Archive for the ‘Manufacturing’ Category

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, […]

Holly D. Ferguson, CPA Elected to Manufacturers Association of Maine (MAME) Board of Directors

Albin, Randall & Bennett (ARB) is pleased to announce that Holly D. Ferguson, CPA, has been elected to serve as a member of the Manufacturers Association of Maine (MAME) Board of Directors. She is a Principal with ARB and specializes in serving manufacturing clients from small metal fabricators and food processors to large industrial companies. […]

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 […]

Going Green has a Whole New Meaning: Overview of Environmental Tax Credits for Manufacturers

In an effort to promote energy efficiency in the United States, several “green” environmental tax credits and benefits have been extended through the American Taxpayer Relief Act of 2012. You may be surprised to discover the credits available to manufacturers. Alternative vehicle refueling property If your company has refueling pumps, it might be time to […]