If your organization is defrauded by an employee, you might terminate the individual, press criminal charges, pursue a civil lawsuit, or all three. This article looks at results from a recent Association of Certified Fraud Examiners survey about how defrauded organizations react. It also provided tips on mitigating fraud losses.
About us
Mahoney is a full-service CPA firm located in St Paul, MN. We provide a full range of professional services, including accounting (audit, review, compilation), tax planning and return preparation for all tax types, and general consulting to individuals, businesses and nonprofit organizations. We have specialties in real estate (low-income housing tax credit), affordable housing, nonprofits, and closely held small to mid-sized businesses. The CPA's in our General Business Services area are certified Quickbooks ProAdvisors and can assist with training and troubleshooting your data.
- Website
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http://mahoneycpa.com/
External link for Mahoney | CPAs and Advisors
- Industry
- Accounting
- Company size
- 51-200 employees
- Headquarters
- St. Paul, MN
- Type
- Privately Held
- Specialties
- audits, income taxes, real estate, nonprofits, manufacturing, distribution, accounting, and quickbooks
Locations
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Primary
10 River Park Plaza, Suite 800
St. Paul, MN 55107, US
Employees at Mahoney | CPAs and Advisors
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Kevin Wold, SHRM-SCP, SPHR
Human Resources Director | Business Partner • HR Technologies • Total Rewards
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Bonnie Russ
Retired Partner, Mahoney...formerly Mahoney Ulbrich Christiansen & Russ, P.A.,CPA,tax and accounting, small business, nonprofit orgs
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Larry Mahoney
Retired Tax Partner at Mahoney CPAs and Advisers
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Craig Mulcahy, CPA
Tax Partner at Mahoney | CPAs and Advisors
Updates
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At some point, your not-for-profit might consider outsourcing the functions that fall under its accounting and financial umbrella. But it's important to weigh the pros and cons before making this decision. Outsourcing may be more affordable than hiring a full-time employee. At the same time, an outsourced professional may not be available whenever you need to discuss an issue.
Should You Outsource Your Accounting Functions?
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Maintaining detailed time records for staff members may not be the most enjoyable task, but timekeeping is critical for most not-for-profits. However, there are ways to make the job less onerous. This article explains why timekeeping is important and how to track and allocate payroll and related expenses.
Good Timekeeping Is Always Worth Your While
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The Inflation Reduction Act allows not-for-profit organizations to reap tax rewards for going green - even if they have no tax liability for the year. This article explores potential credits and deductions that might be available for making clean-energy upgrades, including installing solar panels and buying electric vehicles.
Is Your Nonprofit Eligible for New Clean Energy Tax Breaks?
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Brett Portner-Kuhlow, CPA and Ruth Lott, CPA from our Business Solutions Team had an incredible evening at H20 For Life’s annual Water Ball fundraising event, held at the picturesque 7 Vines Vineyard in Dellwood, MN. H20 For Life significantly increases their impact on the global water crisis. They not only raise essential funds for water, sanitation, and hygiene projects in countries that desperately need these services, but they also educate, engage, and inspire youth in the United States and Canada. Incredible! Learn more about their amazing work here: https://lnkd.in/e3Cwgs8
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Beware: If you extended your 2023 federal income tax return, the due date for filing your individual return is October 15, 2024. But there could be a silver lining. Now that you have a clearer picture of your tax situation, you may be better positioned to take advantage of certain tax breaks. Here are 10 ideas worth considering.
Top 10 Tax Breaks to Consider on Extended Returns
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Have your QuickBooks® lists become lists of mass confusion? Creating two list entries for the same customer, vendor, or item sometimes happens accidentally. Clean up QuickBooks lists by deleting, inactivating, merging, or re-sorting the list entries. This article explains what you need to know.
It's Time for Spring Clean-up in QuickBooks!
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There's an old saying that two things are certain in life: death and taxes. Just like healthy eating and regular exercise can help you live longer, proactive tax planning can lower how much you pay in federal income taxes. So, it's important to make taxes a forethought, not an afterthought. Here's why proactive tax planning is important for your long-term financial wellbeing.
Smart Tax Planning Pays Off
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Do you struggle with valuing non-cash and in-kind donations, including the value of real estate? Even though the amount of donor can deduct generally is based on the donation's fair market value (FMV), there's no single formula for calculating FMV for every type of gift, as this article explains.
The Value of Donated Property Is in the Eye of the Marketplace
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And after two weeks of events, we regretfully announce that the Mahoney Summer Olympics have officially concluded. During the lunch time competitions, which included events like Paper Shot Put, Pencil Javelin, the 10-Yard Chair Dash, and Balloon Volleyball, several champions emerged with gold medals, while others displayed a valiant effort. Until next time!