Blog | Albin Randall & Bennett
Recent Articles
Manufacturing in Maine 2025 Year in Review
At a Glance Maine’s manufacturing sector spent 2025 balancing innovation and resilience. Despite global uncertainty, the state saw continued investment in advanced materials, precision manufacturing,
Construction Industry in Maine 2025 Year in Review
At a Glance As 2025 draws to a close, Maine’s construction industry stands at a crossroads between growth and growing pains. From the rising cost
NIL Income and Taxes: What College Athletes and Families Need to Know
At a Glance The NCAA’s Name, Image, and Likeness (NIL) program has transformed college athletics, allowing student-athletes to earn money through sponsorships, appearances, and more.
Building Business Value Via Your Employees
Your employees can be a huge differentiator in terms of building your business’s value. However, it’s important for you to understand how to properly motivate
State Conformity to OBBBA Tax Provisions: What Businesses and Taxpayers in Maine, Massachusetts, and New Hampshire Need to Know
At a Glance The One Big Beautiful Bill Act (OBBBA) significantly changes federal tax rules beginning in 2025, but Maine, Massachusetts, and New Hampshire vary
How a Strong Month-End Close Drives Dealership Financial Success
Running an auto dealership means coordinating several interconnected departments—sales, parts, service, and financing—all moving at high speed. Without a solid month-end close, it’s easy for
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