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Thursday, July 24th, 2014

2014 Year End Tax Planning Guide is here!

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.

YE Tax guide 2014

 


Monday, July 21st, 2014

Jeans for Scholarships

The Bradenton office participated in the FICPA Educational Foundation’s “Jeans for Scholarshipsprogram.  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.

jeans picture


Friday, July 11th, 2014

FHCA Convention

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!

FHCA Booth Picture

Brian Carter & Holly Littlefield represent M&J


Thursday, July 10th, 2014

IRS unveils taxpayer bill of rights

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.

Taxpayer education

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:

  1. The Right to Be Informed
  2. The Right to Quality Service
  3. The Right to Pay No More than the Correct Amount of Tax
  4. The Right to Challenge the IRS’s Position and Be Heard
  5. The Right to Appeal an IRS Decision in an Independent Forum
  6. The Right to Finality
  7. The Right to Privacy
  8. The Right to Confidentiality
  9. The Right to Retain Representation
  10. 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.

IR-2014-72


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.


Tuesday, July 1st, 2014

They’re Movin’ On Up!

Looks like someone got a bigger piece of PIIIIIIIIIEEE!!

A huge congratulations is in order to several M&J employees who have been promoted!  Your hard work has paid off and is appreciated!

Promotions By Office:

Bradenton:
Daniel Anderson to Supervisor
Atlanta:
Mike Kimmell to Director
Ross Cannon to Director
MJ Alexander to Director
Brooke Graham to Atlanta Office Manager
Macon:
Stephanie Thornton to Manager
Steve Carter to Manager
Scott Ezzell to Senior
Jarrett Clubb to Senior
Mark Fletcher to Senior
Chattanooga:
Beth Granstaff to Senior
Hal Bouldin to Supervisor
Jameson Miller to Manager

Monday, June 30th, 2014

MUST Ministries Summer Lunch Program

And now a special note from the Atlanta Office Community Service Program Coordinator:

“On Thursday June 26, the Atlanta office participated in MUST Ministries’ Summer Lunch Program by making, packing, and delivering 525 lunches for children in need. During the school year, many children receive free or reduced-fare lunches at school – but during the summer months, it’s up to the community to make sure these kids don’t go hungry. In order to meet the needs of the community, MUST Ministries needs 8,000 lunches per day. They rely on businesses, churches, and other groups to put aside some time and money, and make sure our children are taken care of. The Atlanta Office of Mauldin & Jenkins was proud to be a part of this amazing program. And we also managed to have more than a little fun while doing it!

I was truly overwhelmed with the support and enthusiasm of my coworkers. I saw true leadership and teamwork and LOTS of caring during this project. Each meal was definitely made with love!

In fact we were so efficient, we finished all 525 lunches (ham sandwiches, chips, fruit snacks, and juice boxes) in a little over an hour!

I truly appreciate everyone’s help, donations, and words of encouragement,

Jessica Reuter


Monday, June 30th, 2014

Introducing our Newest CPA

Congratulations to Lisa Howell of the Atlanta office for passing the CPA exam! No more studying…And just in time for Summer!  Stop by and tell her congrats on a job well done.

Lisa Howell headshot


Thursday, June 26th, 2014

Greater Shelby Chamber Luncheon – Small Business Awards

Mauldin & Jenkins attended the Shelby County Chamber of Commerce 2nd Annual Small Business of the Year Awards Luncheon on June 25 at the Pelham Civic Complex & Ice Arena.

The luncheon, was sponsored by Regions Bank, and featured comments from Nick Pihakis from Jim ‘N Nick’s BAR-B-Q, who shared a local business success story.

Ashley Weigant (left), Karen Motes (center), and Meredith Smith (right) from the Birmingham office did a great job of representing M&J at the luncheon!

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Tuesday, June 24th, 2014

Where in the World is…Tommye Barie?

Our jet-setting Tommye Barie has been all over the U.S recently as part of her active role as the Vice Chair of the AICPA.

Tommye took a quick break at the end of May to visit with her family in Kentucky.  From there, the work travel began.  She flew into Orlando to join her colleagues at the annual FGFOA Convention.   Shortly after, she was off to fulfill her speaking duties with the AICPA.

She hopped a plane to Vegas for the AICPA Practitioners Symposium and Tech+ Conference held at the Aria Resort and Casino from June 8th to the 11th.  Tommye facilitated a “Small Firm Town Hall” with AICPA President & CEO, Barry Melancon.  The open forum allowed practitioners across the country to talk about the various challenges and opportunities they encounter where the AICPA may be able to assist.  Susan Boucher and Chris Silano represented M&J from the IT department.

group pic

Susan Boucher, Tommye Barie & Chris Silano

From Las Vegas to the Great Plains, Tommye addressed the Oklahoma Society of CPA’s on Friday June 13th at their Annual Members Meeting held in Norman, Oklahoma.  She held a captive audience with her presentation on “The Landscape of the profession.”

The Ohio Society of CPA’s Leadership Summit was next on her travel agenda.  Held in Columbus, Ohio on June 16th and 17th, close to 200 members listened as Tommye spoke on the global landscape of the accounting profession, practice monitoring for the future, the future of learning, student initiatives and diversity in the profession.

Tommye speaking

Tommye speaking to the Ohio Society of CPA’s

Tommye Speaking

Kicking off the presentation to the Ohio Society of CPA’s

Up next, she will speak to The Nevada Society of CPA’s, The Pennsylvania Institute of CPA’s, Mississippi Society of CPA’s, and Texas Society of CPA’s. As you may have guessed, Tommye’s earned A LOT of sky miles!

Tommye, way to represent M&J everywhere you go!


Thursday, June 12th, 2014

MUST Ministries Underwear Drive

This past tax season, the Atlanta office held a pretty unusual clothing drive for MUST Ministries – an underwear drive! Knowing that new, unopened socks and underwear are always in short supply for those less fortunate, Atlanta employees answered the call with generous donations.  It was a great success, and MUST Ministries really appreciated our efforts – so thanks to everyone who participated!

 

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