Mahoney - CPAs and Advisors

07/16/2026

The IRS may initiate an audit of a nonprofit for any number of reasons. But one of the most common is something the IRS finds questionable in an annual Form 990 filing. This article looks at potential trouble areas and how nonprofits can reduce their audit risk. It also explains the difference between correspondence and field audits.

The IRS can initiate an audit of your nonprofit organization for any number of reasons. But one of the most common is a red flag sent up by your annua

07/15/2026

Last week, a group of Mahoney team members volunteered at Aeon's Sienna Green Property in Roseville, assisting with landscaping and yard cleanup efforts. The team's hard work helped refresh outdoor spaces and contribute to a beautiful environment for residents.

A big thank you to everyone who participated and to Aeon for partnering with us on this meaningful volunteer opportunity!

07/14/2026

Nonprofit board members are busy people who aren't always comfortable asking those in their networks for money. Fortunately, there are ways an organization can help its board members overcome their reservations. These include professional training and starting with personal appeals.

If your not-for-profit organization expects its board members to play a fundraising role, you probably already know how difficult it can be to motivat

07/09/2026

Considering selling investment or commercial real estate?

A Section 1031 exchange can be a powerful tax-deferral strategy - but many property owners make decisions based on misconceptions that could create costly surprises.

In our latest blog, we break down four common myths about like-kind exchanges and explain why understanding the rules before a transaction is critical.

If you're a real estate investor, developer, or business owner with commercial property, this is a must-read!

Learn how Section 1031 like-kind exchanges work, debunk common myths, and understand key rules to defer taxes and maximize real estate investments.

07/07/2026

Not all nonprofit board members understand the numbers they're regularly asked to review. This article provides ideas for making financial information clearer. Start by understanding the varying levels of expertise and getting members up to speed. Also use visual tools such as pie charts, bar graphs, and financial ratios.

Accurate, relevant and timely financial information is key to making good decisions for not-for-profit executives and board members. But do all of you

07/03/2026

06/30/2026

Huge shoutout to Caroline Russell, Josh Russell, Lance Brock, Deanna Somvong (not pictured), and TJ Sheldon for representing our team at the "𝑊𝑒 𝐿𝑜𝑣𝑒 𝑂𝑢𝑟 𝐶𝑖𝑡𝑦" event, proudly sponsored by Sherman Associates, Inc.

It was an incredible evening celebrating community impact and raising funds for four amazing nonprofits - including our valued client, Project for Pride in Living.

We're proud to support events that strengthen our communities and highlight the meaningful work being done every day. Way to go, team! 👏

06/25/2026

Please join us in celebrating Carolee Lindsey on her well-deserved retirement from Mahoney! Since joining us in 2019 as an Associate Director and later advancing to Director, Carolee has made a lasting impact through her leadership, dedication, and positive influence on those around her.

Carolee's contributions have helped shape our team and strengthen our organization, and she will truly be missed. While we say goodbye to her professional role, we are excited for her as she begins this well-earned chapter.

In retirement, Carolee looks forward to relaxing, spending time on the golf course, and travelling!

Please join us in thanking Carolee for her years of service and wishing her nothing but happiness and adventure in her retirement. Congratulations Carolee! You've earned it! 🎉 🎉

06/23/2026

Organizations that improperly classify workers as independent contractors instead of employees could be subject to back taxes, interest, and penalties. This article details the steps nonprofits must take to ensure employee classifications stand up to scrutiny. It explains the difference between employees and independent contractors and how to determine workers' status.

Organizations that improperly classify workers as independent contractors instead of employees could be subject to back taxes, interest and penalties.

06/18/2026

Protect yourself from fake IRS calls, text, emails, and even mailed notices. Scammers are using fear and urgency to steal your personal and financial information - and their tactics keep evolving.

🚩 Keep in mind:
• The IRS won't contact you first by text, email, or social media
• Urgent threats or payment demands = red flags
• Links, QR codes, or attachments can lead to fraud or malware

✅ Stay safe by going directly to IRS.gov, avoiding unsolicited messages, and verifying anything suspicious before taking action.

👉 Learn how to spot tax scams and protect your information: https://mahoneycpa.com/protect-yourself-from-fraudsters-impersonating-the-irs-and-other-tax-scams/

Protect yourself from IRS tax scams, including fake calls, emails, and notices. Learn how to spot fraud and keep your personal and financial information safe.