Blog | Albin Randall & Bennett
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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

MANP Issues Guidelines for Safely Reopening Nonprofit Organizations in Maine
All sectors of business in Maine have been affected by the COVID-19 crisis, and nonprofits are definitely no exception. As our communities, businesses, and organizations

Tax Planning for 2020, A Pandemic Year
This year is already turning out to be a unique one, in terms of its uncertainty associated with the COVID-19 pandemic. It seems like so

Qualified Improvement Property –Error Fixed!
The CARES Act was passed in late March, largely to provide stimulus and emergency assistance to individuals and businesses adversely impacted by the coronavirus pandemic.

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)

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