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)
Employee Retention Credit: How Recent & Pending Legislation Affects the ERC
The employee retention credit (ERC) is a tax credit available for eligible employers to claim against qualified wages paid after March 12, 2020, through December
Massachusetts Enacts Elective Excise Tax for Pass-Through Entities
Massachusetts passed budget legislation that allows eligible pass-through entities, including S corporations, partnerships, and limited liability companies (LLCs), to pay an elective excise tax on
2021 Construction Industry Trends: Ownership Transfers & Management Succession Planning
Most business owners right now are sharply focused on steady cash flow, cutting costs, maintaining operations as close to the status quo as possible, and
Construction Accounting Basics: 6 Questions Contractors Need to Ask When Starting a New Construction Firm
Starting your own construction company without a financial strategy rooted in smart accounting basics is like starting a build without a floor plan. Many of
Massachusetts Law Addresses Unemployment Solvency & Emergency Sick Leave
Governor Charlie Baker signed legislation in May that modified the way Massachusetts handles COVID-19-related unemployment claims and the COVID-19 Temporary Emergency Paid Sick Leave Program.