Blog | Albin Randall & Bennett
Recent Articles
Bloodlines vs. Business Sense
The sense of pride in building a business and keeping it in the family can be a huge motivator for business owners. But transferring a
How the One Big Beautiful Bill Changes Qualified Small Business Stock (QSBS) Tax Benefits
At a Glance The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, makes several key updates to Qualified Small Business Stock
Why Maine’s Pass-Through Entity Tax Could Benefit More Than Just High-Income Owners
Update: Maine has enacted an elective pass-through entity tax effective for tax years beginning in 2026. Read ARB’s current Maine PTET guide. ————————- Maine’s consideration
Payroll Implications of Maine’s Emerging Pass-Through Entity Tax
Update: Maine has enacted an elective pass-through entity tax effective for tax years beginning in 2026. Read ARB’s current Maine PTET guide. ————————- As Maine
2025 Electric Vehicle Requirements and Incentives Across New England: What Dealerships Need to Know
Electric vehicle (EV) requirements and incentives are in a period of transition across New England. Between shifting state sales mandates, adjustments to rebate programs, and
OBBBA Penalty Relief: IRS Notice 2025-62 Provides Transition Year for “No Tax on Tips and Overtime” Reporting
At a Glance IRS Notice 2025-62 provides temporary penalty relief for tax year 2025 under the One Big Beautiful Bill Act (OBBBA). The notice applies
Year End Tax Strategies & the New Tax Code: Charitable Giving
Many wealthier taxpayers no longer itemize their deductions and instead are taking the standard deduction for income tax purposes. For 2019 the standard deduction is
FASB Delays Effective Date for CECL
We have been closely following as the complex legislative journey of CECL unfolds. When the CECL method was initially introduced, the Financial Accounting Standards Board
2019 ARB Construction & Real Estate Workshop: Top Takeaways on Revenue Recognition
ARB held its 2019 Construction and Real Estate Workshop on October 24, 2019. “We had several changes affecting the construction and real estate industry to
The Approach of New Auditing Standards for Employee Benefit Plans
Employee benefit plan audits subject to ERISA are in for some changes ahead. In July 2019, the American Institute of Certified Public Accountants’ (AICPA) Accounting
CECL’s Legislative Journey and How Credit Unions Can Prepare
Current Expected Credit Loss (CECL) CECL is an Accounting Standards Update (ASU) introduced by the Financial Accounting Standards Board (FASB) in June 2016. The ASU