Blog | Albin Randall & Bennett
Recent Articles
How OBBB Will Reshape Itemized Deductions for High-Income Earners
At a Glance The One Big Beautiful Bill (OBBB), enacted July 4, 2025, significantly reshapes itemized deductions for high-income taxpayers. Key provisions include a new
SECURE 2.0 Act Current Timeline for ESOPs, KSOPs, and 401(k)s
At a Glance The SECURE 2.0 Act brings several retirement plan changes that directly and indirectly affect ESOP-owned businesses. While many provisions target 401(k) and
Federal ESOP Legislation Update: Key 2025 Bills and What They Mean for Employee-Owned Companies
At a Glance This article summarizes recent federal legislation affecting employee stock ownership plans (ESOPs), including bills passed by the Senate in 2025 and others
Which Calculated Risks Should You Consider?
Minimizing risks is a goal that many business owners have. But sometimes, there are instances where taking calculated risks becomes a necessity, especially when you
Understanding the AGI Reduction for Charitable Contributions Under the OBBB
At a Glance The One Big Beautiful Bill (OBBB) introduces an annual reduction equal to 0.5% of adjusted gross income (AGI) for charitable contribution deductions
Consider an SOC Report to Help Manage Supply Chain Risks
Originally published in Manufacturer, ARB’s Manufacturing Industry newsletter. The pandemic revealed just how fragile global supply chains can be. In addition to contagious diseases, various
The CARES Act: A Closer Look at Certain Provisions for Employers
Countless employers are navigating uncharted territory as the COVID-19 crisis continues to affect business operations across the nation. To ensure our clients understand exactly what
IRS Issues Additional PPP Guidance: No Deductions for Expenses Paid with Forgivable Funds
The Paycheck Protection Program (PPP) was established to support small businesses with tax-free, forgivable, or partially forgivable, loans of up to $10 million each. However,
Mills Announces Four-Part Plan to Reopen Maine Economy
Update as of May 1, 2020: Stage 1 of the Governor’s plan to reopen the Maine economy commences today. Businesses in the Stage 1 sectors
Webinar Recording- Weathering the Storm: CARES Act Relief and Cash Management Strategies for Small Businesses
Recently, ARB’s David Jean, CPA, CCIFP and CExP along with Andrew Helman and Katie Krakowka, business restructuring attorneys from Murray Plumb & Murray, presented a webinar on critical steps
OMB Issues Guidance to Federal Agencies for Administering Federal Awards
The Office of Management and Budget (OMB) has issued Memorandum M-20-22, which provides federal agencies with guiding principles to aid federal contractors and award recipients