Blog | Albin Randall & Bennett
Recent Articles
Divorce and Taxes – What Every Taxpayer Should Know Before Signing the Papers
At a Glance Divorce affects more than your personal life—it also reshapes your tax picture. Filing status, support payments, property transfers, and retirement accounts each
Bloodlines vs. Business Sense
The sense of pride in building a business and keeping it in the family can be a huge motivator for business owners. But transferring a
How the One Big Beautiful Bill Changes Qualified Small Business Stock (QSBS) Tax Benefits
At a Glance The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, makes several key updates to Qualified Small Business Stock
Why Maine’s Pass-Through Entity Tax Could Benefit More Than Just High-Income Owners
Update: Maine has enacted an elective pass-through entity tax effective for tax years beginning in 2026. Read ARB’s current Maine PTET guide. ————————- Maine’s consideration
Payroll Implications of Maine’s Emerging Pass-Through Entity Tax
Update: Maine has enacted an elective pass-through entity tax effective for tax years beginning in 2026. Read ARB’s current Maine PTET guide. ————————- As Maine
2025 Electric Vehicle Requirements and Incentives Across New England: What Dealerships Need to Know
Electric vehicle (EV) requirements and incentives are in a period of transition across New England. Between shifting state sales mandates, adjustments to rebate programs, and
OMB Extends Due Date for Certain Single Audits
The Office of Management and Budget (OMB) issued a memorandum on March 19th, which announced a six-month extension of the due date for certain single
Congress Passes the PPP Extension Act of 2021
Update as of March 30, 2021 On March 30, 2021, President Biden signed the PPP Extension Act of 2021. The Paycheck Protection Program (PPP) loan
American Rescue Plan Act of 2021 Expands Nonprofit PPP Eligibility
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP) into law, providing several tax relief provisions for individuals, businesses,
State of Maine to Conform to Federal Treatment of PPP Loans & Other Tax Relief Provisions
On March 18, 2021, Maine Governor Janet Mills signed the fiscal year 2020-2021 supplemental budget into law. The supplemental budget includes legislation ruling that the
Treasury & IRS Extend Federal Individual Income Tax Due Date for 2020 Tax Year; State of Maine Follows Suit
The Treasury Department and IRS extended the federal income tax filing due date for individuals for the 2020 tax year to May 17, 2021. The State of Maine also extended the due date for 2020 Maine income tax returns to May 17, 2021.