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)
SBA Issues New PPP Interim Final Rule
The SBA recently issued Paycheck Protection Program Interim Final Rule – Treatment of Owners and Forgiveness of Certain Nonpayroll Costs. This PPP interim final rule supplements
US Treasury & IRS Issue Guidance on Reporting Wages Paid for Qualified Sick and Emergency Family Leave
On July 8th, the U.S. Treasury Department and Internal Revenue Service issued Notice 2020-54, Guidance on Reporting Qualified Sick Leave Wages and Qualified Family Leave
SBA’s HUBZone Program: 2020 Program Improvements, Updated Residency Requirements, and Contracting Changes
The SBA modified the Historically Underutilized Business Zone (HUBZone) Program at the end of 2019 to address long-standing uncertainties for small business investors and government
A Path to Success: Back to Construction Business Basics, Part II
ARB recently issued Part I of a two-part series, which focused on the basics that keep construction businesses on track for short and long-term success.
FinCEN Releases Additional Guidance on BSA/AML Customer Due Diligence for Hemp-Related Businesses
On August 3rd, the Financial Crimes Enforcement Network (FinCEN) issued additional guidance to financial institutions further clarifying the regulatory requirements surrounding customer due diligence (CDD)