Blog | Albin Randall & Bennett
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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)
Are You Ready for the New Revenue Recognition Standard?
If your company gets revenue from contracts with customers, as construction companies do, you’d better be ready for ASC 606, the new revenue recognition standard
FASB Proposes Extended Effective Dates for Private Companies and Nonprofits
Yesterday the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update that changes the effective date for certain new accounting standards. Private companies and nonprofits will
ARB Reveals New Brand Identity
FOR IMMEDIATE RELEASE The partners at Albin, Randall and Bennett (ARB) are proud to unveil a new brand identity for the firm. The refreshed brand
How much will your business lose to fraud this year?
If you don’t have good internal controls, your business could lose a lot. According to the Association of Certified Fraud Examiners (ACFE) 2018 Report to
CECL Adoption: A Complex Journey for Credit Unions
Financial institutions gained some breathing room last summer when the implementation deadline for the new CECL reporting standard was pushed to 2022 for non-publicly traded