Mahoney - CPAs and Advisors

06/02/2026

April 15 may be behind us - but tax deadlines don't stop there.

There are key dates throughout the year that could impact your finances, filings, and planning strategy. Missing them can be costly.

📅 Stay ahead and avoid surprises - check out our latest blog for a quick overview of what to watch for.

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April 15 is over, but key tax deadlines remain. Review upcoming dates for estimated taxes, extensions, retirement contribution gifts, and more.

05/28/2026

People who leave their jobs are typically advised to roll over their employer-sponsored qualified retirement plan account balanced into an IRA. But if an account includes appreciated stock of the individual's former company, placing those shares in a taxable brokerage account could yield a better tax result. We explain why.

Conventional wisdom dictates that, when leaving a job, you should generally roll over the balance of your employer-sponsored qualified retirement plan

05/28/2026

Earlier this week, Anthony Philblad-Lange, and Chandler Apling toured Sabathani Community Center - a valued client of ours - to get a closer look at the geothermal energy project now underway. This forward-thinking system will tap into the earth's natural temperature to generate clean, reliable energy - supporting the center's mission while reducing its environmental footprint.

As construction progresses, the project represents more than just an energy upgrade, it's an investment in the future of the community, demonstrating how sustainable solutions can enhance vital community spaces for years to come.

05/26/2026

Planning a home improvement project? Don't leave money on the table.

The updated Energy Efficient Home Improvement Tax Credit offers bigger savings but also comes with new rules and limitations.

✅ Up to $3,200 per year
✅ Multiple qualifying upgrades
⚠️ Complex requirements

Before you invest, get informed.

👉 Read our full breakdown:

Learn how the revamped Energy Efficient Home Improvement Tax Credit can save homeowners up to $3,200 on eligible energy-efficient upgrades.

05/21/2026

Your organization's mission statement should be prominently displayed on your website, in brochures and in other materials. This article looks at reasons why some mission statements fail, and others succeed. It provides tips on highlighting your not-for-profits' shared culture and goals.

Many organizations spend a lot of time and money creating mission statements to highlight their work and align employees around a common vision. But t

05/15/2026

Are you leaving tax savings on the table? 🏢💰
If your business owns commercial real estate, a cost segregation study could unlock faster depreciation, lower taxes, and improved cash flow - especially with recent changes under the OBBBA restoring enhanced first-year write-offs.

Learn how strategic timing and asset classification can work in your favor.

Cost segregation studies can unlock significant tax savings by acceleration depreciation on commercial real estate and boosting business cash flow.

05/12/2026

For most people these days, income taxes present a bigger risk to estate plans than estate taxes. That's why, when planning for the transfer of appreciated assets such as securities, the "step-up" in basis is critical to understand. This article lays out the rules in an estate planning contest and illustrates them with various examples.

Because of recent tax law changes, income taxes not estate taxes are now a more significant focus in estate planning. And one key planning area is t

05/05/2026

Are your LLP or LLC losses being eliminated by the passive activity loss rules?
Understanding material participation could make the difference between deducting losses now or carrying them forward.

Learn how the IRS tests material participation - and how proper documentation can protect your deductions.

👉 Read the full blog:

The passive activity loss rules can affect how LLC and LLP owners deduct business losses. Learn how material participation impacts current-year tax deductions.

04/28/2026

Nonprofits and their external auditor are like dance partners. Dancers must complete specific moves and coordinate timing. Likewise, your nonprofit and its audit firm have particular duties during the audit process and share the same goal: financial statements that fairly present your financial condition.

Think of your nonprofit and its external auditor as dance partners performing a well-choreographed routine. To execute the dance properly, dancers mus

04/23/2026

Theft from inside your organization can take a serious toll. In fact, the median annual loss of nonprofits victimized by occupational fraud is $76,000, according to one report. This article provides information about employee theft and offers strategies to help fight financial losses such as implementing strong internal controls.

Internal fraud is estimated to drain approximately $3.1 billion annually from global businesses, and not-for-profit organizations aren't exempt. The m