Nonprofits and organizations dedicated to helping their communities have always been important to Borland Benefield. The firm caters to these benevolent entities as a specialty, even creating the Nonprofit Audit Group to serve this sector. One such nonprofit is the Mason Music Foundation, a 501(c)3 created by Borland Benefield’s client, Mason Music. Mason Music is…
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Do you own a family-run business? Are you prepared to pass it down to your children or family members? Check out our latest blog for helpful tips on creating a smooth transition plan.
Borland Benefield was founded in 1922 when William Howard Borland, Sr. answered Alabama’s need for quality accounting services. At the time, Mr. Borland was the 54th accountant to be certified in the state. For more than one hundred years, that initial dream has seen Borland Benefield grow into one of the most respected accounting firms…
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Becoming an accountant isn’t easy, but it does open up a career path filled with opportunity and security. Read about our very own Leigh Anna Hall’s experiences with entering the accounting world – maybe it will inspire you to start your journey.
If you’re ready to retire from your self-employed small business, you might be reading up on retirement plans. The question is: what kind of plan is best for you? Whether it’s a Solo 401(k) or a Defined Benefit Pension Plan, our article can help you learn the basics.
Accounting and delicious food are not two words that often go hand in hand, but every October, the irresistible aroma of Greek food and the toe-tapping tempos of traditional Greek music overtake the grounds of the Holy Trinity + Holy Cross Greek Orthodox Cathedral in downtown Birmingham. Where does Borland Benefield fit in? Their Nonprofit…
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The IRS is currently inundated with procedural and technical obstacles that have caused processing delays. Here are some items of note that have been reported by exempt organizations and their service providers. Announcement 2001-33 Replaced. Nonprofits should be aware that Announcement 2001-33 is no longer applicable, having been revoked by Announcement 2021-18 (2021-52 IRB 910)…
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Selling a business is a major undertaking. Reconciling your legal, financial, and tax goals requires specialized expertise and finesse. Learn about the ins and outs of this important process.
The year 1922 was notable for a number of events in the world, including the formation of the USSR, the first successful insulin treatment, and the first Wimbledon Championship. At the time, Warren G. Harding occupied the Oval Office as the 29th president, the Lincoln Memorial was dedicated and opened to the public, and an…
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Section 529 plans can be a wonderful tool when it comes to helping save money for a child’s future education. While 529’s are designed to help reduce taxes when saving for college, there can still be tax implications. Learn about it here.