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)
Key Inventory Tax Planning Considerations for Auto Dealers
Accurate inventory valuation is critical for auto dealerships, influencing financial statements, tax liabilities, and business strategy. This blog explores the pros and cons of using
Maine’s New Pass-Through Entity Tax Bill Explained: 2025 Changes
Update: Maine has enacted an elective pass-through entity tax effective for tax years beginning in 2026. Read ARB’s current Maine PTET guide. ———————- Maine’s Legislature is taking
Planning for 2025: The Future of TCJA Provisions and Anticipated New Tax Proposals
As Inauguration Day approaches, significant shifts in the tax landscape may be on the horizon, particularly concerning the provisions of the Tax Cuts and Jobs
WebCPA: The Dangers of Taking Tax and Financial Advice from the Internet
The internet offers an unprecedented amount of information of varying quality on virtually every topic, including taxes and finance. With the rise of artificial intelligence
Dirigo Business Incentive Program: Approvals Begin January 1 for Maine Manufacturers
The Dirigo Business Incentive Program is now in motion, providing a powerful framework for growth and investment in Maine’s manufacturing sector. With the application process