Blog | Albin Randall & Bennett
Recent Articles
Beyond Compliance: Why SOC Reports Matter and What You Should Do with Them
Organizations increasingly rely on third-party service providers for critical operations like data management, payroll, and customer service. While outsourcing provides operational efficiency and cost savings,
Beneficial Ownership Information Reporting: What You Need to Know Before 2025
With the January 1, 2025 deadline for initial Beneficial Ownership Information (BOI) reporting approaching, it is crucial for businesses to begin preparing to meet these
Headlights: Autumn 2024
Download the PDF Protecting the Financial Well-Being of Your Automotive Dealership It’s been several years since dealers have had to actively manage the financial health
Tips and Tricks: Protecting Your Dealership from Halloween Vandalism and Year-Round Risk
Not all Halloween tricks are harmless fun. October often brings a spike in vandalism, especially around Halloween, with pranks and mischief leading to costly damage.
Selling an S-Corp to an ESOP Trust: A Path to Employee Ownership
Transitioning the ownership of an S-Corporation (S-Corp) to an Employee Stock Ownership Plan (ESOP) trust offers a strategic opportunity for business owners to transfer ownership
The 2024 Presidential Election and Its Potential Impact on Gift and Estate Taxes
Several key provisions in the Tax Cuts and Jobs Act (TCJA) are set to expire at the end of 2025. This creates a complex landscape
Understanding Maine’s New Sales Tax Rules for Lease and Rental Transactions
Starting January 1, 2025, Maine is implementing significant changes to its sales tax laws, specifically affecting lease and rental transactions. These tax law changes attempt
Disaster Planning for Auto Dealerships: Safeguarding Your Business from Natural Emergencies
Protecting your business is critical, especially in the face of natural disasters such as hurricanes, floods, wildfires, and tornadoes. According to FEMA, about a quarter
Introducing IRS Form 15620: Your Ticket to Streamlined Savings on Equity Compensation Tax
On November 7, 2024, the IRS introduced Form 15620 to standardize the Section 83(b) election process for taxpayers receiving unvested property such as restricted stock.
CECL Implementation: Reflections from Year One and Expectations for Year Two
The initial year of implementing Current Expected Credit Losses (CECL) regulations across U.S. financial institutions marked a transformative period for credit unions. Moving beyond the
Opportunity Ahead: Auto Dealer Class Action Lawsuit Settlements 2024 – How to File Your Dealership’s Claim
In Brief: Two class action settlements in 2024 present significant opportunities for auto dealerships to recover damages: the CDK/Reynolds and Reynolds antitrust settlement, addressing alleged