Blog | Albin Randall & Bennett
Recent Articles
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)
Supreme Court Vacates District Court’s Judgement on a Provision of the Affordable Care Act
On June 17, 2021, the Supreme Court issued an opinion that reverses and remands California et al. v. Texas et al. The lawsuit was originally
PPP Recipients in NH Catch a Break | Fate of the Millionaires Tax Falls to MA Voters
New Hampshire Exempts Forgiven Paycheck Protection Program (PPP) Loans from Business Profits Tax Governor Chris Sununu signed SB 3 on Thursday, June 10th, adding New
Maine’s Back-To-Work Grant Program
The Mills Administration launched a new program to boost the State of Maine’s economy by bringing workers to Maine employers in need and getting unemployed
How Does SAS 136 Change the Rules for a Limited Scope Audit?
Nearly two years ago, the AICPA issued Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit
What’s the Right Entity Type Selection for Your Business?
Entity selection is an important decision when starting a new business. It’s a decision that requires more thought than many new business owners may anticipate.