MahoneySabol, CPAs and Advisors

06/02/2026

Simple errors like incorrect information, missed credits, or math mistakes can delay your return or impact your refund. Taking a few extra minutes to review your information before filing can help you avoid common pitfalls.
See IRS guidance on avoiding errors: https://ow.ly/Q9ZG50Z2cwz

06/01/2026

AI is changing the way accounting firms operate — and MahoneySabol is ahead of the curve. Our own Michael Sabol, co-founder and partner of MahoneySabol, is featured in today's Hartford Business Journal, sharing how our firm is embracing AI to deliver greater value for clients. A great read for anyone in professional services navigating the evolving AI landscape:

Connecticut law and accounting firms are experimenting with new billing models as artificial intelligence reshapes their core business, with some moving to value-based rates to compensate for the hours AI tools are cutting from client work.

05/28/2026

Growth opportunities can be exciting, but successful expansion requires more than ambition. Before entering a new market, adding a new service line, or scaling operations, leadership teams should take a step back and evaluate whether the business is truly prepared for growth.
Ask these key questions before expanding:
❓Do we have the operational capacity to support growth effectively?
❓Will this expansion improve long-term profitability or simply increase overhead?
❓Do we have the right people, systems, and cash flow in place to scale successfully?
The most sustainable growth strategies are built on careful planning, strong financial visibility, and realistic ex*****on. Expansion works best when leadership teams balance opportunity with preparation.

05/27/2026

Your career shouldn’t just keep up, it should move you ahead.
At MahoneySabol, we’re building a team of curious, driven professionals who want more than just a role, they want to grow, lead, and make an impact. In a fast-paced world, we’re the accounting and consulting partner that helps our clients and our people keep up or move out ahead.
Ready to take the next step? Explore opportunities: https://ow.ly/ji9s50Z2ciR

05/26/2026

Quarterly tax deadlines can arrive faster than expected, which is why staying organized throughout the year is essential. Keeping track of receipts, invoices, and expenses as they happen can help your business avoid missed deductions, reporting errors, and unnecessary stress at filing time.
A well-organized recordkeeping system not only saves time during tax season, but also helps ensure accuracy and reduces the risk of costly penalties or delays. Small oversights often start with missing documentation.
Learn more from the IRS National Taxpayer Advocate’s latest report: https://ow.ly/Juz650Z2cbs

05/25/2026

This Memorial Day, we honor and remember the brave men and women who made the ultimate sacrifice in service to our country. Their courage and dedication will never be forgotten.

05/21/2026

Revenue only tells part of the story. The strongest leadership teams monitor the metrics that reveal how efficiently and sustainably the business is operating.
Here are five KPIs every executive team should keep a close eye on:
✅ Cash flow trends → Are you maintaining healthy liquidity?
✅ Gross margin → Is growth actually profitable?
✅ Customer acquisition cost → How much are you spending to win new business?
✅ Employee utilization → Are resources being used effectively?
✅ Client retention → Are customers continuing to see value in your services?
Tracking the right KPIs helps leaders make smarter, faster decisions — especially in changing economic conditions. The businesses that consistently grow are often the ones that look beyond top-line revenue and focus on the metrics driving long-term performance.

05/20/2026

A quick conversation with a loved one can prevent a world of hurt. ❤️
We’re raising awareness about financial scams. They are more sophisticated and more convincing than ever. From impersonation schemes to subtle financial manipulation, everyone, including the seniors in our lives, should be on alert.
Staying proactive isn’t optional—it’s essential. The right guidance and safeguards can help protect what matters most.

05/11/2026

We’re proud to share that our co-founder and partner, Michael Sabol, has been recognized by Forbes as a Best-in-State CPA. This distinguished honor reflects Mike’s leadership, expertise, and longstanding commitment to delivering exceptional service to our clients and community.

At MahoneySabol, this recognition is also a testament to the hard work, dedication, and collaborative spirit of our entire team, who strive every day to provide trusted guidance and meaningful results. Congratulations, Mike, on this well-deserved achievement!

05/08/2026

Small businesses are the backbone of our communities and having the right tools and resources can make all the difference. In recognition of National Small Business Week, the IRS is highlighting helpful guidance, tax resources, and tools designed to support business owners and entrepreneurs at every stage of growth.

We’re proud to support businesses year-round by helping our clients navigate financial decisions with confidence. Explore the IRS resources here: https://ow.ly/pRay50YWB3F

Tax Tip 2026-38, May 7, 2026 — Being a small business owner or entrepreneur can be a heavy lift sometimes. Fortunately, there’re several tools and resources that can help them manage their tax responsibilities efficiently.