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.
ARE YOU A MIDCAREER PROFESSIONAL?
How midcareer professionals can make better decisions
Some midcareer professionals struggle with strategic work decisions, slowing their advancement. Consulting with a mentor is one way to address the issue.
Harvard Business Review online (tiered subscription model) (9/5) ...
MORE RETIREMENT STUFF?
Tips for increasing retirement savings
If your retirement savings are falling short, consider automating the process. This article offers additional savings tips and a breakdown of average savings by age group.
U.S. News & World Report (9/12) ...
CLOSE TO RETIREMENT?
Retirees should consider these tax issues
Taxes in retirement can be a complex issue. Here are four factors for retirees to consider, beginning with the need to take a proactive approach to tax planning.
Kiplinger online (9/11) ...
HOW DO YOU FEEL ABOUT COLLEGE?
College grads feel the burden of debt
Debt is a major concern for college graduates, with 40% saying they wish they had made different educational decisions and about half of borrowers worrying they will be in debt forever, according to Fidelity. Families can manage college costs by using tools such as financial aid and Sec. 529 savings accounts.
CNBC (9/11) ...
DO YOU USE THIS?
Is EBITDA still useful after lease accounting changes?
Lease accounting changes are taking a toll on the relevance of the measurement of corporate earnings known as EBITDA. In addition, differences between domestic and international standards could make international companies' EBITDA look better compared with US peers.
Bloomberg Tax (free content) (9/11) ...
NO MATTER WHAT YOU SAY...
How to write concise emails that get your point across
Using a MADE -- message, action, details and evidence -- format when sending company emails can help you craft messages that are concise yet effective.
Fast Company online (9/10) ...
PRETTY GOOD READ!
Current developments in individual taxation
This review of recent developments in the area of federal taxation of individuals from The Tax Adviser covers cases, rulings and guidance on a variety of topics, including a hobby loss case involving a World War II fighter jet.
The Tax Adviser (9/2019) ...
WE ALL MAKE MISTAKES!
Money mistakes to avoid while preparing for retirement
Care must be taken when saving for retirement, because the money may need to last for several decades. Here are seven mistakes people make when accumulating and investing assets for their golden years.
Business Insider (9/4) ...
WHO MISSES THIS DEDUCTION?
8 tips for making the most of business meals
Having lunch or dinner with a client can help you get to know them better while accomplishing business objectives. But if you don't do it the right way, you might inadvertently sabotage your goals.
CPA Insider (9/3) ...
ARE YOU CLAIMING?
Fewer taxpayers claiming charitable donation deductions
The number of taxpayers who claimed the charitable donation deduction declined from more than 33 million for the 2017 tax year to about 12 million for the 2018 tax year.
Forbes (8/28) ...