Blog | Albin Randall & Bennett
Recent Articles
Tax Planning: C Corporation Owners May Face IRS Scrutiny
Originally published in On-Site, ARB’s Construction Industry newsletter. Construction is a high-risk industry. Many contractors convert their businesses to C corporations to avoid personal liability for
IRS Issues FAQs on Deduction for Qualified Overtime Compensation
UPDATE: The IRS recently expanded its guidance on the new overtime reporting requirements. Read our latest blog: 2026 W-2 Reporting Changes: Is Your Payroll Process
Exit Planning: Good Intentions, Empty Promises
As a business owner, your employees put added stock into the things you say, how you say them, and when you say them. This is
EBSA Removes ESOPs from Its National Enforcement Project List: What ESOP Companies Should Know
At a Glance The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has formally ended its National Enforcement Project targeting Employee Stock Ownership Plans
NCUA Releases 2026 Supervisory Priorities: Key Takeaways for Credit Union Leaders
At a Glance The NCUA’s 2026 Supervisory Priorities reaffirm the agency’s commitment to risk-based supervision while highlighting key areas of examination focus for the year
QPVLI Compliance Guide: Reporting Vehicle Loan Interest Under the OBBBA
At a Glance The new Qualified Passenger Vehicle Loan Interest (QPVLI) deduction creates meaningful tax benefits for individual borrowers, but it also introduces significant reporting
Forecasting in 2021: What’s in Store for Auto Dealerships?
Overall, the outlook for auto dealerships as we move into 2021 is cautiously optimistic. There’s a lot to be said for positive beacons signaling improvement
What Individual Taxpayers Should Know About 2021 Tax Limits
It’s that time of year again where the new 2021 tax limit amounts are being announced. These amounts are those tax items which may adjust
Governor Mills Submits Budget Proposal: What Changes for Maine Taxpayers?
On January 25th, Maine Governor Janet Mills submitted a budget proposal to the Legislature that included a supplemental budget for fiscal year 2021 and a
SBA’s Shuttered Venue Operators Grant Program
The Shuttered Venue Operators Grant (SVOG), a program established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, makes $15 billion in
SBA’s Payments Toward Certain 7(a) Loans, 504 Loans & Microloans Are Nontaxable
Section 1112 of the CARES Act required the SBA to make payments for a period of 6 months to cover principal, interest, and any associated