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IRS Provides 2020 Required Minimum Distribution Rollover Relief
On June 23rd, the IRS issued Notice 2020-51, which provides far-reaching relief for taxpayers who took required minimum distributions (RMDs) in 2020 from their IRAs

New PPP Loan Forgiveness Provisions Introduced in Latest SBA/Treasury Interim Final Rule
Last week, the SBA, in conjunction with the U.S. Treasury, issued the revised PPP Loan Forgiveness Application, which incorporates changes as a result of the

SBA and US Treasury Issue Updated PPP Guidelines on Loan Forgiveness & Transparency
The SBA and Treasury have issued a number of new guidelines in recent weeks that affect both current and potential PPP loan recipients. We have

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

Sec. 199A Deduction for Engineering Firms: The Exception to the Exception
For businesses that are structured as pass-through entities The Tax Cuts and Jobs Act of 2017 (TCJA) created a plethora of complex – but potentially

The Tax Cuts and Jobs Act: Changing the Status Quo in Construction and Real Estate
For pass-through businesses – S Corporations, partnerships, LLCs and sole proprietorships – the Tax Cuts and Jobs Act (TCJA) provides significant changes that will impact

Albin, Randall & Bennett Welcomes Tax Manager, Bill Dunn
Albin, Randall & Bennett Welcomes Tax Manager, Bill Dunn Portland, Maine (November 5, 2018) – Albin, Randall & Bennett (ARB) is pleased to welcome Tax Manager,

Albin, Randall & Bennett Names Laura Everett Director
Albin, Randall & Bennett Names Laura Everett Director Portland, Maine (July 31, 2018) – Albin, Randall & Bennett (ARB) is pleased to announce the promotion of

Supreme Court Ruling Opens up Internet Sales Tax Collection Laws
The U.S. Supreme Court sided, 5-4, with South Dakota in South Dakota v. Wayfair, allowing South Dakota to keep its law requiring internet retailers with no