Blog | Albin Randall & Bennett
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IRS FIRE is retiring: Prepare now for IRIS in 2027
The way businesses electronically file 1099s and other information returns with the IRS is changing. The IRS is retiring its Filing Information Returns Electronically (FIRE)
2026 W-2 Reporting Changes: Is Your Payroll Process Ready?
If your business pays overtime or employs workers who earn tips, there’s a new payroll reporting requirement you shouldn’t wait until year-end to address. Beginning
ARB Earns 2026 Best Places to Work Honors
Albin, Randall & Bennett is proud to be one of the 2026 Best Places to Work in Maine and Best Places to Work for Women.
Maine PTET 2026: An Annual Planning Decision for Business Leaders
Maine’s new PTET begins in 2026. Learn who qualifies, how the 90% credit works, and what businesses should consider before making the annual election.
ARB Announces 2026 Promotions
Albin, Randall & Bennett is pleased to announce the following promotions: Nate Marcet, CPA, is promoted to Tax Director. Nate joined ARB in 2023 and
Albin, Randall & Bennett Announces the Promotions of Matthew S. Marcoullier and Samantha J. Pedersen to Principal
PORTLAND, MAINE, JULY 27, 2026 —Albin, Randall & Bennett (ARB) is pleased to announce the promotions of Matthew S. Marcoullier, CPA, and Samantha J. Pedersen, CPA, to
FinCEN Director Calls on Credit Unions and Banks for Help: SARs Related to COVID-19
The 2020 ACAMS Annual AML & Anti-Financial Crime Conference was held this week, and Financial Crimes Enforcement Network (FinCEN) Director Ken Blanco was among the
Accounting for Automotive Inventory: LIFO, Specific Identification, & Valuation Method Considerations
As an automotive dealership, your inventory is your largest current asset, so properly measuring inventories against expenses and revenue is imperative. Key financial and operational
FASB ASU 2020-07: New Standard Addresses Nonprofit Gifts-in-Kind
On September 17th, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07 on Topic 958, Presentation and Disclosures by Not-for-Profit Entities for
Maine DECD Announces Phase II of the Maine Economic Recovery Grant Program
Update as of September 21, 2020: The DECD has announced Phase II of the Maine Economic Recovery Grant Program. Phase I of the Program, launched
A Construction Company’s Guide to Approaching Today’s Risk Management
As with all industries, the construction sector continues to realize the far-reaching effects of COVID-19 crisis. Now, more than ever, it’s imperative for a construction