Blog

Welcome to our Blog Page

The McDonnell Richardson CPA, P.C. Blog Page provides frequently updated useful news and information to help keep you informed on tax strategy, business, and estate planning.  Please do not hesitate to contact us for any questions and additional information you may have regarding these topics.

3 days ago

KJ Law & CPA

Top states for middle-income taxpayers
Alaska tops a ranking of states that offer the most tax-friendly treatment of the middle class. The GOBankingRates study considers total sales tax, income tax and property tax.
CNBC (2/13)
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3 days ago

KJ Law & CPA

Proposed bonus depreciation regs provide answers, create questions
Among changes to bonus depreciation rules is an increase in the deduction percentage to 100% and the addition of used property as qualifying for the deduction.
The Tax Adviser (2/2019)
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3 days ago

KJ Law & CPA

FASB addresses deferred revenue in business combinations
With a proposed standard and an invitation for comment, the Financial Accounting Standards Board has taken a step forward in resolving challenges in rules for recognizing and measuring deferred revenue in business combinations.
Journal of Accountancy online (2/14)
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1 week ago

KJ Law & CPA

Eurozone growth forecast cut as global, local outlook weakens
The European Commission has slashed its growth outlook for the eurozone this year, citing global trade tensions and challenges across the bloc. The commission expects the eurozone economy to grow by 1.3% in 2019, down from a 1.9% projection in November, before picking up next year to grow by 1.6%.
Reuters (2/7), Bloomberg (tiered subscription model) (2/7), The Wall Street Journal (tiered subscription model) (2/7)
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1 week ago

KJ Law & CPA

Rethink who your most important employees are
"Keystone employees" are people who fulfill the needs of others, nurture relationships and sustain the entire company. These people do not always hold executive titles or make the most money.
Strategy+Business online (free registration) (1/30)
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1 week ago

KJ Law & CPA

How to use breaks effectively during a busy day
Taking short breaks when you have a busy day filled with multiple tasks can help you stay productive. These breaks are an opportunity to refocus and determine where to direct your energy next.
Fast Company online (2/7)
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2 weeks ago

KJ Law & CPA

Trade group: US retail sales to top $3.8T this year
Retail sales in the US are projected to increase as much as 4.4% and top $3.8 trillion this year, the National Retail Federation said. Rising wages, low unemployment and increased consumer confidence should buoy sales, but possible higher tariffs on Chinese goods could negatively affect US retailers, the NRF said.
Reuters (2/5)
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2 weeks ago

KJ Law & CPA

Small-cap stocks up as leverage concerns wane
Small-cap stocks have more than made up ground lost in late 2018, when investors worried about debt. The Russell 2000 and S&P 600 indexes have outperformed the S&P 500 this year, indicating investors have set aside leverage concerns.
Reuters (2/5)
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2 weeks ago

KJ Law & CPA

Public pensions invest more in riskier assets than private plans
Public pension plans put 72% of their assets in equities and alternative investments from 2009 to 2015, compared with 62% of private plan assets, according to a report from the Center for Retirement Research at Boston College. Jean-Pierre Aubry, co-author of the report, said the difference can't be explained but could be due to public plans' higher assumed rate of return.
Pensions & Investments (free access for SmartBrief readers) (1/30)
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2 weeks ago

KJ Law & CPA

Older Americans burdened by student loans
Americans age 60 or older owe $86 billion in student loans, representing a 161% increase from 2010 to 2017, according to data from TransUnion. Much of the burden comes from loans taken to pay for children's college tuition, but some of the debt is attributed to older Americans' obtainment of re-education after the financial crisis.
ConsumerAffairs (2/4), The Wall Street Journal (tiered subscription model) (2/2)
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