Tuesday, May 19th, 2015
M&J was excited to attend and exhibit at the GA Credit Union Affiliates annual convention in Savannah, GA again this year! Thanks so much for stopping by the booth and visiting with us. This years door prize winner is Gay Bramlett with Ethicon Credit Union, Congratulations!
Friday, May 15th, 2015
MJ Alexander, Aleisa Howell and Mette Herrin enjoyed a delicious breakfast to support The Edge Connection at the KSU Continuing Education Center this past Thursday, May 14. The Edge Connection helps prevent and alleviate poverty in Metro Atlanta. For more information about The Edge Connection and how you can get involved visit their website.
Monday, May 11th, 2015
This year’s Community Bankers Association of Georgia Golf Tournament was hosted Wednesday, May 6 at the Doublegate Country Club in Albany. M&J sponsored a foursome at the tournament and managed to pull out a win! Way to go! Our champions are pictured below.
Pictured from Left to Right: Bradley Abell, Ed Wetherbee, Chase Harvard (AB&T), Bucky Leach (HeritageBank of the South)
Monday, May 4th, 2015
You can vote up to 5 times per day and the contest ends May 9th.
Also, be sure to support PACE by adopting a duck (details can be found on the welcome tab at the link below) & stop by the Lucky Duck Race Saturday May 16th at Tarpon Pointe where the winners will be announced.
We appreciate your votes!
How to Vote:
- “View” the slideshow/gallery of all the ducks, then go to the “vote” tab and vote for “MJ Rockefeller” and your favorite ducks
- Each person can vote for up to 5 ducks per day.
- You will not need to register to VOTE, but you will need to register to COMMENT.
- To share on social media: Using the “view” tab at the top, find “MJ Rockefeller Duck”. Click the social media icon at the top right to share on facebook, twitter, or even via email, following the instructions provided.
Friday, May 1st, 2015
It is never too early to begin planning for the 2016 filing season, the IRS has advised in seven new planning tips published on its website. Although the current filing season has just ended, there are steps that taxpayers can take now to avoid a tax bill when April 2016 rolls around. For example, the IRS stated that taxpayers can adjust their withholding, take stock of any changes in income or family circumstances, maintain accurate tax records, and more, in order to reduce the probability of a surprise tax bill when the next filing season arrives.
IRS Recommended Action Steps
Specifically, the IRS advised the taxpayers take the following steps now to jump start a successful 2016 filing season for their 2015 tax year returns:
- Consider filing a new Form W-4, Employee’s Withholding Allowance Certificate, with an employer if certain life circumstances have changed (such as a change in marital status or the birth of a child). A new child could mean an additional exemption and/or tax credits that might lower your tax liability. Therefore you might benefit from claiming an extra withholding allowance. Conversely, getting married (or divorced) could change your income, making it advantageous to readjust your withholding accordingly.
- Report any changes or projected changes in income to the Health Insurance Marketplace (if taxpayer obtained insurance through a marketplace). Income affects the calculation of subsidy payments. Recipients of the advance premium tax credit may owe tax for 2015 if their subsidy payments are too high.
- Maintain accurate and organized tax records, such as home loan documents or financial aid documents. Many deductions must be substantiated with evidence, and staying organized now could facilitate the tax return filing process in the future.
- Find a tax return preparer. Looking for a qualified tax return preparer may be easier in the off-season, when you are under no immediate pressure to select a person. This can provide taxpayers with more time to evaluate a preparer’s credentials.
- Plan to increase itemized deductions. If a taxpayer plans to purchase a house, contribute to charity, or incur medical expenses that may not be reimbursed during 2015, it may be beneficial to consider whether itemizing deductions would be more beneficial than claiming the standard deduction for 2015.
- Stay informed of the latest tax law changes. Keeping on top of developments can reduce confusion in the long run.
Article was written by CCH.
Monday, April 27th, 2015
Sara Nelson was this year’s recipient of the UCF Accounting Scholarship provided by Mauldin & Jenkins. Holly Bryant presented the scholarship at the UCF Spring Awards Banquet held on April 24th. Supervisor Ashley Reese also attended the event. Sara, congratulations on your hard work and dedication to your accounting degree!
Wednesday, April 1st, 2015
And in this case, that hard work shows with promotions! Congratulations to our newest promotions. We are appreciative for the persistence and commitment you each demonstrate here at Mauldin & Jenkins. Thanks for being part of what makes M&J such a successful firm.
Tuesday, March 31st, 2015
There are three main types of IRS audits: correspondence audits, office audits, and field audits (listed in order of increasing invasiveness). Correspondence audits are initiated (and generally conducted) by postal mail. Office audits require a taxpayer and/or its representative to appear in an IRS office; and a field audit involves IRS examiners paying a visit to the taxpayer’s place of business.
Correspondence audits, as the name suggests, are conducted entirely through the U.S. mail. (The IRS never uses e-mail to correspond with taxpayers.) Correspondence examinations require less involvement from IRS examiners and are therefore used more frequently by the budget-strapped IRS. Because correspondence examinations make up such a large percentage of the total examinations the IRS conducts, they are considered the “work horse” of the IRS audit tools.
The IRS routinely uses correspondence examinations for issues that it generally deems more efficient and less burdensome to handle by mail, for example questionable claims for earned income tax credits (EITCs) or inconsistent line items.
Monday, March 30th, 2015
Mauldin & Jenkins attended this year’s Regents Scholarship Gala on March 28, 2015 at the College Football Hall of Fame. This black tie event celebrates Georgia’s Champions of Higher Education and support for the event provides scholarships to deserving students across Georgia. The evening included a silent and live auction, dinner reception, awards ceremony and even a special appearance from Gus, Georgia Southern University’s mascot, and Scrappy, Kennesaw State University’s mascot!
Monday, March 23rd, 2015
Melodie Rich, Tax Director in the Bradenton office, is a graduate of the Leadership Manatee 2014-2015 class. The six-month program is designed to expose current and future Manatee County leaders to the opportunities and challenges facing our community.
“For me, it brought awareness to our community’s needs. The class was a diverse group and I’ve bonded a few lasting friendships,” states Melodie.
Melodie joins fellow M&J’ers who have graduated from the program and have gone on to participate in the Leadership Manatee Alumni Association. Click here for a complete list of 2014-2015 graduates. Way to go Melodie!