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FASB Proposes Extended Effective Dates for Private Companies and Nonprofits
Yesterday the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update that changes the effective date for certain new accounting standards. Private companies and nonprofits will
ARB Reveals New Brand Identity
FOR IMMEDIATE RELEASE The partners at Albin, Randall and Bennett (ARB) are proud to unveil a new brand identity for the firm. The refreshed brand
How much will your business lose to fraud this year?
If you don’t have good internal controls, your business could lose a lot. According to the Association of Certified Fraud Examiners (ACFE) 2018 Report to
CECL Adoption: A Complex Journey for Credit Unions
Financial institutions gained some breathing room last summer when the implementation deadline for the new CECL reporting standard was pushed to 2022 for non-publicly traded
Key Steps for Preparing a Business for Sale
It’s your largest asset and one that you have spent a lifetime building. Preparing your business for sale may seem daunting, but one thing is
Maine and Connecticut Adopt Paid Family and Medical Leave
Last month we told you about the approaching effective date for the new Paid Family and Medical Leave law in Massachusetts. Since then, both Connecticut
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