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)
FTC December 9, 2022 Deadline… Extended (At Least Part of It)!
Dealers are feverishly working on a mandate from the Federal Trade Commission (FTC) to comply with new standards to keep their customers’ information safe. Many
Using Charitable Lead Trusts & Charitable Remainder Trusts
Charitable trusts can help you reduce income taxes, lower estate tax, and protect your assets while incorporating your charitable goals into your estate plan. And
The Massachusetts Chapter 62F Refund: Who Gets One & Why?
Thanks to a relatively obscure state law enacted in 1986, Massachusetts taxpayers may soon receive an unexpected financial break. Until now, the law had not
The Inflation Reduction Act: What Taxpayers Need To Know
The Inflation Reduction Act, legislation aiming to lower inflation and reduce the deficit over the next decade, became law in August. Here’s a look at
Is Your Professional Services Firm Attracting Top Talent?
According to the US Bureau of Labor Services (BLS), things are looking up in terms of employment gains in the business and professional services sector,