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Manufacturing in Maine 2025 Year in Review
At a Glance Maine’s manufacturing sector spent 2025 balancing innovation and resilience. Despite global uncertainty, the state saw continued investment in advanced materials, precision manufacturing,

Construction Industry in Maine 2025 Year in Review
At a Glance As 2025 draws to a close, Maine’s construction industry stands at a crossroads between growth and growing pains. From the rising cost

NIL Income and Taxes: What College Athletes and Families Need to Know
At a Glance The NCAA’s Name, Image, and Likeness (NIL) program has transformed college athletics, allowing student-athletes to earn money through sponsorships, appearances, and more.

Building Business Value Via Your Employees
Your employees can be a huge differentiator in terms of building your business’s value. However, it’s important for you to understand how to properly motivate

State Conformity to OBBBA Tax Provisions: What Businesses and Taxpayers in Maine, Massachusetts, and New Hampshire Need to Know
At a Glance The One Big Beautiful Bill Act (OBBBA) significantly changes federal tax rules beginning in 2025, but Maine, Massachusetts, and New Hampshire vary

How a Strong Month-End Close Drives Dealership Financial Success
Running an auto dealership means coordinating several interconnected departments—sales, parts, service, and financing—all moving at high speed. Without a solid month-end close, it’s easy for

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

Key Steps for Preparing a Business for Sale
It’s your largest asset and one that you have spent a lifetime building. Preparing your business for sale may seem daunting, but one thing is

Maine and Connecticut Adopt Paid Family and Medical Leave
Last month we told you about the approaching effective date for the new Paid Family and Medical Leave law in Massachusetts. Since then, both Connecticut

ARB Hosts Annual Spring Externship, Experience ARB
Experience Career. Experience Culture. EXPERIENCE ARB Albin, Randall & Bennett, CPAs, a firm known for providing savvy and sensible advice to growing businesses and