Community outreach is a core value of Borland Benefield. Learn how our colleague, Terri Lynn Wallace helps make Birmingham a better place by volunteering with the Junior League of Birmingham.
Blogs by Clif Daniel
The Tax Implications of Taking 529 College Savings Plan Withdrawals
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.
A New Financial Frontier: Cryptocurrency and Taxes
A lot of changes are coming to the cryptocurrency market as the phenomenon matures. Many people may not be aware that they are responsible for paying taxes on cryptocurrency investments. Read on to learn more about cryptocurrency space.
Nonprofit Auditing: To Us, It’s a Full-Time Job
While it’s no secret that many accounting firms are stretched to the limit during tax season, what is less known is that many of those same firms fall back on nonprofit accounting and auditing during their slow time. That’s a fact that always bothered Borland...
The Basics of the Advance Child Tax Credit
The world has been through a lot over this past year and a half, thanks to the COVID-19 pandemic. The government moved to help the economy with PPP loans for businesses and the American Rescue Plan COVID relief bill. Even with that support and stimulus payments,...
Borland Benefield and the BBB: It Starts With Trust.
Most people know the BBB as a complaint box for bad business experiences, but they offer a wide range of services for the community. From consumer best practices guidelines to warnings against scams and identity theft, the BBB offers a full suite of resources designed to protect the consumer when making any kind of purchase.
Fraudulent Unemployment Claims are the Latest Scam. Here’s What To Do if it Happens to You.
The more we have moved our lives online, the more identity theft has become a problem. In 2019, the Federal Trade Commission (FTC) reported that there were 3.3 million instances of reported identity theft and fraud in the US. You may think that number is shocking, but...
Always Faithful: The Marine Filing Your Taxes. A Spotlight on Borland Benefield’s David Casas
It's very likely that what you wanted to be when you were a kid, and what you ended up being are pretty different. You might have wanted to be an astronaut, a race car driver, a famous musician or a sports icon. Maybe you had absolutely no idea what you wanted to be....
Save Our Stages! What You Need to Know About the Shuttered Venue Operator Grant
The COVID-19 pandemic has been tough on every single facet of American business, especially those that rely on large gatherings. Museums, music venues, concert halls, and movie theaters have all been hit especially hard during the shutdowns. Many of us plan our...
Promotion Announcement of Clif Daniel and Bob Poole
We are beyond pleased to announce the promotions of Clif Daniel to Shareholder and Bob Poole to Supervisor at Borland Benefield, P.C. Mr. Daniel graduated from Birmingham Southern and has over 14 years of experience in audit, tax, and accounting services Mr. Poole is...