Thursday, August 28th, 2014
The M&J team spent the morning of August 20th volunteering at the Food Bank of Manatee helping sort, weigh and package dry and canned foods, getting the items ready for delivery to local non-profit agencies such as food pantries, soup kitchens and churches. The team also donated $75 and a combined 54 pounds of food and baby items.
Everyone got a little sweaty and some of us escaped to the walk-in freezer a few times to cool off, but our volunteers enjoyed the opportunity to help others. Hard work was rewarded in the form of a Council’s burger…compliments of PIC Jerry Marlar.
For information on how you can donate or volunteer to the Food Bank of Manatee, visit their website.
We look forward to again volunteering at the Food Bank of Manatee!
Wednesday, August 20th, 2014
Summer is the season for conventions! Mauldin & Jenkins recently exhibited and sponsored the Leading Age Florida Convention held in Orlando from July 27th to July 30th. Representing M&J was Brian Carter, Linda Corty and Holly Littlefield.
Mauldin & Jenkins also exhibited and sponsored the Florida League of Cities Convention held in Hollywood, FL from August 14th to August 15th. Representing M&J was Daniel Anderson and Holly Littlefield.
Friday, August 15th, 2014
Mauldin & Jenkins: Birmingham helped raised funds and collected school supplies for the Hands On Birmingham Back-To-School Backpack Drive. The backpacks and supplies were donated to the YMCA, Salvation Army, Jessie’s Place and various other programs to send to schools and children in need.
Through the generosity of companies and individuals, Hands On Birmingham exceeded its goal by collecting over 1600 backpacks and still counting!
We want to thank all that participated and donated to this worthy cause. Way to go team!
Wednesday, August 13th, 2014
Tommye recently attended The Mississippi Society of CPA’s Annual Meeting held in Destin, FL. 200 attendees listened as she spoke on the topic of “Prominent Issues Facing the Profession.” Often, Tommye reunites with a familiar face. This trip she ran into Dale Flesher, a Professor at University of Mississippi and AAA Audit Committee Member, along with his colleagues.
The Pennsylvania Institute of CPA’s met at the most magical place on Earth. Disney World! The meeting was held on June 23rd. The dinner and reception were held at Disney’s Animal Kingdom. Chip and Dale even showed up!
From Orlando to Mexico City, Tommye participated in The North American Summit, discussions about accounting across borders.
Tommye then joined Donny Luker, Managing Partner, at the California Major Firms Group Meeting held at the Ritz Carlton, Laguna Niguel in Dana Point California. Check out that view!
After California, Tommye crossed the country to attend an AICPA Board Meeting in New York, where 900 members were assigned to committees.
Next, she traveled to Denver for a Peer Review Conference. She crossed the Country one more time to attend the NASBA Summit held in New York.
Then it was back to Sarasota! It was good to see her smiling face in the office for a few days.
Tommye, thank you for sharing your travel stories and for your ongoing representation of M&J!
Wednesday, August 6th, 2014
The Macon office enjoyed a sunny Spring Fling on Friday, July 25 at the lake home of Terry and Van Henderson on Lake Oconee. Fun on the lake and some yummy food made a for a terrific day for M&J employees and their families. Check out some of the fun captured at the day’s event:
Friday, July 25th, 2014
Last week M&J had the opportunity to celebrate the retirement of a very special employee, who has given many dedicated years to the firm. Peggy Rowan, former Office Manager, was celebrated at a luncheon hosted at Rays on the River. Several partners and peers gave wonderful anecdotes and even a song describing Peggy’s character and the impact she had on the firm.
In closing, we thank you Peggy, for your commitment in your work and the many lives you have touched. You will be dearly missed.
(Pictured: Peggy and her husband Chuck)
Thursday, July 24th, 2014
Are you confident you are doing everything you can to minimize your income taxes? If not, it may be time for a fresh look. Your tax picture — and the tax law — may change from year to year. A year-end review can suggest new tax-saving opportunities and show you new ways to take advantage of various planning strategies. Year-End Tax Planning for 2014 provides tips for lowering your 2014 personal and business income taxes. As you read through the guide, you’ll also find explanations of key aspects of the current federal tax law and how those rules may apply to your situation. Most of the strategies discussed inYear-End Tax Planning for 2014 will be effective only if they are implemented before the end of the year. So we urge you to begin planning soon. Of course, your personal and business financial situations are unique. The strategies discussed in the below guide may or may not be appropriate for you. Be sure to secure professional tax advice by contacting our office before attempting to implement any of the ideas presented.
Monday, July 21st, 2014
The Bradenton office participated in the FICPA Educational Foundation’s “Jeans for Scholarships” program. Each employee donated $5 to wear Jeans on Friday July 18th and a total of $135 was raised.
Bradenton plans to sport their favorite pair of jeans a few times a year to show continued support of this program and the future of the accounting profession.
Friday, July 11th, 2014
Mauldin & Jenkins was a proud exhibitor & sponsor at the Florida Health Care Association Convention held this week in Orlando. A big thank you to everyone who stopped by our booth to say hello!
Thursday, July 10th, 2014
The Tax Code contains many taxpayer rights and protections. However, because the Tax Code is so large and complex, many taxpayers, who do not have the advice of a tax professional, are unaware of their rights. To clarify these protections, the IRS recently announced a Taxpayer Bill of Rights, describing 10 rights taxpayers have when dealing with the agency.
The idea for a Taxpayer Bill of Rights has been percolating for several years. One of the leading proponents has been National Taxpayer Advocate Nina Olson. In January 2014, Olson told Congress that a Taxpayer Bill of Rights was long overdue. Even though the rights already existed, many taxpayers did not know about them. More taxpayer education was needed, Olson emphasized. Olson proposed that either Congress pass legislation or the IRS take administrative action to set out a Taxpayer Bill of Rights.
Olson proposed that a Taxpayer Bill of Rights be based on the U.S. Bill of Rights. Olson also recommended that the IRS describe taxpayer rights in non-technical language. Olson’s proposal won support from IRS Commissioner John Koskinen earlier this year.
Taxpayer Bill of Rights
In June, IRS Commissioner John Koskinen and Olson together unveiled a 10-point Taxpayer Bill of Rights.
The provisions in the Taxpayer Bill of Rights are:
- The Right to Be Informed
- The Right to Quality Service
- The Right to Pay No More than the Correct Amount of Tax
- The Right to Challenge the IRS’s Position and Be Heard
- The Right to Appeal an IRS Decision in an Independent Forum
- The Right to Finality
- The Right to Privacy
- The Right to Confidentiality
- The Right to Retain Representation
- The Right to a Fair and Just Tax System
“The Taxpayer Bill of Rights contains fundamental information to help taxpayers,” Koskinen said. “These are core concepts about which taxpayers should be aware. Respecting taxpayer rights continues to be a top priority for IRS employees, and the new Taxpayer Bill of Rights summarizes these important protections in a clearer, more understandable format than ever before.”
As the IRS Commissioner noted, the Taxpayer Bill of Rights does not create new rights. Rather, the Taxpayer Bill of Rights is intended to serve an educational purpose to help taxpayers understand better their existing rights.
IRS Publication 1
The Taxpayer Bill of Rights is highlighted prominently in IRS Publication 1, Your Rights as a Taxpayer. The IRS reported that updated Publication 1 will be sent to taxpayers when they receive notices on issues ranging from audits to collections. Updated Publication 1 initially will be available in English and Spanish, and later in Chinese, Korean, Russian and Vietnamese.
Additionally, the IRS created a special page on its website to highlight the Taxpayer Bill of Rights. The Taxpayer Bill of Rights will be displayed in all IRS offices.
If you have any questions about the IRS Taxpayer Bill of Rights, please contact our office.
If and only to the extent that this publication contains contributions from tax professionals who are subject to the rules of professional conduct set forth in Circular 230, as promulgated by the United States Department of the Treasury, the publisher, on behalf of those contributors, hereby states that any U.S. federal tax advice that is contained in such contributions was not intended or written to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service, and it cannot be used by any taxpayer for such purpose.