Blog | Albin Randall & Bennett
Recent Articles
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
What Does Your Exit Map Look Like?
Most business owners have never exited their businesses before. Just like taking a big trip to a new place requires good planning to truly enjoy
Securing Remote Sales: How Dealerships Can Outsmart Fraud
In recent years, dealerships have embraced phone and online sales to streamline transactions and expand their market—but this convenience has also opened the door to
IRS Notice 2025-57: What Credit Unions Need to Know About the New OBBBA Auto Loan Interest Deduction
At a Glance The IRS has released Notice 2025-57 and Information Release 2025-105, offering transitional guidance for the new auto loan interest deduction created under
One Big Beautiful Bill: Key Tax Changes for Credit Unions
At a Glance The One Big Beautiful Bill Act, signed into law on July 4, 2025, introduces several tax and regulatory changes directly affecting credit
Logic vs. Legacy in Exit Planning
When planning for your eventual business exit, achieving financial security is the most important goal. But what happens when the emotional side of planning an
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
DOL Announced Final Rule on Overtime
Which employees of your business qualify for time and a half? It’s time to reevaluate that question, namely at the executive, administrative, and professional levels.
Exit Planning for Closely Held Businesses: Where Do You Begin?
Closely held businesses come with their own brand of benefits and challenges. Since there are generally only a few stockholders, often family members, owners are
Lease Accounting for Manufacturing Companies
In 2016, the Financial Accounting Standards Board (FASB) issued new guidelines for the way businesses of all sizes and industry types handle lease accounting to
NCUA Provides Credit Unions Simplified Auditing Requirements
Good news for smaller credit unions: a new regulatory change is set to provide greater flexibility around auditing requirements. The National Credit Union Administration (NCUA)