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OBBBA Penalty Relief: IRS Notice 2025-62 Provides Transition Year for “No Tax on Tips and Overtime” Reporting
At a Glance IRS Notice 2025-62 provides temporary penalty relief for tax year 2025 under the One Big Beautiful Bill Act (OBBBA). The notice applies

What Does Your Exit Map Look Like?
Most business owners have never exited their businesses before. Just like taking a big trip to a new place requires good planning to truly enjoy

Securing Remote Sales: How Dealerships Can Outsmart Fraud
In recent years, dealerships have embraced phone and online sales to streamline transactions and expand their market—but this convenience has also opened the door to

IRS Notice 2025-57: What Credit Unions Need to Know About the New OBBBA Auto Loan Interest Deduction
At a Glance The IRS has released Notice 2025-57 and Information Release 2025-105, offering transitional guidance for the new auto loan interest deduction created under

One Big Beautiful Bill: Key Tax Changes for Credit Unions
At a Glance The One Big Beautiful Bill Act, signed into law on July 4, 2025, introduces several tax and regulatory changes directly affecting credit

Logic vs. Legacy in Exit Planning
When planning for your eventual business exit, achieving financial security is the most important goal. But what happens when the emotional side of planning an

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

Congress Passes the One Big Beautiful Bill: Key Tax Changes Ahead
UPDATE: As anticipated, the President signed the bill into law on July 4, 2025. Congress has officially passed the “One Big Beautiful Bill,” a wide-ranging

U.S. Senate Passes the “One Big Beautiful Bill” — What Changed and What’s Next
On July 1, 2025, the Senate passed its version of the “One Big Beautiful Bill” (OBBB), a major tax and spending package that originated in

Albin, Randall & Bennett Names Laura Everett as New Managing Principal
Albin, Randall & Bennett (ARB) is pleased to announce that Laura Everett, CPA, has been named the firm’s Managing Principal, effective July 1, 2025. Laura

Defeating Boredom in Retirement
Many people have a romantic view of what retirement looks like. Beaches, cruises, road trips, sitting next to a pool with no responsibilities—in reality, many