held Businesses
The effects of the COVID-19 crisis brought an end to the longest run of economic expansion in US history, leaving many businesses searching for creative
A Path to Success: Back to Construction Business Basics, Part I
The effects of the COVID-19 crisis brought an end to the longest run of economic expansion in US history. The construction industry has been on
Considerations for ALLL Calculations and Regulatory Updates Affecting Credit Unions
When the economy is stable and it’s “business as usual,” it’s reasonable to assume historical experience can be used in estimating future outcomes. Conversely, periods
PPP & ERTC: Relief Bill Considerations for Business Owners
The extension of the Paycheck Protection Program (PPP) was a welcome surprise at the end of 2020. Especially some of the provisions, like the deductibility
SBA Continues to Rollout the Second Round of the PPP
Starting today, Friday, January 15th, the SBA is accepting applications for the second round of Paycheck Protection Program (PPP) funding from smaller
PPP2 for Nonprofits: Which Organizations Are Eligible for Second Draw Funding?
Nonprofit organizations that received loans through the first round of the Paycheck Protection Program (PPP1) may be eligible for a second draw of PPP funding
NDAA for 2021: What’s in Store for Credit Unions?
We’ve come to expect the National Defense Authorization Act (NDAA) to pass each year, as it has for the last 59 consecutive fiscal years. The
COVIDTRA for Businesses & Nonprofits: A Closer Look at Certain COVID-19-Related Tax Relief
On December 27th, President Trump signed the COVID-Related Tax Relief Act (COVIDTRA), a $908 billion relief package, into law. Among other provisions, the legislation includes