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.
Underpayment penalty relief now automatic for eligible filers
Some taxpayers who paid 2018 underpayment penalties will receive refund checks because the penalties will be automatically waived for those who qualify, the Internal Revenue Service says.
Journal of Accountancy online (8/15) ...
DO YOU EVER QUIT WORKING?
A look at entrepreneurship among seniors
Retirement doesn't mean the end of work for some seniors, many of whom are learning skills and starting businesses. Research shows enterprises started by seniors are likely to stay in business longer than those with younger founders.
Business Insider (8/12) ...
DON'T DO IT!
How sharing your phone number can lead to identity theft
A person's phone number might be linked to online and offline activities, and scammers could use the digits to uncover numerous bits of personal information. For this reason, people need to think carefully when giving companies their phone numbers.
The New York Times (tiered subscription model) (8/15) ...
Alimony tax gap swells to $3.2B, TIGTA finds
Misreported alimony resulted in a $3.2 billion tax gap in 2016, according to the Treasury Inspector General for Tax Administration, an increase of 38% in six years. TIGTA matched up returns claiming an alimony deduction with returns that should have reported corresponding alimony income to determine the gap.
Journal of Accountancy online (8/13) ...
IS YOUR RETIREMENT IN TROUBLE?
How to guard retirement savings from economic trouble
Here are six tips to protect retirement savings from market fluctuations or a recession. Start by developing a financial forecast.
U.S. News & World Report (8/14) ...
ARE YOU MOTIVATED?
How to rediscover your motivation at work
It's natural to feel unmotivated at work from time to time, and this can lead to burnout. One way to regain inspiration is by focusing on the effect your work has on other people.
The New York Times (tiered subscription model) (8/12) ...
ARE YOU SELLING?
Trade concerns trigger stock sell-off, bond rally
A sell-off hit US stocks Monday as concerns about consequences of a protracted US-Chinese trade dispute triggered a shift into bonds. The three biggest indexes all declined.
Reuters (8/12), MarketWatch (8/13) ...
ARE YOU HELD BACK?
5 tips for dealing with a boss who holds you back
Relying on your boss to take the lead in your professional development may not work. Here's what you can do to drive your own advancement.
Financial Management (8/6) ...
PROTECTING THE ASSETS!
Coalition launched to protect professional licensing
The AICPA and the National Association of State Boards of Accountancy helped found a new coalition of advanced professions with the goal of educating policymakers and the public on the importance of professional licensing standards.
Journal of Accountancy online (8/12) ...
5 days ago
Choose your next job to match your personality
Know what type of company culture and office environment is a good mesh for your lifestyle and personality before you seek a particular job. Consider how you spend free time and whether you're an introvert at work to determine what type of position suits you best.
U.S. News & World Report (6/25) ...