Blog | Albin Randall & Bennett
Recent Articles
OBBBA Penalty Relief: IRS Notice 2025-62 Provides Transition Year for “No Tax on Tips and Overtime” Reporting
At a Glance IRS Notice 2025-62 provides temporary penalty relief for tax year 2025 under the One Big Beautiful Bill Act (OBBBA). The notice applies
What Does Your Exit Map Look Like?
Most business owners have never exited their businesses before. Just like taking a big trip to a new place requires good planning to truly enjoy
Securing Remote Sales: How Dealerships Can Outsmart Fraud
In recent years, dealerships have embraced phone and online sales to streamline transactions and expand their market—but this convenience has also opened the door to
IRS Notice 2025-57: What Credit Unions Need to Know About the New OBBBA Auto Loan Interest Deduction
At a Glance The IRS has released Notice 2025-57 and Information Release 2025-105, offering transitional guidance for the new auto loan interest deduction created under
One Big Beautiful Bill: Key Tax Changes for Credit Unions
At a Glance The One Big Beautiful Bill Act, signed into law on July 4, 2025, introduces several tax and regulatory changes directly affecting credit
Logic vs. Legacy in Exit Planning
When planning for your eventual business exit, achieving financial security is the most important goal. But what happens when the emotional side of planning an
American Rescue Plan Act: Where Does It Stand & What Can Taxpayers Expect?
On Saturday, March 6th, The American Rescue Plan Act of 2021 (ARP) made it through a Senate vote (50–49) and was sent back to the
SBA Issues New PPP Borrower Application for Schedule C Filers & An Interim Final Rule
The SBA has issued a new Paycheck Protection Program (PPP) Borrower Application for sole proprietors and other Schedule C filers. These applicants can now base
IRS Guidance & Resources for Claiming the Employee Retention Credit
Update as of March 11, 2021: President Biden signed the American Rescue Plan Act of 2021 (ARP) on March 11, 2021. The ARP extends the
Biden Administration Changes the PPP
Since the Paycheck Protection Program (PPP) reopened in December 2020, nearly $135 billion of the $284 billion of allocated funding has been lent to small
Is Your Organization Subject to a Single Audit This Year?
Government funding has provided for-profit businesses and nonprofit organizations with a lifeline during the coronavirus pandemic. Those funds kept many doors open for business and