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)
Calling all Accounting Majors: Albin, Randall & Bennett Externship May 13-14
Albin, Randall & Bennett, CPAs, is a firm known for providing savvy and sensible advice to growing businesses and families in New England. We’re hosting
Auto Dealership Opportunities in the Tax Code
Tax Incentives For Auto Dealers Auto dealers by instinct are always looking for the edge, and when it comes to income taxes they are looking
NCUA Issues Annual Letter to Credit Unions for 2020
On January 7, 2020, the National Credit Union Administration (NCUA) issued its annual letter to credit unions. The 2020 letter discusses supervisory priorities in preparing
Forecasting 2020 for the Automotive Industry
Although 2019 wasn’t a record sales year for the automotive industry, it was still a solid year, and many dealers were profitable. According to most
Presenting Financial Statements to Your Board of Directors
As a nonprofit organization, governance lies with your Board of Directors. The Board holds the ultimate responsibility for your organization, including tax and reporting compliance,