Blog | Albin Randall & Bennett
Recent Articles
Getting Married? A Simple Tax Guide for Your First Year Filing Together
At a Glance Marriage brings meaningful personal change, but it also creates a new financial landscape—especially at tax time. Once you are married, the IRS
What Business Owners Should Understand About Fraud Risk
At a Glance Fraud risk is rising as businesses adopt new systems, expand digital payments, outsource functions, and operate with remote or hybrid workforces. While
Dealing with Complex Co-Ownership Setups
Co-owned businesses come with numerous complexities. One of the biggest challenges for co-owners is determining how to approach the exit of another co-owner, especially when
2026 Business Outlook: Key Economic, Tax, and Strategic Trends Impacting Owners, Employers, and Investors
At a Glance After several years of economic shifts and rapid innovation, 2026 is shaping up to be a year of recalibration and opportunity across
New England Auto Dealerships 2025 Year in Review
At a Glance For auto dealerships across New England, 2025 was a year of recalibration. The pace of change in vehicle technology, consumer expectations, and
Business Value Is More Than a Measuring Stick
Is it possible for a $5 million business to be more valuable than a $15 million business? Let’s look at a fictional but representative story
Implementing AI in an Auto Dealership – How to Get Started
Artificial intelligence (AI) has become an increasingly prevalent topic in the automotive dealership industry and seems to be one of the current “disruptors” in the
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