Blog | Albin Randall & Bennett
Recent Articles
Exit Planning for Closely Held Businesses: Where Do You Begin?
Closely held businesses come with their own brand of benefits and challenges. Since there are generally only a few stockholders, often family members, owners are
Lease Accounting for Manufacturing Companies
In 2016, the Financial Accounting Standards Board (FASB) issued new guidelines for the way businesses of all sizes and industry types handle lease accounting to
NCUA Provides Credit Unions Simplified Auditing Requirements
Good news for smaller credit unions: a new regulatory change is set to provide greater flexibility around auditing requirements. The National Credit Union Administration (NCUA)
ARB Hosts Annual Open House
Albin, Randall & Bennett, a 2019 Best Places to Work in Maine, hosted its annual Open House on September 25, 2019. We were excited to
Will Wayfair Create More Tax Liability for Your Business?
It’s been more than a year since the U.S. Supreme Court allowed states to tax online sales in its South Dakota v. Wayfair, Inc. (“Wayfair”)
ESOP Considerations for Construction Companies
Employee Stock Ownership Plans (ESOPs) have been on the rise since the Employee Retirement Income Security Act of 1974 (ERISA) set the foundation for the
SBA FAQ #46 Provides Some Guidance and Relief for PPP Borrowers of Under $2 Million
SBA/Treasury just issued FAQ #46 with a safe harbor for the “good faith certification” for obtaining the PPP loan. The safe harbor indicates loans less
Webinar Recording: You Have Your PPP Loan…Now What?
Recently, Bart Haag, CPA, Holly Ferguson, CPA and Matt Pore, CPA presented a webinar with the New Hampshire Automobile Dealers Association. They discussed the Paycheck
New Guidance Issued for PPP: Companies Advised to Revisit Certification of Good Faith & Reevaluate Loan Needs
The Paycheck Protection Program (PPP) has provided critical support to small businesses across the nation. Many businesses have been able to appropriately modify and maintain
The CARES Act: A Closer Look at Certain Provisions for Employers
Countless employers are navigating uncharted territory as the COVID-19 crisis continues to affect business operations across the nation. To ensure our clients understand exactly what
IRS Issues Additional PPP Guidance: No Deductions for Expenses Paid with Forgivable Funds
The Paycheck Protection Program (PPP) was established to support small businesses with tax-free, forgivable, or partially forgivable, loans of up to $10 million each. However,