Blog | Albin Randall & Bennett
Recent Articles
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)
Using KPIs to Detect Trends and Avoid Costly Errors in Your Dealership
Summary In today’s fast-moving dealership environment, financial visibility is critical. This article outlines seven key performance indicators (KPIs) that dealership owners and CFOs can use
Asset Protection: The Understated Side of Growth
For many business owners, business growth is the main area of focus. However, asset protection and retention are elements of business growth that don’t always
New R&D Expensing Rules Under the One Big Beautiful Bill: What Section 174A Means for 2025 and Beyond
Beginning in 2025, businesses conducting research and development (R&D) will see major changes in how they deduct those costs on their federal tax returns. The
Car Loan Interest Deduction 2025–2028: What Auto Dealerships Need to Know Under the One Big Beautiful Bill
Summary The One Big Beautiful Bill introduces a new tax deduction for car loan interest, available from 2025 through 2028. For qualifying individual buyers, up
2026 Gambling Taxes Overhauled: Mastering the One Big Beautiful Bill’s Loss Deduction Cap
SummaryOne Big Beautiful Bill wagering losses changes how gamblers deduct losses, capping deductions at 90 percent of documented losses and tying them to winnings starting in