Blog | Albin Randall & Bennett
Recent Articles
Presenting Financial Statements to Your Board of Directors
As a nonprofit organization, governance lies with your Board of Directors. The Board holds the ultimate responsibility for your organization, including tax and reporting compliance,
Albin, Randall & Bennett Promotes New Principals
Laura T. Everett, CPA and Matthew J. Pore, CPA Promoted to Principal Portland, Maine – January 1, 2020 – Albin, Randall & Bennett (ARB), a
New Tax Legislation-December 2019
Once again, Congress has passed tax legislation just before Christmas. This year, the tax provisions were attached to an enormous spending bill. The tax portion
Nonprofits Set to Save on Employee Transportation Costs with Passage of New Spending Bill
A newly passed federal spending bill has wide-ranging implications for both businesses and individuals, but one key section is of particular note for nonprofits that
Recognizing the Value in Your Management Team
Attracting and retaining motivated and dedicated key employees should be crucial to any business plan, but it is all too easy to mistake for a
Cybersecurity: Is Your Data Safe?
It’s no secret that incredible technological strides in banking have been made over the past decade. The benefits we experience with new technologies and the
Webinar: PPP Flexibility Act
Yet another change to the PPP loan program was signed into law on June 5th by President Trump, the Paycheck Protection Program Flexibility Act of
The CARES Act: A Closer Look at Certain Provisions for Employee Benefit Plans
As we continue to weather the COVID-19 crisis, there’s hardly a single facet of American life left unchanged. The inner workings of employee benefit plans
AICPA Issues Accounting Guidance for PPP Loan Forgiveness
On June 10th, the AICPA issued Technical Question and Answer (TQA) 3200.18, Borrower Accounting for a Forgivable Loan Received Under the Small Business Administration Paycheck
Exit Planning in an Uncertain Economy: Business Growth Opportunities Remain Despite COVID-19 Crisis
As a business owner, exit planning is inevitable. From planning to implementation, exiting a business often takes about 3-5 years, so a comprehensive exit plan
IRS Issues Notice 2020-39: Provisions Provided for QOF Investors Affected by COVID-19
The 2017 Tax Cuts and Jobs Act introduced legislation surrounding the Opportunity Zone Program, a tax incentive program allowing tax breaks for those investing in