Blog | Albin Randall & Bennett
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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
Forecasting in 2021: What’s in Store for Auto Dealerships?
Overall, the outlook for auto dealerships as we move into 2021 is cautiously optimistic. There’s a lot to be said for positive beacons signaling improvement
Mastering the Art & Science of Credit Union Compliance
For credit unions, maintaining compliance with authoritative guidance and regulatory requirements has become both an art and a science. Sure, most rules and regulations are
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