Blog | Albin Randall & Bennett
Recent Articles
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
Year End Tax Strategies & the New Tax Code: Charitable Giving
Many wealthier taxpayers no longer itemize their deductions and instead are taking the standard deduction for income tax purposes. For 2019 the standard deduction is
FASB Delays Effective Date for CECL
We have been closely following as the complex legislative journey of CECL unfolds. When the CECL method was initially introduced, the Financial Accounting Standards Board
2019 ARB Construction & Real Estate Workshop: Top Takeaways on Revenue Recognition
ARB held its 2019 Construction and Real Estate Workshop on October 24, 2019. “We had several changes affecting the construction and real estate industry to
The Approach of New Auditing Standards for Employee Benefit Plans
Employee benefit plan audits subject to ERISA are in for some changes ahead. In July 2019, the American Institute of Certified Public Accountants’ (AICPA) Accounting
CECL’s Legislative Journey and How Credit Unions Can Prepare
Current Expected Credit Loss (CECL) CECL is an Accounting Standards Update (ASU) introduced by the Financial Accounting Standards Board (FASB) in June 2016. The ASU
US Treasury & IRS Issue Guidance on Reporting Wages Paid for Qualified Sick and Emergency Family Leave
On July 8th, the U.S. Treasury Department and Internal Revenue Service issued Notice 2020-54, Guidance on Reporting Qualified Sick Leave Wages and Qualified Family Leave
SBA’s HUBZone Program: 2020 Program Improvements, Updated Residency Requirements, and Contracting Changes
The SBA modified the Historically Underutilized Business Zone (HUBZone) Program at the end of 2019 to address long-standing uncertainties for small business investors and government
A Path to Success: Back to Construction Business Basics, Part II
ARB recently issued Part I of a two-part series, which focused on the basics that keep construction businesses on track for short and long-term success.
FinCEN Releases Additional Guidance on BSA/AML Customer Due Diligence for Hemp-Related Businesses
On August 3rd, the Financial Crimes Enforcement Network (FinCEN) issued additional guidance to financial institutions further clarifying the regulatory requirements surrounding customer due diligence (CDD)
Business Planning Solutions: Maintaining Adequate Cash Flow for Closely-Held Businesses
The effects of the COVID-19 crisis brought an end to the longest run of economic expansion in US history, leaving many businesses searching for creative