Blog | Albin Randall & Bennett
Recent Articles
Dealership Valuations – Optimizing Your Results
Many dealers we talk to might have a general idea of what it would take to get them to sell their store, or what they
What to Ask in an Accounting Firm Interview (and Why It Matters)
If you’re heading into an interview at an accounting firm, you’re probably focused on how to answer questions well. But don’t forget—interviews are a two-way
One Big Beautiful Bill: What Family-Owned Businesses Need to Know
The One Big Beautiful Bill (OBBB) delivers a wide range of permanent and temporary tax changes that will affect family-owned businesses, their owners, and their
No Exit Plan? What’s the Worst That Can Happen?
When you’re running a successful business, creating a plan for your eventual exit may be the last thing on your mind. “I have way too
How Externships and Internships Help You Choose the CPA Firm That Works for You
Starting a career in accounting isn’t just about choosing a major—it’s about finding the right environment to grow professionally. With so many CPA firms offering
ARB Earns Spot on Best Places to Work in Maine List for 13th Consecutive Year
For the thirteenth consecutive year, Albin, Randall & Bennett has been recognized among the Best Places to Work in Maine. This milestone underscores ARB’s continued
Navigating Lessee Lease Modifications and Amendments
Overview of ASC 842 The introduction of Accounting Standards Codification (ASC) 842 significantly transformed lease accounting under U.S. Generally Accepted Accounting Principles (GAAP). This update
BOI Update: Federal Court Halts Beneficial Ownership Reporting Requirements
UPDATED 12/27/24 The enforcement of Beneficial Ownership Information (BOI) reporting requirements remains in flux, with ongoing rulings and deadline changes continuing to alter its status:
Understanding Maine’s New Sales Tax Rules for Lease and Rental Transactions
Starting January 1, 2025, Maine is implementing significant changes to its sales tax laws, specifically affecting lease and rental transactions. These tax law changes attempt
Disaster Planning for Auto Dealerships: Safeguarding Your Business from Natural Emergencies
Protecting your business is critical, especially in the face of natural disasters such as hurricanes, floods, wildfires, and tornadoes. According to FEMA, about a quarter
Introducing IRS Form 15620: Your Ticket to Streamlined Savings on Equity Compensation Tax
On November 7, 2024, the IRS introduced Form 15620 to standardize the Section 83(b) election process for taxpayers receiving unvested property such as restricted stock.