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
FASB Issues ASU Delaying Effective Date for Revenue Recognition & Lease Accounting Standards for Certain Entities
The COVID-19 pandemic has significantly impacted the global economy, and U.S. businesses are no exception. On June 3, 2020, the Financial Accounting Standards Board (FASB)
Senate Passes Bill Granting Flexibility to PPP Borrowers
The senate passed the House bill last night to change the PPP loan program. It appears they passed the house version “as is” in order to avoid
Unemployment Fraud Investigations Are Underway: Potential Delays in Receipt of Benefits May Be Ahead
The COVID-19 pandemic has been a time of uncertainty and vulnerability for millions of Americans. As our nation’s unemployment rate continues to rise due to
PPP Loan Forgiveness Workbook
We are currently updating all of our workbooks to reflect the most current rules. Please check back soon for new files. Looking for additional
Paycheck Protection Program Flexibility Act of 2020 Passes in the House
Today the House passed the Paycheck Protection Program Flexibility Act of 2020. The Bill passed the House 417-1. While the official text of the Bill