Archive for the ‘Automotive’ Category

Albin, Randall & Bennett Welcomes Tax Director, Matthew Pore

PRESS RELEASE FOR IMMEDIATE RELEASE — March 5, 2019 Albin, Randall & Bennett Welcomes Tax Director, Matthew Pore Portland, Maine (March 5, 2019) – Albin, Randall & Bennett (ARB) is pleased to welcome Tax Director, Matthew J. Pore, CPA. Pore has been practicing public accounting for 15 years and brings significant depth and experience in […]

Plan to Make More Money for Your Dealership

by Bart Haag, CPA When was the last time you prepared a forecast for your dealership? If it’s been a while, your dealership is likely running you rather than you running your dealership, and you’re not likely thinking strategically about how to make more money. You might already be successful, but could you be more […]

Congress Passes Tax Increase Prevention Act/ABLE Act

December 17, 2014 (Portland, Maine) — On December 16, 2014 the U.S. Senate joined with the U.S. House of Representatives to pass legislation preserving many of the tax cuts and extending other expired tax provisions. President Obama is expected to sign the legislation into law. Details of the Act are still being analyzed and publicized, […]

Auto Dealership Audits: Focus on Real Estate

For auto dealerships, building rent payments, leasing arrangements and other real estate transactions are often scrutinized by the IRS. In fact, to help its auditors with these types of issues, the IRS created the Market Segment Specialization Program (MSSP). The MSSP provides guidelines for auditors on examination issues specific to a wide variety of industries. […]

Will LD 2721 Prohibit the Use of LIFO Accounting? ARB Voices Its Opinion

On January 22, 2014, Bart Haag, CPA and Michael Niles, CPA of Albin, Randall & Bennett attended the public hearing before the Joint Standing Committee on Appropriations on L.R. 2721 “An Act Related to the Report of the Tax Expenditure Review Task Force.”  This is an extremely important bill, as it relates to revenue sharing […]

New Hampshire 2013 Legislative Session in Review

The New Hampshire 2013 Legislative Session ended recently and included some changes that affect a variety of areas that businesses in New Hampshire might need to consider. The recent legislation affected the Dealer Bill of Rights, business profits tax, business enterprise tax, tobacco tax and tax administration issues. The major changes have been summarized in […]

MSADA Provides Economic, Industry Updates at 2013 Annual Meeting

ARB’s Automotive Group recently attended the MSADA (Massachusetts State Automobile Dealers Association) Annual Meeting in Boston. Nearly 120 automotive dealer professionals and industry service providers participated in presentations and discussions regarding the current state of the dealer industry in Massachusetts and nationwide. The hot topics from the annual meeting included: 1)     Legal Updates: MSADA provided […]

ARB Auto Dealer Group to Attend MSADA and MADA Annual Meetings

Albin, Randall & Bennett’s Automotive Group will be attending the 2013 MSADA (Massachusetts State Automobile Dealers Association) Annual Meeting in Boston on June 21. We’ll also be attending the Maine Automobile Dealers Association Annual Meeting in Bar Harbor. We look forward to seeing many clients and contacts from the automotive industry at these upcoming events. […]

NADA Wrap-Up

It was great seeing so many dealers from New England in Orlando, even if some didn’t quite make it to the convention halls. We had an excellent convention and look forward to New Orleans next year. We kicked this year’s convention off by attending the JD Powers Roundtable. If you’ve never attended this event, I […]