Maximize your 401(k) plan to save for retirement

Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer ...
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Nonprofit boards must remain vigilant as long as the crisis continues

It’s been a tough year for not-for-profits. Many have experienced an increased demand for services just as revenues ...
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Mauldin & Jenkins Tax Accounting Firm

Steer clear of the wash sale rule if you’re selling stock by year end

Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020? ...
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Mauldin & Jenkins Tax Accounting Firm

IRS releases final instructions for payroll tax form related to COVID-19 relief

In response to the COVID-19 pandemic, the federal government enacted legislation that includes deferral of the employer’s portion of Social ...
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Mauldin & Jenkins Tax Accounting Firm

Principles to guide your nonprofit’s relationship with donors

In 1993, a consortium of philanthropic organizations came up with the Donor Bill of Rights to guide not-for-profits ...
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Mauldin & Jenkins Tax Accounting Firm

Employees: Don’t forget about your FSA funds

Many employees take advantage of the opportunity to save taxes by placing funds in their employer’s health or ...
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Mauldin & Jenkins Tax Accounting Firm

2021 COLAs for popular fringe benefits

The IRS recently released 2021 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including those related ...
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Mauldin & Jenkins Tax Accounting Firm

Using footnotes to disclose your nonprofit’s financial information

Does anyone actually read footnotes? If they’re financial statement footnotes, the answer is usually “yes.” Footnotes can provide ...
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Employers, don’t overlook invisible disabilities

When encountering the phrase “employee with a disability,” you might immediately envision a person with an obvious physical ...
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Agencies issue final regs addressing a COVID-19 vaccine and more

The IRS, U.S. Department of Labor and Department of Health and Human Services recently issued interim final regulations ...
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Smart nonprofit leaders know how to delegate

Delegation ideally gives not-for-profit executives time to focus on mission critical tasks and provides growth opportunities to staffers. ...
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How Series EE savings bonds are taxed

Many people have Series EE savings bonds that were purchased many years ago. Perhaps they were given to ...
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