Blog | Albin Randall & Bennett
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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)
Three Key Nonprofit Tax Compliance Challenges to Avoid
Tax compliance is a prerequisite for a nonprofit’s future success. Running afoul of the IRS can cause a nonprofit organization to lose its tax-exempt status,
Headlights: NADA Show
Download the PDF Refresher on Fixed Operations Success Over the last couple of years, dealerships have generally experienced record sales and volume growth. Today, there
Headlights: Winter 2023
Download the PDF Dealership Real Estate and “Blue Sky” We are routinely asked to assist clients evaluating potential dealership transactions. Among the first two questions
Headlights: Spring/Summer 2023
Download the PDF Parts Inventory Management Best Practices The parts department affects every other department in the dealership. By adhering to industry “best practices” regarding
Tax Impact on Businesses Investing in R&D May Force Change to Section 174
The tax code has long recognized that incentivizing research and development is a critical component of a strong and competitive economy. For nearly 70 years,